...Principles of individual decision - making paper Developing professional knowledge and abilities can impact career success. Companies today require a minimum educational level for any job. Acquiring a degree in today’s society opens a vast array of opportunities in addition, to giving individuals an upper hand in many situations. Knowledge consists of facts and ideas that have been acquired by study, investigation, observation, or experience. In today’s society, Professional knowledge is just as important for the professional field as it is for personal use. Association of Professional Community Managers (APCM) is an organization of special interest. Working in Property Management it necessary to interact and meet new people outside my normal work environment. “For more than 30 years, APCM has been the leader in providing education and resources to the volunteer homeowners who govern community associations and the professionals who support them” (Community Association Institute, 2010). The above-mentioned organization contributes to increasing personal knowledge and abilities in the following ways: online training, monthly seminars, continuing education, conferences, and books. Our brains are like sponges the more “we” take in, the more we learn. These are critical tools that I believe need to be used effectively to improve my knowledge. I have found from speaking with others individuals within my company that this organization has an amazing group of individuals...
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...Decision of Uncertainty Paper As a health care establishment, it is easy to become caught up in the day- to- day tasks at hand without addressing the needs or concerns of the patients. With the change in the economy and the reasons for the emergency room being utilized, it is important to take a moment to see how the flow of the delivery of services can be confined to smooth transitions. This paper will include appropriate probability concepts, rationale, statistical analysis, and a decision tailored to research studies specific to the thesis statement, question response types, and classification of our findings. Thesis Question "Does the emergency room get utilized more by a particular race and is there a reason for this occurrence?" Appropriate Probability Concepts and Your Application of Them to Find Resulting Data To Limit the Uncertainty of this Decision Probability theory is an important part of statistical theory that bridges descriptive and inferential statistics. It is the science of uncertainty, chance or likelihood (Cooper & Schindler, 2008). There are three kinds of probability; classical, empirical and subjective. In this instance, we will focus on a mixture of empirical probability which is based on past experiences and subjective probability which a probability is assigned to an event based upon whatever evidence is available. A closer look will be taken at the records of the patients treated by the emergency care team...
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...A Decision of Uncertainty A Decision of Uncertainty Paper There are decisions that people make where the outcome is presumably known and, there are the decisions that people make where the results are unknown. The latter part of the aforementioned statement is also known as decisions of uncertainty. To make these choices with more confidence, we will explore concepts that will formulate these judgments. We also have to include appropriate probability concepts that will help limit uncertainty in certain decisions. This paper will disclose the decision to reside in the tri-state area with the probability of destructive hurricanes occurring. Next this paper will reveal concepts and the outcome from the statistical analysis that was used to determine the final decision and, the tradeoffs between accuracy and precision required by various probability concepts. As a final point, this paper will demonstrate the effects the decision had on the data provided and the decision that was ultimately made. Probability Concepts and Application Hurricane Sandy hit Atlantic City, New Jersey on October 29, 2012. A 900-mile wide storm, Sandy affected the entire northeastern United States with devastating winds, rain and floods. New Jersey and New York suffered the worst from the super storm leaving thousands of people without power for days. People living in this area were not prepared or expected the storm to devastate the area as it did leaving homes and personal...
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...Christopher Rendon May 8, 2015 Decision- Making Process Paper XMGT/230 About 2 years ago after quitting my job in Miami, My father called me and said that there was plenty of work up north in New Jersey where I was born. Since I was currently unemployed and my savings were slowly disappearing, I decided to move up. I did not really approach it as a life changing decision, but it ended up being that. I wish I would have known the stages of decision making that were discussed in the readings, I would have taken more time and thought things through much better if I had these tools. My first approach should have been to understand the current state, and determine what would be the desired state as explained in Ch. 3. I needed to find out if my dad’s current offer was as good as my old jobs, or was it better. I also had to ask myself if I could find a better job just staying in Miami. Instead of asking myself the proper questions, I made the decision strictly because of fear of not finding work quick enough in Miami. Another problem with my original strategy was that I did not leave myself many options. I made it seem that going to New Jersey was my only way of finding and keeping a job. It was a job doing contract work in residential areas, so it was not as if the job was boring. I liked the fact that I would be working with my dad getting paid good money, but I still should have looked for other custom made solutions that would not require so much change. Making the choice...
