4 Steps to Emotionally Realized Rational Decisions
Should rational decision making of intelligent business leaders include their gut feelings and emotions?
As a business leader or manager you generally learn that decisions and actions based on rationally considered criterion are important for business success. Identifying a problem and evaluating and weighing various options, clarifying goals and objectives, assessing resources and alternatives, qualifying potential outcomes and developing an implementation plan are all logical and rational steps in an effective process. Does Rational Decision Making Include Emotions? The definition of rational includes phrases such as in accordance with reason or following from logic. The Merriam-Webster dictionary defines rational as being agreeable to reason or understanding and based on facts or reason and not on emotions or feelings. If you examine a rational planning model the process involves many steps that are sequential, logical and systematic. For example a rational decision making process could involve the steps of:- Identifying a problem or opportunity
- Gathering information
- Analyzing the situation
- Developing options and alternatives
- Evaluating these options and alternatives
- Selecting the preferred alternative (including an A and B plan)
- Taking action to implement the decision