Successful and an Unsuccessful Decision Essay Example

the problem, establishing decision criteria, weigh decision criteria, generate alternatives, evaluate the alternatives, choose the best alternative, implement the decision, and evaluate the decision (Steps in the Rational Decision-Making Model).

When it comes to luck and skills and their relation to success, I think there are two extremes: people who rely only on luck and other that think that everything depends solely on skills. I think that a middle ground has to be found and followed. For example, a company after making a certain decision must hope for the best as they already choose to go with that idea and work hard until they accomplish it. A successful decision has to do with both luck and skill, but also an illogical dumb idea/decision can lead to successful/beneficial outcome sometimes.

A company’s decision does not need to reach its final objective in order to understand if it will be successful or not. For example, an ice-cream factory that decided to make two million different ice-creams in order to sell them to their potential byers does not need to sell all the ice-creams in order to understand that his decision/goal has been successful, and to understand that his contribution will lead to profitable income; he only needs to look at the daily or weekly sales, and see if this number of sales is enough for the two million different ice-creams to be sold during the expect time.

An organized and systematic decision-making process usually leads to better successful decisions. Without a well-defined process, you risk making decisions that are based on insufficient information and analysis. Many variables affect the final impact of your decision.

However, if you establish strong foundations for decision making, generate good alternatives, evaluate these alternatives rigorously, and then check your decision-making process, you will improve the quality of your decisions.