...comfortably. We then decided to use a family friend who was realtor and could help us out in the process. We had set aside money for the down payment, and we had told her realistically how much we could afford. We had known that my credit was going to have a negative impact on getting a loan, so we used my partners’ credit to avoid the negative impact. On our days off we would schedule viewing homes, meeting with the realtor, and the lender. Once we had found the home we wanted to purchase, items we were unprepared for started to arise. The decision making process followed some of the steps in chapter three of the text (Bateman, 2011). We had planned on how things would be once we purchased our home. We knew that we would be closer to family, our son would have a better upbringing, and that we would be happier. We took what we thought were the appropriate steps in purchasing our home. When you do not have enough knowledge in the decision you are about to make, complications usually arise. Because this was our first time purchasing a home we did not realize there were additional costs up front such as the additional closing cost on top of the down payment, which put us in a position of having to borrow money from my parents. What I also did not realize is the expense to maintain a home, the work load involved to maintain it, or the implications that could arise. We were also unaware that to re-sell our home for some profit, we would have...
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...Decision Making Process Paper Your Name Date MGT230 Instructors Name Decision Making Process Paper Upon completion of my Associates of Arts degree program in business I was unsure what I should do next. I wondered if I should continue my education with the hope of having a better chance at getting a good career one day, and if so, should I continue at the same college. I didn’t know it at the time, but I used the first step in the decision making process and recognized “that a problem exists and must be solved" (Bateman, T. S., & Snell, S. A.,2011). The problem was that I needed to figure out what exactly I wanted to do with my life in terms of a career, and should I continue in school and which school should I attend. I decided that my best chance would be to continue my education in hope of finding a better career. I spoke with my aunt who is an accountant, and she encouraged me to specify my area of business because more degrees in business would be too general. From there, I decided that it would be better to focus on accounting since accountants make decent money and everyone needs an accountant. After about a six month break from school during which I had more time to think about my next move, I began to research various other local universities to see if they had an accounting program and how much it would cost me including tuition, material, room and board, etc. I didn’t realize it, but I was “generating alternative solutions,” the second step...
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...Decision-Making Process Paper MGT/230 Ashley Turner August 15th, 2012 Scott Romeo University of Phoenix DECISION MAKING PROCESS PAPER Decision making is a cognitive process resulting in a final choice. The process is a part of an individual’s everyday life. There are several factors that influence why individuals make the decision they do. The paper will describe each step of the decision making process. How similar self-decision are to the ones described in the text and how that decision could have been different if you had used the same steps included in the text. Decision making is the process in which companies organize a business. The right decisions reflect leadership There are numerous factors that influence decision making. Significant ones like past experiences factors include, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance. These concept all impact the decision making process. (DIETRICH, 2010).The decisions to go to school for me was difficult .I had to overlook all the positives and negatives before I made my decision. First I thought about how going to school could better my future. How it could impact my relationship with my family and how going to school could affect my time. Even though I wanted to go to school my past experiences in high school effected my decision to go sooner. I believed that school would better my chances...
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...Decision Making Process Paper Tiffany Camphouse November 21, 2011 MGT 230 A time in my life that I had to make a personal decision was when I decided to move. I had a pretty good job, but the rest of my family was moving away, and I did not want to be the only one left there. I had been working at my job for just over a year, and had just recently found out that I was pregnant for the first time. My boyfriend and I had our own place, but neither one of us had a vehicle. With my family planning to move out of state I was forced to make a decision. I had to decide if I was going to move closer to my job, or quit my job and move closer to my boyfriend’s parents, or move back to the place that I was born and raised for most of my life. The first thing that I did when I found out that I was going to have to move was talk to my boyfriend. He said that he didn’t know what we should do, but he didn’t want to move to the town that was close to my job. He felt that the town was too small, and the fact that we did not know anyone there was the other reason. The next thing that we did was talk about who’s parents we were going to move with. I wanted to move with my parents, because I was seven months pregnant and wanted to be with my mom to have the baby. He was torn because he had never been more than a few hours away from his mom, but he thought it would be cool to see some place new. After about three weeks of discussing our options we came to an agreement on moving...
