SlideShare a Scribd company logo
1 of 6
RATIONAL DECISION MAKING
Rational Decision Making
What is RDM?
Rational decision making is a process which helps in
taking purposive and consensual decisions based on
sound reasoning involving all the stakeholders
concerned
–Purposive
–Consensual process
–Involving the stakeholders concerns
–Sound reasoning
Rational Decision Making
Significance for HTs
- multiplicity of situations
- varying concerns
- bearing on the quality and equity
- Resolve
- Based on policies, processes and principles
• Multiplicity of situations
– Managing routine; managing MDM; Community
interactions (to enquire absentees, dropouts);
Attending meetings, trainings, nodal works, union;
Addressing needs of special campaigns ( reading
campaign in Rajasthan), entertaining visitors.
• Varying concerns
– Authorities demands; community pressures,
Pedagogical issues, student needs, policy and
program pressures.
• Bearing on the quality and equity
– There can be long term implications of certain decisions
and striking balance between various concerns can have
bearing on the quality of solution and also on equity
issues.
• Resolve
– Decisions need to resolve issues, not postpone or
complicate it and so it being ‘sound’ and agreeable to all, is
important.
• Based on policies, processes and principles
– Decisions need to be situated in the framework of above,
so that it enjoys acceptance and respect.
• Cause
• Situation
• Personal efficiency (to Analyse & Reflect)
• Goals
• Information (availability of relevant Info.)
• Alternatives (with degree of certainty)
• Guiding values, principles and policies
• Methodology
Elements of Rational Decision Making

More Related Content

What's hot

Chapter 3 b decision mking
Chapter 3 b decision mkingChapter 3 b decision mking
Chapter 3 b decision mkingRajat Gupta
 
Cash management workshop english
Cash management workshop englishCash management workshop english
Cash management workshop englishicgfmconference
 
Decision making under condition of risk and uncertainty
Decision making under condition of risk and uncertaintyDecision making under condition of risk and uncertainty
Decision making under condition of risk and uncertaintysapna moodautia
 
Decision making in Management
Decision making in ManagementDecision making in Management
Decision making in ManagementAMALDASKH
 
Management Control
Management ControlManagement Control
Management Controlshyam prasad
 
Valuation Methods
Valuation MethodsValuation Methods
Valuation MethodsFITT
 
Difference between systematic and unsystematic risk
Difference between systematic and unsystematic riskDifference between systematic and unsystematic risk
Difference between systematic and unsystematic riskSOJIBSAMS
 
Decision making environment
Decision making environmentDecision making environment
Decision making environmentshubhamvaghela
 
Chapter 14_The International Financial System
Chapter 14_The International Financial SystemChapter 14_The International Financial System
Chapter 14_The International Financial SystemRusman Mukhlis
 
Negotiable instruments act 1881
Negotiable instruments act 1881Negotiable instruments act 1881
Negotiable instruments act 1881sai precious
 
Money Market and its objectives, importance its Instruments,
Money Market and its objectives, importance its Instruments, Money Market and its objectives, importance its Instruments,
Money Market and its objectives, importance its Instruments, Zain Ali
 

What's hot (20)

Managerial economics
Managerial economicsManagerial economics
Managerial economics
 
Rational decision making model
Rational decision making modelRational decision making model
Rational decision making model
 
Decision making
Decision makingDecision making
Decision making
 
Chapter 3 b decision mking
Chapter 3 b decision mkingChapter 3 b decision mking
Chapter 3 b decision mking
 
Credit management
Credit managementCredit management
Credit management
 
Cash management workshop english
Cash management workshop englishCash management workshop english
Cash management workshop english
 
Decision making under condition of risk and uncertainty
Decision making under condition of risk and uncertaintyDecision making under condition of risk and uncertainty
Decision making under condition of risk and uncertainty
 
Fha Loans Ppt
Fha Loans PptFha Loans Ppt
Fha Loans Ppt
 
Decision making in Management
Decision making in ManagementDecision making in Management
Decision making in Management
 
Management Control
Management ControlManagement Control
Management Control
 
OB ppt.pptx
OB ppt.pptxOB ppt.pptx
OB ppt.pptx
 
Decision making
Decision makingDecision making
Decision making
 
Valuation Methods
Valuation MethodsValuation Methods
Valuation Methods
 
Difference between systematic and unsystematic risk
Difference between systematic and unsystematic riskDifference between systematic and unsystematic risk
Difference between systematic and unsystematic risk
 
