Compare rational decision making and intuitive decision making
Hello,
Today I have decided to compare rational decision making and intuitive decision making. Rational decision-making is a step-by-step guide to finding a solution or fixing a problem. Intuitive decision-making focuses on using past experiences and situations to find a solution. In this situation, it is better to use rational decision-making. I am taking the steps to find out who is best for the job. Just because of experience does not fully suit you for the job because it is just an initiative to expand the online business. I would use Michael and let Myra help or learn from him.
In your response posts to at least two peers, explain how the model you recommended using compares with the model your peers recommended using and how it would influence the decision-making process and outcome. You may use the following questions to help develop your response:
What can examining a business problem through the lens of different decision-making models teach us about decision making?
What other business decisions or situations would your peers' recommended decision-making models be most appropriate to use for, and why?
What other business decisions or situations would your recommended decision-making model be most appropriate to use for, and why?
Do you have questions for your peers about why they recommended the model they did?
Sample Solution
Comparing Decision-Making Models: Rational vs. Heuristic
I appreciate your comparison of rational decision-making and intuitive (heuristic) decision-making in the context of selecting a candidate for your online business expansion. While both approaches offer valuable insights, exploring the nuances of different decision-making models can further enhance your decision.
Comparison:
| Feature | Rational Decision-Making | Heuristic (Intuitive) Decision-Making |
|---|---|---|
| Focus | Systematic analysis of options | Utilizing past experiences and gut feeling |
| Strengths | Well-structured, minimizes bias, reduces risk in complex situations | Efficient, quick, leverages prior knowledge |
| Weaknesses | Time-consuming, may overlook intangible factors, can be paralyzed by information overload | Subjective, prone to biases, may not be suitable for novel situations |
Influence on your decision:
In your scenario, both approaches could lead to choosing Michael.
- Rational decision-making:Â A structured analysis would reveal Michael's leadership skills and website development experience as valuable assets for the project, outweighing Myra's product knowledge, which can potentially be acquired through training or collaboration.
- Heuristic decision-making:Â Your past experiences likely influenced your gut feeling that Michael, with his leadership and relevant experience, would be a better fit for the project.
Full Answer Section
However, other models could offer further perspectives:
- The Team Decision-Making Model could involve your team in evaluating candidates, fostering a sense of ownership and leveraging diverse perspectives.
- The Situational Judgement Test (SJT) could assess how both candidates would handle specific situations related to the project, offering a more practical evaluation of their problem-solving skills.
Learning from different models:
Examining your decision through different lenses highlights the value of:
- Considering both objective and subjective factors:Â While rational models emphasize structured analysis, heuristic approaches remind us of the importance of experience and intuition.
- Tailoring the model to the situation:Â Complex decisions with high stakes might benefit from a more structured approach, while time-sensitive decisions might favor intuition.
Questions for you:
- Did you consider incorporating any team input into your decision-making process?
- Have you considered any potential training or development opportunities for Myra to bridge the product knowledge gap?
By understanding the strengths and limitations of various decision-making models, you can become a more versatile and informed decision-maker in various business situations.