The Rational Decision Making Paradigm - 1514 Words

1. (a) Did Rohrtech’s Board use the rational decision-making paradigm at the end of the case when it decided to replace Devine with O’Grady as COO? Support your answer with facts from the case and a thorough knowledge of the rational decision-making paradigm. Rohrtech’s Board did effectively use rational decision-making paradigm at the end of the case when they decided to replace Devine with O’Grady as chief operating officer. The decision does not appear to be taken with much thought but the best solution was definitely not found. The rational decision-making paradigm cannot easily be applied to reality because people cannot be perfectly rational (McShane, Steen, Tasa, 2015). The Rational Choice Decision-Making Process outlines a†¦show more content†¦Given the circumstances the decision of removing Devine as Chief Operating Officer is an extreme and should have resulted as a last option. Training could have been an option or personally speaki ng to the managers as to why they do not want to work with Devine. The fifth step is to implement the selected choice, which in fact was implemented right away by the board without any prior thought put into this impactful decision. The last step is to evaluate the selected choice. Although Devine was given a project to work on after his position was taken away, he was later terminated. It is not rational in any way to first demote the Chief Operating Officer and then later have them terminated. The board does not know entirely what is going on day to day between managers and subordinates, so they make decision based on the information presented to them. In this case it is obvious that all the issues were only addressed from the managers, Weston, and O’Grady’s point of view. There was no importance given to Devine’s perspective, which is unjust. 2. Use 2 theories, models and/or concepts from Chapters 2, 3 and 4 that help to explain O’Grady’s behavior toward Devine. Organizational commitment is a theory that can help explain O’Grady’s behaviour towards Devine. This theory focuses on an employee’s emotional attachment to an organization, reflecting their behavior within that organization. â€Å"Affective commitment is aShow MoreRelatedAnalysis Of The Article The Dating Game Killer 1069 Words   |  5 Pagesout that, â€Å"The Classical Paradigm, during the middle of the eighteenth century, founded by Cesare Beccaria a utilitarian philosopher who embraced the belief that human beings are rational, calculating, and hedonistic beings. With the decline of the Classical paradigm, when the focus of rationality lead to the focus on science. A new paradigm emerged, a Neoclassical Paradigm: Rational Choice Perspective (Paternoster Bachman, 2001, p. 23). The theoretical approach to rational choice begins with theRead MoreOrganisational Behaviour Ch71499 Words   |  6 PagesCHAPTER 7 DECISION MAKING AND CREATIVITY Describe the six stages in the rational choice decision process Decision making: the conscious process of making choices among alternatives with the intention of moving toward some desired state of affairs. Rational choice paradigm of decision making: the view in decision making that people should and typically do, use logic and all available information to choose the alternative with the highest value. Decision making involves identifying, selecting andRead MorePredicting Preferences1636 Words   |  7 PagesPredicting Preferences Prediction involves making a statement concerning the likely value of an event or action uncertain or unknown at the time of the statement. Since the theory of probability, (inaugurated by the French mathematicians Blaise Pascal and Pierre Fermat in 1654), was developed to quantify uncertain events in terms of their likelihood of occurrence, formal prediction is now viewed as a mathematical topic involving probabilistic modeling. Indeed, the mathematician Karl Pearson saidRead MoreThe Ethics Of An Ethical Leader1251 Words   |  6 PagesHave an understanding of the organizational culture while making sure everyone is treated with dignity and respect regardless of their backgrounds. Making sure the organization is in compliance and following the company’s code of ethics. Lastly, making clear to those they lead that ethics is a day-to-day business and the way that we should operate professionally and personally. What impediments do leaders encounter in making ethical decisions? In the readings entitled â€Å"Bounded Ethicality as a PsychologicalRead MoreRationalist vs. Behavioralist Paradigms1998 Words   |  8 Pagesbusiness paradigms? Within the business disciplines, we are fortunate to have two major paradigms (schools of thought): rationalist and behavioralist. An ideological/theoretical conflict has existed between the two paradigms for over 50 years. Is human decision behavior more consistent with the rationalist models or behavioralist models? Behavioral finance has grown out of this conflict and will likely result in the resolution of the conflict as time passes. What is a paradigm? ThomasRead MoreOrganizational Paradigm2960 Words   |  12 PagesOrganizational Paradigms Introduction The purpose of this paper is to compare and contrast the three predominant organizational paradigms; rational, natural and open systems. Each paradigm has its own unique characteristics and understanding these paradigms can best be understood through real-life examples of the paradigms in use. Before the paradigms are described and related, the term organization and organizational theory must be defined. Definitions Applying a specific definitionRead MoreThe Theory Narrative Paradigm 1696 Words   |  7 PagesThe theory â€Å"Narrative Paradigm† by Fisher focuses on the use of narration as one of the human communication mechanisms. His publication or article which he wrote in 1985 was supported by several people as one of the wonderful and great works done in the 21st century. Fisher’s narrative has been a valued concept starting from the period of Aristotle’s poetics. Fisher came up with narrative paradigm as retaliation to the conflict that he saw in Epistemology and Axiology. In his remarks the theory ofRead MoreCriminology Theories and Capital Crimes1182 Words   |  5 Pagespsychological or sociological theory (Lynch, n.d.). Classical, Routine Activity, and Rational Choice Theories: The classical theory of crime was introduced by legal authorities in Europe who believed that criminal behavior or crime itself was a product of supernatural forces. This school of thought basically revolves around evolving from a capital punishment perspective to more humane means of punishing criminals. Therefore, decisions to break the law in classical criminology are evaluated and measured againstRead MoreRational Choice Theory : Theories Of Political, Social, And Economic Sciences1467 Words   |  6 PagesFor nearly half a century rational choice theory (RCT) has dominated analyses of political, social, and economic sciences. Due to the theory’s objectivity and systematic predictability, rational choice is able to provide a comforting procedure to studying the decision-making process. However to truly gauge how and why actors make decisions, a more diversified and complex degree of emotions and behaviors must also be analyzed. Despite our efforts to prove the contrary, a ctors are human, thereforeRead MoreThe Rational Decision Making Process1630 Words   |  7 PagesA rational decision implies that a qualitative and considered thought process was undertaken in order to reach an optimal outcome. Although there are defined rules that add structure to the rational decision making process (Tripathi PNP 2007; Williams, McWilliams 2013), according to contingency theory and with respect to the rationality paradigm, there are limits to which an optimal outcome is realised (Morgan 1986, p. 167; Schoonhoven 1981, p. 352). External factors such as government, customers