Decision making environment
Decision making environmentDecision making environment
Decision making environment
 
Chapter 14_The International Financial System
Chapter 14_The International Financial SystemChapter 14_The International Financial System
Chapter 14_The International Financial System
 
Plastic money
Plastic moneyPlastic money
Plastic money
 
E commerce
E commerceE commerce
E commerce
 
Negotiable instruments act 1881
Negotiable instruments act 1881Negotiable instruments act 1881
Negotiable instruments act 1881
 
Money Market and its objectives, importance its Instruments,
Money Market and its objectives, importance its Instruments, Money Market and its objectives, importance its Instruments,
Money Market and its objectives, importance its Instruments,
 

Viewers also liked

Bounded Rationality
Bounded RationalityBounded Rationality
Bounded Rationalitytutor2u
 
Rationality and Decision-Making
Rationality and Decision-MakingRationality and Decision-Making
Rationality and Decision-MakingRichard Veryard
 
Decision making ppt
Decision making pptDecision making ppt
Decision making pptashgrover
 
Group Decision Making
Group Decision MakingGroup Decision Making
Group Decision MakingIshan Parekh
 
5 Top Tips for Implementing a Successful Safety Culture in Global Organizations
5 Top Tips for Implementing a Successful Safety Culture in Global Organizations5 Top Tips for Implementing a Successful Safety Culture in Global Organizations
5 Top Tips for Implementing a Successful Safety Culture in Global OrganizationsPECB
 
Dicision Making - Business Admintration Class
Dicision Making - Business Admintration ClassDicision Making - Business Admintration Class
Dicision Making - Business Admintration ClassYi-Chi Tang
 
Decision making management chapter 6
Decision making   management chapter 6Decision making   management chapter 6
Decision making management chapter 6Fawad Hussain
 
Decision Making In Management
Decision Making In ManagementDecision Making In Management
Decision Making In ManagementVinesh Pathak
 
Decision Making Process
Decision Making ProcessDecision Making Process
Decision Making ProcessAima Masood
 
Omnipotent and symbolic view of mgt (1)
Omnipotent and symbolic view of mgt (1)Omnipotent and symbolic view of mgt (1)
Omnipotent and symbolic view of mgt (1)Tahir Muhammad
 
Decision Making Process
Decision Making ProcessDecision Making Process
Decision Making ProcessJolene Rennie
 
Organizational culture
Organizational cultureOrganizational culture
Organizational cultureTaufik Bintang
 

Viewers also liked (20)

Decision making
Decision makingDecision making
Decision making
 
Bounded Rationality
Bounded RationalityBounded Rationality
Bounded Rationality
 
Rationality and Decision-Making
Rationality and Decision-MakingRationality and Decision-Making
Rationality and Decision-Making
 
Decision making ppt
Decision making pptDecision making ppt
Decision making ppt
 
Problems in Decision Making
Problems in Decision MakingProblems in Decision Making
Problems in Decision Making
 
Rational decision making in mis
Rational decision making in misRational decision making in mis
Rational decision making in mis
 
Types of decision
Types of decisionTypes of decision
Types of decision
 
Group Decision Making
Group Decision MakingGroup Decision Making
Group Decision Making
 
5 Top Tips for Implementing a Successful Safety Culture in Global Organizations
5 Top Tips for Implementing a Successful Safety Culture in Global Organizations5 Top Tips for Implementing a Successful Safety Culture in Global Organizations
5 Top Tips for Implementing a Successful Safety Culture in Global Organizations
 
Decision making
Decision makingDecision making
Decision making
 
Decision making process
Decision making processDecision making process
Decision making process
 
Dicision Making - Business Admintration Class
Dicision Making - Business Admintration ClassDicision Making - Business Admintration Class
Dicision Making - Business Admintration Class
 
Decision making management chapter 6
Decision making   management chapter 6Decision making   management chapter 6
Decision making management chapter 6
 
Decision making
Decision makingDecision making
Decision making
 
Organizational Culture
Organizational CultureOrganizational Culture
Organizational Culture
 
Decision Making In Management
Decision Making In ManagementDecision Making In Management
Decision Making In Management
 
Decision Making Process
Decision Making ProcessDecision Making Process
Decision Making Process
 
