It is practical and possible to follow a rational decision making model in every business situation.

Question

Quizplus · Accepted Answer

While a rational decision making model involves evaluating relevant information and weighing potential outcomes before selecting a course of action, not every situation allows for the luxury of this level of analysis. Some business decisions must be made quickly or with incomplete information, and in those moments intuition, experience, and other non-rational factors may come into play. Additionally, even when a rational decision making model is appropriate, individuals may not always follow it perfectly due to biases or other constraints.

It Is Practical and Possible to Follow a Rational Decision