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...Decision-Making Process Decision - Making Process When relocating to another state, they are many factors to consider before planning the move. The first thing is finding a good location to live. The second thing is making sure the employed members of the family find new jobs. The last factor is finding local education sites for students traveling with the family. Working in the military for over twenty-one years I had to move many times. Housing, employment, and education are the main key factors that I considered during a decision-making process. Traveling to a new state can be a hassle to relocate many things in a short amount of time. Searching for a new home is the first step before planning the move for my family. The following question needs to be asked before purchasing a new house. “Is this the season when people buy houses?” I rarely find people buying a new home during the winter, so it is important to find something available before hand. The cost of living in the state is also another factor to consider. Is it “too pricey” or should I go with something cheaper like an apartment. The location of where I choose to live will affect many job and transportation choices. Finding new jobs available for my family members and their field at the new location can be hard at times. Depending on where you are moving to, the availability of your job can be either high or low. It is in your best interest to choose a job nearby your new house. If that option is impossible,...
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...Rendon May 8, 2015 Decision- Making Process Paper XMGT/230 About 2 years ago after quitting my job in Miami, My father called me and said that there was plenty of work up north in New Jersey where I was born. Since I was currently unemployed and my savings were slowly disappearing, I decided to move up. I did not really approach it as a life changing decision, but it ended up being that. I wish I would have known the stages of decision making that were discussed in the readings, I would have taken more time and thought things through much better if I had these tools. My first approach should have been to understand the current state, and determine what would be the desired state as explained in Ch. 3. I needed to find out if my dad’s current offer was as good as my old jobs, or was it better. I also had to ask myself if I could find a better job just staying in Miami. Instead of asking myself the proper questions, I made the decision strictly because of fear of not finding work quick enough in Miami. Another problem with my original strategy was that I did not leave myself many options. I made it seem that going to New Jersey was my only way of finding and keeping a job. It was a job doing contract work in residential areas, so it was not as if the job was boring. I liked the fact that I would be working with my dad getting paid good money, but I still should have looked for other custom made solutions that would not require so much change. Making the choice to finally...
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...Approaches to Decision Making Paper xxxxxxxx May 12, 2013 HCA/250 xxxxxxxxxx Approaches to Decision Making Paper A health care organization is experiencing increased costs for staffing and overhead. Management must determine how to reduce costs without compromising patient care and safety. This paper will explore rational decision-making and bounded rationality, two decision-making approaches that the health care organization can use for determining how to reduce costs. This paper will also explain why making a group decision is better than a decision by an individual, as well as list the advantages and disadvantages of group decision-making. According to Robbins, DeCenzo, and Coulter there are three decision-making approaches. These three approaches are rational decision-making, bounded rationality, and intuitive decision-making. In order for management of the health care organization to determine how to reduce costs they can use rationality or bounded rationality. Making a rational decision requires complete knowledge of the problem, all possible solutions, and the consequences of each solution. The decision maker must use logic and objectivity to determine which solution option will achieve the company’s goal. Rational decision-making will be challenging for the managers because it is unrealistic to analyze every detail of each solution option and the associated risks of each. Using bounded rationality will...
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...Decision-Making Process Paper Management Theory and Practice, MGT/230 September 30, 2013 Decision-Making Process Paper Every day, individuals are faced with some of the hardest decision making processes. Over the years, Marvenia have worked for several companies that have provided her family with a roof over their heads and several other things to be grateful for. In 2009, she was faced with an opportunity to take a position with another company that offered her a better pay increase, lifelong benefits including 401k, paid vacation time, holiday pay, pension and much more. On her current job at the time, she was working part -time making minimum wage with no benefits. This paper will speak about a job changing decision Marvenia had to make to improve herself as well as her family. The Process The first step she had to make was to identify the problem. The problem was that the company whom she was currently working for was not paying enough money to provide for her children. Second, her current job only offered benefits to the full-time employees and she was only a part-time employee who made her ineligible for company benefits. The second and third step did not meet any of her needs at the time, so she went to the fourth step. The fourth step was to make a final decision. So she decided to go along with the job opportunity that was best fit for her and her children. She chose to work for the company who provided a better living opportunity as well as benefits needed...
