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Mgt350 Week4 Individual

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Submitted By kpidwell
Words 757
Pages 4
Paired Comparison
Kristy Pidwell
University of Phoenix
MGT 350 – Critical Thinking: Strategies in Decision Making
Group: _____A_____
Dr. Jennie Wong, EdD, MBA, SPHR
November 14, 2011
Problem Formulation and Decision-Making Tool The importance of using decision making tools has been helpful throughout man kind, although the stated theories came about not too long ago in 1927 by Ernst Heinrich Weber and Gustav Fechner. Naturally, a person will make a decision based on what they see fit to be the best fit for their needs or wants. Paired comparison is an effective method of decision making. “When our pattern of decision-making is irrational, we live an irrational life. Rational decisions maximize the quality of life without violating the rights or harming the well-being of others. Rational decisions maximize our chances for happiness, successful living, and fulfillment” (Paul & Elder, 2006, p. 1).

Decision-Making Tool Paired comparison decision making is a tool used to come to a decision. This allows one to see two people, items or options and compare “apples with oranges”. With this tool, one would take pairs of items and choose the preferred item from the pair; either the preferred item, or the item that has been established to hold the most value.

Strengths of this tool The advantages of this tool are for the individual to provide ample information for the decision at hand and to make a sound decision. One must research the options whether they are in regard to employment of an individual, the selection of a candidate running for office in an election, or what to have for dinner. In regard to the individual that may be up for review and may have a raise or promotion due, there is probably another individual that is eligible for the same. The person in charge of making this decision will have to review performances on

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