Essay: Decision Making Tools

5 Apr

Essay: Decision Making Tools

Sample Essay

Some of the decision-making tools used in International Power Developer involve rational decision-making models. These models have a logical, sensible and rational approach in making the decisions.

The models involve a cognitive process whereby a number of alternatives have to be considered and the best alternative which is assumed to have the best end results is chosen. Some of the models used in International Power Developer are the Bounded Rational Decision-Making Models and an example of such models is Vroom- Jago Decision Model.

The techniques and the tools used in decision making are used hand in hand or rather at the same time. The different types of tools and techniques are used depending on the complexity of the decision being made in International Power Developer; this is because the techniques and the tools fit appropriately in different situations.

For the success of this firm, the techniques and the tools used in the decision-making process must be critically be evaluated by the management before any decision is made, this is of paramount importance to facilitate the making of the correct decisions.

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