Decision Making

Decision Making

Abstract
Discusses how values and decision making change over time. Points out the definitions to ‘value’ and ‘decision making’ as applies to this paper. Discusses being a business owner and the decision making that is a major part of the business. Also discusses decision making on a personal level.


















The Ways in Which Values
Affect Decision Making
Personal, organizational and cultural values all have some sort of affect on our decision making in our personal and professional lives. Personal, organizational and cultural values also change as time passes, so it would follow that our decision making in our personal and professional lives change as a result. While not always true, this does happen to most people.
While looking back over past decisions, a number of decisions that were made then would be made differently now. The expression, “hindsight is 20/20,” is an expression that very easily translates to the way that values change and decision making changes along with them. The meaning of that is, if the same information or experience that has been gained was available in the past, the decision that was made then would most likely have been made differently.
By defining “value” and “decision making” you have a place to start.
value   To acknowledge some feature of things as a value is to take it into account in decision making, or in other words   to be inclined to advance it as a consideration in influencing choice and guiding oneself and others. (The Oxford Dictionary of Philosophy, 1996)
decision making n.   The act or process of choosing a preferred option or course of action from a set of alternatives. It precedes and underpins almost all deliberate or voluntary behavior. (A Dictionary of Psychology, 2006)
From these two definitions, the discussion on how values affect decision making can continue.
All three of these values intertwine on a daily basis with both personal and professional...