Decision Making Models A+
have 225 words for each questions and also a reference page for each question. Please in cite reference after every sentence if necessary. also make sure you are using the book Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th ed.). Hoboken, NJ: Wiley.
1. Research the Internet and available textbooks for rational decision making models. Discuss your findings in terms of the models you found versus the model offered by Bazerman and Moore on pp 2-3 of your text.
2. Consider the last decision that you have made (purchase of an automobile, purchase of a home, seeking a new job, etc.). Then, discuss that decision in terms of the rational decision making model. How could you have improved your decision?
3. Visit the website http://motherjones.com/politics/1977/09/pinto-madness and read the article concerning the Ford Pinto. How did the decision making process help to create the problems for the Ford Pinto? Do these decisions represent optimizing behavior or satisficing on the part of Ford? If you were Lee Iacocca, would you have decided differently? How?
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10 years ago