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...comfortably. We then decided to use a family friend who was realtor and could help us out in the process. We had set aside money for the down payment, and we had told her realistically how much we could afford. We had known that my credit was going to have a negative impact on getting a loan, so we used my partners’ credit to avoid the negative impact. On our days off we would schedule viewing homes, meeting with the realtor, and the lender. Once we had found the home we wanted to purchase, items we were unprepared for started to arise. The decision making process followed some of the steps in chapter three of the text (Bateman, 2011). We had planned on how things would be once we purchased our home. We knew that we would be closer to family, our son would have a better upbringing, and that we would be happier. We took what we thought were the appropriate steps in purchasing our home. When you do not have enough knowledge in the decision you are about to make, complications usually arise. Because this was our first time purchasing a home we did not realize there were additional costs up front such as the additional closing cost on top of the down payment, which put us in a position of having to borrow money from my parents. What I also did not realize is the expense to maintain a home, the work load involved to maintain it, or the implications that could arise. We were also unaware that to re-sell our home for some profit, we would have...
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...me a ticket. After that I realized I needed to change, within the next couple weeks I went down to my local Navy recruiter and signed the next 4 years of my life to my country. I realized that if I didn’t change the way my life was going I would of constantly been getting into trouble. I started to think about joining either the Army or Navy. After discussing it over with my mom we decided I should join the Navy because we didn’t like the idea of me going to Iraq or Afghanistan. I went to the recruiter and signed my contract and to this day it was the best decision of my life. My decision was actually very similar to the decision making steps. I realized that I had an problem that needed to be solved. I then thought about my options and made my decision to join the Navy. After I made my mind up the last steps were the easiest. I didn’t know that back then but I pretty much covered everything I needed to in making my decision the right way. The only thing I think I could of changed was taking a little more time to think my options over, but in the end I don’t...
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...Technology and Decision-Making Paper Allie Timbo Health Care Informatics HCS482 November 8, 2010 Richard Ong, MBA, FACHE Technology and Decision-Making Paper More than ever before, information technology is helping clinicians and health care systems improve the collection and management of data along with the ability to aid in decision–making for clinical and business issues. Information technology has led to significant improvements in quality of care, patient safety, and communication between clinicians. The key to information technology and decision-making is to develop relationships between information technology and the users to make effective decisions. Systems that support decision-making assist the user’s ability to make short and long-term decisions by providing information to make decisions concerning particular situations. Health care informatics “incorporates theories from information, science, computer science, and cognitive sciences” (Englebardt & Nelson, 2002, p. 5). Health care informatics specialists use theories, and the Data, Information, and Knowledge (DIK) Model to guide their practice, which in turn supports clinical practice and optimizes health care delivery. Systems and Informatics Theories Theories are useful in several ways. Theories form a reference point for information technology and users. Without theories users would spend time condensing information and data from empirical sources. According to John Holmes, chairperson of the American...
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...Decision-Making Process Decision - Making Process When relocating to another state, they are many factors to consider before planning the move. The first thing is finding a good location to live. The second thing is making sure the employed members of the family find new jobs. The last factor is finding local education sites for students traveling with the family. Working in the military for over twenty-one years I had to move many times. Housing, employment, and education are the main key factors that I considered during a decision-making process. Traveling to a new state can be a hassle to relocate many things in a short amount of time. Searching for a new home is the first step before planning the move for my family. The following question needs to be asked before purchasing a new house. “Is this the season when people buy houses?” I rarely find people buying a new home during the winter, so it is important to find something available before hand. The cost of living in the state is also another factor to consider. Is it “too pricey” or should I go with something cheaper like an apartment. The location of where I choose to live will affect many job and transportation choices. Finding new jobs available for my family members and their field at the new location can be hard at times. Depending on where you are moving to, the availability of your job can be either high or low. It is in your best interest to choose a job nearby your new house. If that option is impossible,...
