Rational Decision Making Essay

Chapter one
Introduction.
As a human being every day we are deluged too many decisions in our life, start from personal decisions up to governmental decisions, many decision have made every day.
Decision is the most important part of our life, personally for example, we made decision towards many things such as; politics party which we support, football clubs, universities which is applicable to you etc. Organizationally, the executive or the board of directors have diverse of alternatives of decision making to choose from the best alternative solution.
Some alternative have high impact financially for the organization. If the organization takes an adventure of a new market without preparation, or the organization makes huge investments in countries which are restless like

Benefits or rational Decision Making:
As stated above, rational decision making is based on scientifically obtained information, so this decision making model can reduce the chance of errors, uncertainties, assumptions, subjectivity and distortions. This approach can also reduce to risk of failures because the evaluation and selection process of this approach are based on sane and logic information and knowledge. Rational decision making can help the decision makers to deal with difficult problems in a complex environment.

“It is a well-defined step-by-step approach that required defining problems,
Identifying the weighing and decision criteria, listing out the various alternatives, deliberating the present and future consequences of each alternative, and rating each alternative on each criterion (Simon, Herbert, 1978)” Using this model, the issue will be addressedby breaking down into easy steps, and all aspects of the issue will be considered with possible solutions and then make the final