Essay on Decision Making and Best Possible Decision

Submitted By Clark34
Words: 399
Pages: 2

Decision Making Process
Crystal L. Fielder
MGT/230
October 8, 2012

Decision Making Process
Throughout our personal and professional lives we will be forced to make decisions and take actions that will have an impact on ourselves and those around us. In such times, the six stages of the decision making process, indentify and diagnose the problem, generate alternative solutions, evaluate alternatives, make the choice, implement the decision, and evaluate the decision, should be used to make the right decision. (Bateman, 2011)
One such situation for me was when I decided to move out of my mother-in-law’s house. My husband and I had been living with his mother with our daughter for awhile. We were looking for a place of our own, but we were not in a hurry because there was plenty of space. That was until our world was turn upside down when we found out that I was four month pregnant when our daughter was seven months old. We have now identified and diagnosed the problem, we needed more space. The next step is to generate alternative solutions, which were ready- made solutions, either buy a house or rent a place.
We then needed to evaluate our alternatives. Which was the best solution for our family? What is best financially? What are the risk, benefits, disadvantages, and every other factor in between? After our careful evaluation of the alternatives, we acknowledged that we were not ready to buy a house, so we made the choice to find a place to rent. This was the…