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9.2 Rational Perspectives on Decision Making
The Classical Model of Decision Making
The classical decision model is a perspective approach that tells managers how they should make decision.
It rests on the assumptions that managers are logical and rational and that they make decisions that are in the best interests of the organization.
FIGURE 9.2 The Classical Model of Decision Making
When faced with a decision situation, managers should…
-Obtain complete and perfect information
-Evaluate everything rationally and logically
… and end up with a decision that best serves the interest of the organization.
TABLE 9.1 Steps In The Rational Decision-Making Process
FIGURE 9.3 Evaluating Alternatives In The Decision-Making Process
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Publish on 20th May 2015 Category: All 78