Rational Business Decision Term Paper

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Rational Business Decision

Poor Decision Making

One of the most difficult things to admit is when one has made a mistake. In retrospect, the decision not to promote Ms. X, given her sterling performance for our competitors, is one such a poor decision on my part.

However, I have learned from my mistake. I realize that I should not have rejected her request for a promotion, and the added responsibilities that such a position entailed out of hand.

At first, deploying what is known as Recognition Primed Decision Making, under the stressful situation of her immediate prompting, I bridled at the idea of paying her more, because I knew that the department was financially strapped.

However, she requested an audience with me. Still, I rejected her request again, deploying the Explanation-Based Model of decision making, when a decision maker such as myself "will attempt to create a full story from some incomplete raw facts and then match this story against possible choice options to come up with a solution.

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" (Khan, 2004) realize in retrospect I was overly preoccupied with her reasoning for choosing to behave as she did, wondering what her personal reasons were for pressing for a raise at this juncture, and rejecting them, rather than considering as well her personal dissatisfaction with her advancement within the organization.

I think I also used image based theory to some extent, which involves imaging organizational principles, defining goals, and finally envisioning strategic plans to realize….....

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