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...Decision Making Process Paper Your Name Date MGT230 Instructors Name Decision Making Process Paper Upon completion of my Associates of Arts degree program in business I was unsure what I should do next. I wondered if I should continue my education with the hope of having a better chance at getting a good career one day, and if so, should I continue at the same college. I didn’t know it at the time, but I used the first step in the decision making process and recognized “that a problem exists and must be solved" (Bateman, T. S., & Snell, S. A.,2011). The problem was that I needed to figure out what exactly I wanted to do with my life in terms of a career, and should I continue in school and which school should I attend. I decided that my best chance would be to continue my education in hope of finding a better career. I spoke with my aunt who is an accountant, and she encouraged me to specify my area of business because more degrees in business would be too general. From there, I decided that it would be better to focus on accounting since accountants make decent money and everyone needs an accountant. After about a six month break from school during which I had more time to think about my next move, I began to research various other local universities to see if they had an accounting program and how much it would cost me including tuition, material, room and board, etc. I didn’t realize it, but I was “generating alternative solutions,” the second step...
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...Decision-Making Process Paper MGT/230 Ashley Turner August 15th, 2012 Scott Romeo University of Phoenix DECISION MAKING PROCESS PAPER Decision making is a cognitive process resulting in a final choice. The process is a part of an individual’s everyday life. There are several factors that influence why individuals make the decision they do. The paper will describe each step of the decision making process. How similar self-decision are to the ones described in the text and how that decision could have been different if you had used the same steps included in the text. Decision making is the process in which companies organize a business. The right decisions reflect leadership There are numerous factors that influence decision making. Significant ones like past experiences factors include, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance. These concept all impact the decision making process. (DIETRICH, 2010).The decisions to go to school for me was difficult .I had to overlook all the positives and negatives before I made my decision. First I thought about how going to school could better my future. How it could impact my relationship with my family and how going to school could affect my time. Even though I wanted to go to school my past experiences in high school effected my decision to go sooner. I believed that school would better my chances...
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...Approaches to Decision Making Paper xxxxxxxx May 12, 2013 HCA/250 xxxxxxxxxx Approaches to Decision Making Paper A health care organization is experiencing increased costs for staffing and overhead. Management must determine how to reduce costs without compromising patient care and safety. This paper will explore rational decision-making and bounded rationality, two decision-making approaches that the health care organization can use for determining how to reduce costs. This paper will also explain why making a group decision is better than a decision by an individual, as well as list the advantages and disadvantages of group decision-making. According to Robbins, DeCenzo, and Coulter there are three decision-making approaches. These three approaches are rational decision-making, bounded rationality, and intuitive decision-making. In order for management of the health care organization to determine how to reduce costs they can use rationality or bounded rationality. Making a rational decision requires complete knowledge of the problem, all possible solutions, and the consequences of each solution. The decision maker must use logic and objectivity to determine which solution option will achieve the company’s goal. Rational decision-making will be challenging for the managers because it is unrealistic to analyze every detail of each solution option and the associated risks of each. Using bounded rationality will...
