Rational Decisions in Organisations: Theoretical and Practical Aspects

Managers in organizations must make rational decisions, which are the opposite of intuitive decision-making. This involves identifying the problem, gathering facts, identifying options and outcomes, analyzing them, considering all the relationships, and selecting the decision. Rational decision-making requires support from methods and software tools, such as measuring and evaluating the current situation, analyzing and optimizing options, and incorporating intuition into rational decision-making. The book "Rational Decisions in Organisations: Theoretical and Practical Aspects" presents recent developments in the support of rational decision-making in organizations, illustrated through case studies. It illustrates how modern organizations operate in chains.

Format: Hardback
Length: 233 pages
Publication date: 31 May 2022
Publisher: Taylor & Francis Ltd

Managers in organizations must make rational decisions, which are the opposite of intuitive decision-making. It is a rigorous procedure that utilizes objective knowledge and logic. This process involves identifying the problem to solve, gathering relevant facts, identifying potential options and outcomes, analyzing them, considering all relevant relationships, and selecting the most appropriate decision.

Rational decision-making requires support from various methods and software tools. The identification of the problem to solve necessitates methods that measure and evaluate the current situation. Identification and evaluation of options and analysis of available possibilities involve analysis and optimization methods. Incorporating intuition into rational decision-making requires adequate methods to translate ideas or observed behaviors into hard data.

Communication, observation, and the recording of opinions are crucial aspects of rational decision-making, but they are hardly possible today without adequate software. Storing, managing, and making information and data accessible in a user-friendly manner is essential.

Rational Decisions in Organisations: Theoretical and Practical Aspects explores selected recent developments in supporting rational decision-making in organizations. The book showcases the diverse perspectives involved in decision-making and the various domains where rational decision support systems are needed. The case studies presented in the book cover decision-making by medical doctors, students, managers of various universities, IT project teams, construction companies, banks, and small and large manufacturing companies.

The book emphasizes the richness of relationships in which decisions should and must be taken. It illustrates how modern organizations can leverage rational decision-making to achieve optimal outcomes in a complex and ever-changing world.

Weight: 620g
Dimension: 254 x 178 (mm)
ISBN-13: 9780367467746