Importance of the Decision Making Concept - 879 Words

Decision Making Concept: Decision making is one of the most important aspects in life and work because of its strong link to success and effectiveness. Actually, successful people achieve their goals in life and work through effective and efficient decision making. The decision making process is usually guided by an individual’s beliefs, values, and attitudes as well concepts. While a person can use various concepts in making decisions, they should be very careful to select a concept that is effective and contributes to huge success. Nonetheless, these concepts exist to help an individual become a better decision maker in the world around him/her. Decision Making Concepts Resonating with Me: As previously mentioned, there are various†¦show more content†¦Moreover, this concept promotes the success of the decision through helping a person to reliably focus his/her attention on details that are likely to be overlooked, information that could probably be resisted, options that could have been neglected, and preparations that could have been ignored (Heath Heath, 2013, p.26). This contributes to consistent improvement in the decision making process and enhancing awareness of the need for decision making. An example of the application of this concept in the world around is associated with how it will change my thought process and behavior in the future. First, before making any decisions such as a career choice, I will examine various options and list possible careers that aligned with my passion, personality, values, and strengths. This will involve expanding the list to contain as many careers as I can think of or fr om conducted research. This will be followed by asking questions about every career option with regards to its requirements and probable benefits. This phase will be accompanied by overcoming short-term emotion and contradictory feelings through conducting information interviews to select the best career. The final process will involve preparing for unexpected future such as changes in the particular field. As a result, the concept will help in improving my thought process through conducting wide search of information and options andShow MoreRelatedThe Long Term Performance And Operational Success Of A Firm1691 Words   |  7 Pagesoperational success of a firm. A firm must adapt to the changing market and technological environment is another major concept that is explained briefly in the chapter. Strategic management provides a clear sense of strategic vision for the firm, sharper focus on what is important, and an improved understanding of a rapidly changing environment. Impo rtance of innovation is another important concept explained in the chapter with respect to an example using the struggling retailer, Sears. Sears succumbed toRead MoreUnderstanding The Benefits Of Strategic Management1674 Words   |  7 Pagesoperational success of a firm. A firm must rapidly adapt to the changing market and technological environment is another concept that is introduced in the chapter. Strategic management provides a clear sense of strategic vision for the firm, sharper focus, and an improved understanding of a rapidly changing environment. The importance of innovation is another important concept explained in the chapter with respect to an example using the struggling retailer, Sears. Sears succumbed to the lack ofRead MoreUnderstanding The Benefits Of Strategic Management1625 Words   |  7 Pagesoperational success of a firm. A firm must rapidly adapt to the changing market and technological environment is another concept that is introduced in the chapter. Str ategic management provides a clear sense of strategic vision for the firm, sharper focus, and an improved understanding of a rapidly changing environment. The importance of innovation is another important concept explained in the chapter using the example of a struggling retailer, Sears. Sears succumbed to the lack of innovation, whichRead MoreReview Of Lederach Named As An Essential Guide For Research And Practice Essay973 Words   |  4 Pagesattain the objective. As a future social work, I ought to be in charge and make decisions, learning effectively how to solve problems take control and responsibility of my life to help me make an important decision. Based on the fact that the skills of self-determination are in most cases developed and learn through practicing them, I have learn that I should be using my self-advocacy, socialization and decision making skills prior to leaving school as this would prepare me be able to handle realRead MoreEquilibrium Is Virtually Useless : An Argument Between The Conceptuality And The Practicality Of Nash Equilibrium1342 Words   |  6 Pagesinteraction and rational decision making quantitatively. Nash equilibrium can act as a tool to provide an insight into such interaction. In the first part of this essay, I am going to evaluate why the statement ‘economics without the concept of Nash equilibrium is conceptually flawed’ is true, by looking into the importance of rationality in economic s and the mechanism of the Nash equilibrium. In the second part, I am going to assess why the argument for ‘Economics with the concept of Nash equilibriumRead MoreThe Ethics Of A Leader1604 Words   |  7 Pagesorganization. Even though leadership is impossible without followers, a person must first transform their own ethical theory into a process before they can teach or require ethical behavior from others. Leaders must incorporate their ethical beliefs and decision making template into everyday life. The personal ethics of a leader will cast a light on organizations that will create an ethical climate. This climate fosters ethical conduct from others and will be beneficial when designing an organization. ResearchRead MoreImportance of Ethical Theory in Nursing1322 Words   |  5 PagesIntroduction The concept of ethical nursing and culturally competent care are becoming more and more important in the contemporary nursing practice (Smith Godfrey,2002).Despite their general appreciation in nursing practice, challenges and dilemma often clouds their application in a world which is continually being marked with a culturally diverse and demanding population. In this paper we present a critical review of ethics and cultural competence in professional nursing practice with a clearRead MoreProfessional And Personal Application Statement1580 Words   |  7 Pagescommunicating the importance of ethics to other nursing professionals (Jormsri et al., 2005). In order to be prepared to handle the task of addressing ethical issues, both on a personal and professional level as an advanced practice nurse, it is necessary to demonstrate a comprehension of nursing ethics and to consider how those ethics will be integrated into professional practice. The ethical challenges that will be faced as a nursing professional must be examined, as well as how various concepts that haveRead MoreKey Concepts Of Information Systems In Global E Business And Collaboration1407 Words   |  6 Pagesï » ¿Key Concepts of Information Systems in Global E-Business and Collaboration The three most important information systems (IS) concepts introduced in Chapter 2 of Laudon and Laudon (2014) were (a) the business processes of information systems, (b) the types of information systems, and (c) systems for collaboration and social business. Three Most Important IS Concepts Business Processes and Information Systems Summary. According to Laudon and Laudon (2014), for a business to operate, there wouldRead MoreGlobal Leadership in International Assignments1418 Words   |  6 Pagesthe international assignment requires making critical decisions. Some of the major decisions involving this international assignment include hiring well-qualified employees, the process of achieving the established first-year goals, and developing an appropriate timeline for major milestones. While these decisions are critical for success in the international assignment, the process also requires examining the significant of cultural intelligence. The importance of cultural intelligence is attributed