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...Decision Making Process Paper Tiffany Camphouse November 21, 2011 MGT 230 A time in my life that I had to make a personal decision was when I decided to move. I had a pretty good job, but the rest of my family was moving away, and I did not want to be the only one left there. I had been working at my job for just over a year, and had just recently found out that I was pregnant for the first time. My boyfriend and I had our own place, but neither one of us had a vehicle. With my family planning to move out of state I was forced to make a decision. I had to decide if I was going to move closer to my job, or quit my job and move closer to my boyfriend’s parents, or move back to the place that I was born and raised for most of my life. The first thing that I did when I found out that I was going to have to move was talk to my boyfriend. He said that he didn’t know what we should do, but he didn’t want to move to the town that was close to my job. He felt that the town was too small, and the fact that we did not know anyone there was the other reason. The next thing that we did was talk about who’s parents we were going to move with. I wanted to move with my parents, because I was seven months pregnant and wanted to be with my mom to have the baby. He was torn because he had never been more than a few hours away from his mom, but he thought it would be cool to see some place new. After about three weeks of discussing our options we came to an agreement on moving...
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...Decision-Making Process Paper Management Theory and Practice, MGT/230 September 30, 2013 Decision-Making Process Paper Every day, individuals are faced with some of the hardest decision making processes. Over the years, Marvenia have worked for several companies that have provided her family with a roof over their heads and several other things to be grateful for. In 2009, she was faced with an opportunity to take a position with another company that offered her a better pay increase, lifelong benefits including 401k, paid vacation time, holiday pay, pension and much more. On her current job at the time, she was working part -time making minimum wage with no benefits. This paper will speak about a job changing decision Marvenia had to make to improve herself as well as her family. The Process The first step she had to make was to identify the problem. The problem was that the company whom she was currently working for was not paying enough money to provide for her children. Second, her current job only offered benefits to the full-time employees and she was only a part-time employee who made her ineligible for company benefits. The second and third step did not meet any of her needs at the time, so she went to the fourth step. The fourth step was to make a final decision. So she decided to go along with the job opportunity that was best fit for her and her children. She chose to work for the company who provided a better living opportunity as well as benefits needed...
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...Decision-Making Process Paper Dameka Ford MGT/230 April 21, 2015 Ronald Sprague Decision-Making Process Paper I choose to speak on enrolling in school. I’ve had many decisions in my life to make, but this by far has been the hardest of all. The Problem with enrolling in school is, I took my age for one, and also I wanted to make sure I would be dedicated to my studies, Make sure that this decision was best for my future, and to make sure that the financial side would be cover, After looking at all the problems That I thought I had, I began to Generate alternative solutions for my problems. First, my age shouldn’t be a discouragement, when you have elderly people as old as 103 years of age still in school, to receive their diploma or degree. Second, I wanted to make sure that my time was dedicated to this, I’ve had to start and stop school before because I wasn’t given many options on way to keep my education going, I have a fulltime job as a care giver, I also have a small candle business, and currently a fulltime student. Third, It’s easy to take courses, but if this doesn’t relate to any of your plans for the future, then to me you would be wasting your time, And last but not least the Financial side of it, It’s costly to attend college. If you can get financial aid, please do any kind of help you can get would really be helpful. Meanwhile, my to do list was short and I then had to make the choices for my life. Before, attending UOP. I attended National College of...
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...Decision Making Process Paper A huge decision I had to make in my life was the decision to buy another home and move to the state of Washington. I had previously purchased a home in the state of Oregon and was underwater so to speak on it. For me, the uncertainty and risk were the biggest decisions for me to face. The housing market was in a downward spiral and had my own decision making process to go through. Does homeownership, with its ongoing responsibilities, suit your lifestyle? According to "Realtor.com" (2012), you are ready to buy a home if you have a steady income that can be documented, have saved enough money for a down payment, will be able to pay other bills while keeping your mortgage payments current and are prepared to keep the home for at least five years” (para. 7). I struggled to decide if these were things I would be able to do, and the decision making process for me was answering each of these questions carefully and thoughtfully. The decision making process can be different depending on how you approach it. In the course textbook, the decision making process involves six steps; Identifying and diagnosing the problem, generating alternative solutions, evaluating alternatives, making the choice, implementing the decision, and evaluating the decision. (Bateman & Snell, 2011). If I was to use this process to make a decision to buy a house, I would identify that the problem was deciding whether to make the life altering decision to buy a house. I would determine...
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