Omnipotent and symbolic view of mgt (1)
Omnipotent and symbolic view of mgt (1)Omnipotent and symbolic view of mgt (1)
Omnipotent and symbolic view of mgt (1)
 
Decision Making Process
Decision Making ProcessDecision Making Process
Decision Making Process
 
Organizational culture
Organizational cultureOrganizational culture
Organizational culture
 

Similar to 02 significance of rational decision making

Decision Making Overview.docx
Decision Making Overview.docxDecision Making Overview.docx
Decision Making Overview.docxYaredYitbarek
 
POLICY-FORMULATION-AND-DECISION-MAKING.pptx
POLICY-FORMULATION-AND-DECISION-MAKING.pptxPOLICY-FORMULATION-AND-DECISION-MAKING.pptx
POLICY-FORMULATION-AND-DECISION-MAKING.pptxIdaMayLaborera
 
OERDoc_732_85315_11_08_2021.pptx
OERDoc_732_85315_11_08_2021.pptxOERDoc_732_85315_11_08_2021.pptx
OERDoc_732_85315_11_08_2021.pptxAmanSharma42151
 
Decision making process
Decision making processDecision making process
Decision making processVikash K Giri
 
How To Make Better Choices
How To Make Better ChoicesHow To Make Better Choices
How To Make Better ChoicesOlivier Serrat
 
Institutional arrangements for national and community level governance of the...
Institutional arrangements for national and community level governance of the...Institutional arrangements for national and community level governance of the...
Institutional arrangements for national and community level governance of the...Tim Cadman
 
CSR Impact Measurement & Management
CSR Impact Measurement & ManagementCSR Impact Measurement & Management
CSR Impact Measurement & ManagementWayne Dunn
 
Decision making in administration
Decision making in administrationDecision making in administration
Decision making in administrationtaratoot
 
decision makinng.pptx
decision makinng.pptxdecision makinng.pptx
decision makinng.pptxYaredYitbarek
 
Sustainable Leadership.pptx
Sustainable Leadership.pptxSustainable Leadership.pptx
Sustainable Leadership.pptxRenuLamba8
 
Decision Making in Management
Decision Making in ManagementDecision Making in Management
Decision Making in ManagementSumit Verma
 
decision making.ppt
decision making.pptdecision making.ppt
decision making.pptRenu Lamba
 
Decision making (referencial learnings)
Decision making (referencial learnings)Decision making (referencial learnings)
Decision making (referencial learnings)Anoop Kumar Sharma
 
Kerry Allen: Lessons for health care from decommissioning of older people’s s...
Kerry Allen: Lessons for health care from decommissioning of older people’s s...Kerry Allen: Lessons for health care from decommissioning of older people’s s...
Kerry Allen: Lessons for health care from decommissioning of older people’s s...Nuffield Trust
 

Similar to 02 significance of rational decision making (20)

Decision Making Overview.docx
Decision Making Overview.docxDecision Making Overview.docx
Decision Making Overview.docx
 
Decision making
Decision makingDecision making
Decision making
 
POLICY-FORMULATION-AND-DECISION-MAKING.pptx
POLICY-FORMULATION-AND-DECISION-MAKING.pptxPOLICY-FORMULATION-AND-DECISION-MAKING.pptx
POLICY-FORMULATION-AND-DECISION-MAKING.pptx
 
OERDoc_732_85315_11_08_2021.pptx
OERDoc_732_85315_11_08_2021.pptxOERDoc_732_85315_11_08_2021.pptx
OERDoc_732_85315_11_08_2021.pptx
 
Decision making process
Decision making processDecision making process
Decision making process
 
How To Make Better Choices
How To Make Better ChoicesHow To Make Better Choices
How To Make Better Choices
 
Institutional arrangements for national and community level governance of the...
Institutional arrangements for national and community level governance of the...Institutional arrangements for national and community level governance of the...
Institutional arrangements for national and community level governance of the...
 