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...Decision-Making Process Paper 1 Decision-Making Process Paper Connie F Dents February 14, 2012 MGT/230 Steve Rosales Decision-Making Process Paper 2 Decision-Making Process Paper In everyday life we are challenged in making sound decision, decision that will last for a life time. Folk often wonder after making a decision if it was the right choice, will it affect the people around me, was this a good choice for my family, and will the decision affect them. The decision- making process should be one that makes a positive change. Can the decision making process work for organization as well as individuals. Before changing to the job that I have now, I had to decide if leaving the Register of Voters to take a job with the East Baton Rouge Parish School System would work out in my favor. Before making a hasty decision I listed my pros and cons to see what job will be the best, what job would I like working at, would there be room for advancement on the job, and which job had the best benefits. In making the right decision some of my decision- making came from that of the Stages of Decision-Making Process that we...
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...Decision-Making Process Paper Matthew Walker MGT/230 08/04/14 Tyler Allen Decision-Making Process Paper The process of making decisions can be broken down into various stages. These stages allow the decision maker to follow guidelines in making a sound decision. I can recall a big decision that I had to make in regards to transitioning our base of field operations to a separate city from where our corporate office was held. The process that I followed was a basic approach to making a business decision that best suited the business and would put the company in a position to maximize earning potential. I first identified the problem with running auto transport trucks out of a city where there wasn’t an abundance of loads to book from with even a smaller market for qualified auto transport drivers to operate our trucks. The company had taken part in a temporary contract shuttling vehicles out of Detroit where there was an overabundance of vehicles in need of transporting. I had previously identified another city, Chicago that was a healthy candidate to run the trucks out of. Both cities were within 3 to 5 hours of our corporate office in Indianapolis and had a significantly higher volume of loads to book from. I had to look at both cities and plan out how and where we could set up a terminal at. I identified locations and contacts in both metro areas and was prepared to make a move. The first city that I was leaning toward was Chicago. However when the...
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...Decision Making Process Paper A huge decision I had to make in my life was the decision to buy another home and move to the state of Washington. I had previously purchased a home in the state of Oregon and was underwater so to speak on it. For me, the uncertainty and risk were the biggest decisions for me to face. The housing market was in a downward spiral and had my own decision making process to go through. Does homeownership, with its ongoing responsibilities, suit your lifestyle? According to "Realtor.com" (2012), you are ready to buy a home if you have a steady income that can be documented, have saved enough money for a down payment, will be able to pay other bills while keeping your mortgage payments current and are prepared to keep the home for at least five years” (para. 7). I struggled to decide if these were things I would be able to do, and the decision making process for me was answering each of these questions carefully and thoughtfully. The decision making process can be different depending on how you approach it. In the course textbook, the decision making process involves six steps; Identifying and diagnosing the problem, generating alternative solutions, evaluating alternatives, making the choice, implementing the decision, and evaluating the decision. (Bateman & Snell, 2011). If I was to use this process to make a decision to buy a house, I would identify that the problem was deciding whether to make the life altering decision to buy a house. I would determine...
