Reference no: EM13367506

Rational choice incompeting values and heuristics models

Your manager, Mr. Myers, has just received an e-mail from the board of directors informing him that he has the responsibility of creating your next assignment for the promotion. Because Mr. Myers is behind on his work around the office, he gives you the assignment of preparing a memo for the next staff meeting. He explains to you that the memo should be sent out to all the employees prior to the staff meeting, and it should include a description of your experience using the 3 decision-making models (rational choice, competing values, and judgment heuristics). He also explains that the memo should outline the complexity of the 3 decision-making models.

The 3 decision-making models are as follows:

Rational choice
Competing values
Judgment heuristics

You must submit a memo consisting of 900-1,300 words in which you discuss your experience using the 3 decision-making models.

You must address the following in your memo:

Discuss in detail the rational choice model.
Discuss in detail the competing values model.
Discuss in detail the judgment heuristics model.
Explain your experience using the rational choice model.
Explain your experience using the competing values model.
Explain your experience using the judgment heuristics model.

Assess the relevance of each of these approaches to specific decisions. Apply each of the three models to complex business decisions.