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Decision Making Models
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Rational Decision Making Model
Assumes logical and comprehensive choice, with steps: define problem, identify criteria, weight the criteria, generate alternatives, rate alternatives, compute optimal decision.
Bounded Rationality Model
Proposed by Herbert A. Simon, recognizes limitations of our ability to process information, leading to 'satisficing' decisions rather than optimal ones.
Vroom-Yetton-Jago Decision-making Model
A contingency model that helps leaders determine the level of involvement of subordinates in the decision-making process based on the situation.
Garbage Can Model
Describes decision-making in an organizational context as a chaotic process and a result of random collisions of problems, solutions, participants, and choice opportunities.
Incremental Decision Making Model
Focuses on simplifying the complex process of decision-making by making small, less risky adjustments rather than large, radical changes.
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