Explain the nature of Decision Making and Problem Solvingas stated in the textbook. Instructions: You must provide the textbook chapter with your answer (.25 points will be deducted if

Explain the nature of “Decision Making and Problem Solving” as stated in the textbook.

Instructions:

You must provide the textbook chapter with your answer (.25 points will be deducted if not provided).

Your initial post must be at least 100 words. You will be deducted .25 points if not provided. 

You must also reply to at least two classmates and provide their names when replying to them. 

Your replies to each of your classmates must be at least 60 words. You will be deducted .25 points if not provided. 

You will be deducted .10 points if classmates’ names are not provided in your replies. 

You will be deducted .25 points on each non-classmate reply.

Do not provide the same reply to your classmates, .25 points will be deducted for each same reply.

Alexandra Castillo

Decision making is choosing one alternative from among several. Consider a manager seeking a location for a new factory. The manager identifies a set of potential locations, assesses each in terms of a number of relevant criteria (such as cost of the land, access to transportation, the local labor force, property tax rates, and so forth). This assessment will allow the manager to eliminate some sites from further consideration but most likely there will still be multiple sites that best fit the firm’s requirements. At this point, the manager must make a decision and select one site to buy. Chapter 8

Elsa Collazo

According to chapter 8 from the textbook, Decision making is choosing one alternative from among several. Decision making and issue solving are continual processes that involve assessing circumstances or problems, considering options, making decisions, and then carrying out the appropriate activities. Sometimes the decision-making process is exceedingly brief, and mental reflection occurs almost instantly.

There are strategies and approaches available to help enhance decision making and decision quality.

Decision making comes more naturally to certain people, thus they should work harder to improve the quality of their decisions.

People who are not natural decision-makers may frequently make great evaluations, but they must be more determined in acting on such findings.

Problem solving and decision making are inextricably related, and both involve creativity in discovering and creating solutions, which the brainstorming approach excels at.