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...Decision-Making Process Paper 12-5-2011 University of Phoenix Decision-Making Process Paper I bout my first car at 21 years old as a birthday present to myself and I was unaware of how much went into the decision making process until then but soon came up with my own process of smaller decisions I had to make to factor into the purchase. When I first went to buy the car which was the major decision I had to determine the necessity of the car in my life, Whether or not financially I could manage a car payment and if I was willing to commit that much time to making the payments. Necessity of the Big Decision My first step as a consumer at 21 years old was determining how important a car was in my life and at the time it definitely was I was in college and participating in collegiate sports, volunteer coached high school track and field, attending college, and managing a social life it was very important in my future success that I have a reliable vehicle to get me to and from. The book talks about lack of structue decisions and uncertainty and risk and after reading them I somewhat implement some of the procedural steps without even knowing it. Financial Commitment My second step was to decide that at 21 years old I had to get a job and maintain that or another job long enough to make these car payments and commit to the length of the contract. There was certainty that I could manage the car payments especially because I just started a new job I knew...
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...Decision-Making Process Paper Dameka Ford MGT/230 April 21, 2015 Ronald Sprague Decision-Making Process Paper I choose to speak on enrolling in school. I’ve had many decisions in my life to make, but this by far has been the hardest of all. The Problem with enrolling in school is, I took my age for one, and also I wanted to make sure I would be dedicated to my studies, Make sure that this decision was best for my future, and to make sure that the financial side would be cover, After looking at all the problems That I thought I had, I began to Generate alternative solutions for my problems. First, my age shouldn’t be a discouragement, when you have elderly people as old as 103 years of age still in school, to receive their diploma or degree. Second, I wanted to make sure that my time was dedicated to this, I’ve had to start and stop school before because I wasn’t given many options on way to keep my education going, I have a fulltime job as a care giver, I also have a small candle business, and currently a fulltime student. Third, It’s easy to take courses, but if this doesn’t relate to any of your plans for the future, then to me you would be wasting your time, And last but not least the Financial side of it, It’s costly to attend college. If you can get financial aid, please do any kind of help you can get would really be helpful. Meanwhile, my to do list was short and I then had to make the choices for my life. Before, attending UOP. I attended National College of...
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...Decision – Making Process Paper Shateasha Buckner MGT/230 March 17, 2015 Leslie Hall - Facilitator Decision-Making Process Paper Decision-making for some may be quick and not critically thought through. For me however, I prefer to make my decisions by using a thought process and experiences. Things were becoming overwhelming and stressful at my workplace. This caused my confidence level to dwindle. I began asking myself questions. Is it time for a change? Do I see myself here in the next 2-3 years? Is this affecting my work ethic as a manager? What will be my overall choice for my future? Throughout this essay I will identify the problem by using the decision-making process, view my similarities with those from the text, and determine my decision based on steps from the text. The Problem and Why My current position consists of managing people and ensuring a multi-million dollar asset performs at its best. By doing so, we as a team must keep up with the constant change in occupancy, income, and renewals. These three things keep the asset flowing, which can be an issue at times; especially when having a demanding boss who seems to care less when your asset is in need. This trickles down to my staff and then on to the residents. As the text mentions, “a manager realizes some discrepancy between the current state (the way things are) and a desired state (the way things ought to be)”(Bateman & Snell, 2009, p. 89). As manager of this asset, I am aware...
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...Decision-Making Process Paper I have recently made a decision to move to a different state. I will discuss the steps in my decision making process. The decision making process will be compared to the process obtained in class text. By using the steps in the text my outcome could have a different conclusion. I was having trouble find employment while as residing in New Mexico after a huge layoff from work. After months of searching for full time employment, I starting contemplating a decision to move my family to Spring Illinois. The choice to move was a huge decision to make. My wife would have to leave her state job along with my kids having to start a new school. So I made a list of pros and cons of making the move. I then began making a budget to see if the move was feasible financially. The pros outweigh the cons and I begin putting my decision into motion. After a few months of planning my move was complete. My decision making process was similar to what the text offered. In the text the first step is to identify the problem (Bateman, Snell, 2011). I did this by noticing that employment in new Mexico was not available The next step is generating alternatives (Bateman, Snell, 2011). I did this by deciding to move to Springfield Illinois. The third step was to evaluate the alternative, I did this by writing out the pros and cons of my decision I then followed the fourth step in making my choice, by deciding to move. The fifth steps includes implementation (Bateman, Snell...
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