In decision making one most take in consideration factors that will be most beneficial. In
most cases these decisions are made based on monetary factors. A company may consider
branching out to make a difference product or creative a different type of service for
customers. Making this decision can be based on quantitative factors, meaning that they
will be measured in numerical term. The numeric can be monetary or measured based on
the number of a specific thing or concept.
On the other hand, the decision can be based on qualitative factors. Using this factor, it
would be hard to assign a number to something that is intangible. Theses factors are based
on the environmental impacts. For example, a company may consider adjusting their work
force based on the how well workers are doing.
I personally made a decision to change careers about 15 years ago. Facing difficult
standards that were all to meet with a job that was both repetitive and precise management
was using qualitative factors to measure employees that may or may not have been doing
there job effectively. Using this factor decisions were made that did not benefit the
individual in the job. Ultimately, I found employment within my field of study and was
able to decide to leave based on quantitative factors. This job paid more, had better hours,
and allowed me more time to spend with family. After reading this chapter all decision
making take these to factors into consideration.
