(Mt) – SEU Business Environment Decision Making Process Discussion

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View attached explanation and answer. Let me know if you have any questions.This should be everything. Let me know if there are any issues. Thanks!TitleStudent NameInstitution NamePart IQuestion 1Article Review“11 Myths About Decision-Making” by Cheryl Strauss Einhorn, April 20, 202111 Myths About Decision-Making (hbr.org)Starting with “I like to be efficient” to “I trust my gut” to “I can make a rationaldecision” we have various deep-rooted and counter-productive mythologies we bank onwhile making decisions. This article outlines those myths affiliated with the decision-makingprocess. Below are brief discussions on the myths.“I like to be efficient.” Many people have the wrong notion that making fast decisionswould guarantee them efficiency. However, efficiency is driven by the clarity of the problemwe are trying to solve. If we rush the process, we are likely to regret the resulting decisions.“I’m too busy; I don’t have time to give to this decision.” Avoiding a decision thatneeds to be made could potentially come back and haunt one later. It is very important tosolve a problem when it arises since it will help it to go away faster.“I just need to solve this problem at this moment.” Attempting to solve an issueinstantly without viewing it broadly may lead one to resolve an unintended matter or evensolve it incompletely.“This is my decision alone; I don’t need to involve others.” It is important to involveother people so that we can identify how the issue at hand affects them to ensure that thedecision being made will completely resolve the matter.“I know I’m right; I just want data or an opinion to confirm my own thinking.” Tomake informed decisions, it is advisable to look for other alternatives rather than confiningoneself to a pre-meditated line of thinking. By evaluating the available solutions, one canarrive at the best.“I trust my gut.” It is always advisable to welcome other ideas in order to make usefuldecisions that would effectively solve the issues at hand.“Decision-making is linear.” The decision-making process requires a response circle.We may need to revisit some of the decisions made earlier so that we can come up with bettersolutions.“I can pull my ideas together well in my head.” Trying to keep everything in ourminds is not reliable as we may be distracted by a lot of things. It is therefore important tonote down every step of the decision-making process to ensure there are no missing pieces.“I have all the information I need.” It is very important to supplement what we havewith research to make concise decisions that are free from any doubts.“I can make a rational decision.” In as much as we may think that we can makecoherent decisions, it is clear that most of our decisions are influenced by our pastexperiences and emotions.“There’s just one way to do this.” It is important to consider other proposals as theymay offer better solutions to our problems.These myths point out three critical points that are unfavorable to us: First, we are toobusy and opt to spend the shortest time to make decisions. Secondly, being normal humans,we think that we can handle thorny and critical issues in our heads. Lastly, we think that wedo not need to involve others while making decisions since it should be confidential.All these are misleading thoughts that harm our ability to think clearly and analyzeissues. We need to understand that we are humans but not computers and need time to makedecisions. Hence, we need to hold on and take our time to view our problems broadly andcome up with well-thought-out decisions.Question 2The myths mentioned help us a lot in reflecting on our decision-making traits and ourconsideration to think twice before thinking itself. The first myth about efficiency, tells us tobe clear about what we are resolving or creating before making the decision. Thinking toofast is likely to make our decisions to be influenced by the wrong reasons, which we mayregret later. For instance, we…

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