CSR Impact Measurement & Management
CSR Impact Measurement & ManagementCSR Impact Measurement & Management
CSR Impact Measurement & Management
 
Stakeholder management and reporting
Stakeholder management and reportingStakeholder management and reporting
Stakeholder management and reporting
 
Decision making in administration
Decision making in administrationDecision making in administration
Decision making in administration
 
decision makinng.pptx
decision makinng.pptxdecision makinng.pptx
decision makinng.pptx
 
Sustainable Leadership.pptx
Sustainable Leadership.pptxSustainable Leadership.pptx
Sustainable Leadership.pptx
 
Decision making
Decision makingDecision making
Decision making
 
Decision Making in Management
Decision Making in ManagementDecision Making in Management
Decision Making in Management
 
decision making.ppt
decision making.pptdecision making.ppt
decision making.ppt
 
Decision making
Decision makingDecision making
Decision making
 
Policy
PolicyPolicy
Policy
 
Decision making (referencial learnings)
Decision making (referencial learnings)Decision making (referencial learnings)
Decision making (referencial learnings)
 
Kerry Allen: Lessons for health care from decommissioning of older people’s s...
Kerry Allen: Lessons for health care from decommissioning of older people’s s...Kerry Allen: Lessons for health care from decommissioning of older people’s s...
Kerry Allen: Lessons for health care from decommissioning of older people’s s...
 
Making Good Decision.pptx
Making Good Decision.pptxMaking Good Decision.pptx
Making Good Decision.pptx
 

Recently uploaded

Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentInMediaRes1
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
Class 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdfClass 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdfakmcokerachita
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️9953056974 Low Rate Call Girls In Saket, Delhi NCR
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Celine George
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docxPoojaSen20
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxpboyjonauth
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Educationpboyjonauth
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsKarinaGenton
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 

Recently uploaded (20)

TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdfTataKelola dan KamSiber Kecerdasan Buatan v022.pdf
TataKelola dan KamSiber Kecerdasan Buatan v022.pdf
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media Component
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
Class 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdfClass 11 Legal Studies Ch-1 Concept of State .pdf
Class 11 Legal Studies Ch-1 Concept of State .pdf
 
9953330565 Low Rate Call Girls In Rohini Delhi NCR
9953330565 Low Rate Call Girls In Rohini  Delhi NCR9953330565 Low Rate Call Girls In Rohini  Delhi NCR
9953330565 Low Rate Call Girls In Rohini Delhi NCR
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
call girls in Kamla Market (DELHI) 🔝 >༒9953330565🔝 genuine Escort Service 🔝✔️✔️
 
Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1Código Creativo y Arte de Software | Unidad 1
Código Creativo y Arte de Software | Unidad 1
 
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri  Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Bikash Puri  Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Bikash Puri Delhi reach out to us at 🔝9953056974🔝
 
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
Incoming and Outgoing Shipments in 1 STEP Using Odoo 17
 
mini mental status format.docx
mini    mental       status     format.docxmini    mental       status     format.docx
mini mental status format.docx
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
Introduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptxIntroduction to AI in Higher Education_draft.pptx
Introduction to AI in Higher Education_draft.pptx
 
Introduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher EducationIntroduction to ArtificiaI Intelligence in Higher Education
Introduction to ArtificiaI Intelligence in Higher Education
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
Science 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its CharacteristicsScience 7 - LAND and SEA BREEZE and its Characteristics
Science 7 - LAND and SEA BREEZE and its Characteristics
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
 

02 significance of rational decision making

  • 2. Rational Decision Making What is RDM? Rational decision making is a process which helps in taking purposive and consensual decisions based on sound reasoning involving all the stakeholders concerned –Purposive –Consensual process –Involving the stakeholders concerns –Sound reasoning
  • 3. Rational Decision Making Significance for HTs - multiplicity of situations - varying concerns - bearing on the quality and equity - Resolve - Based on policies, processes and principles
  • 4. • Multiplicity of situations – Managing routine; managing MDM; Community interactions (to enquire absentees, dropouts); Attending meetings, trainings, nodal works, union; Addressing needs of special campaigns ( reading campaign in Rajasthan), entertaining visitors. • Varying concerns – Authorities demands; community pressures, Pedagogical issues, student needs, policy and program pressures.
  • 5. • Bearing on the quality and equity – There can be long term implications of certain decisions and striking balance between various concerns can have bearing on the quality of solution and also on equity issues. • Resolve – Decisions need to resolve issues, not postpone or complicate it and so it being ‘sound’ and agreeable to all, is important. • Based on policies, processes and principles – Decisions need to be situated in the framework of above, so that it enjoys acceptance and respect.
  • 6. • Cause • Situation • Personal efficiency (to Analyse & Reflect) • Goals • Information (availability of relevant Info.) • Alternatives (with degree of certainty) • Guiding values, principles and policies • Methodology Elements of Rational Decision Making