Making a Decision: An Analysis of Framing Issues

$19.95

Add to cart
Essay #: 052655
Total text length is 7,763 characters (approximately 5.4 pages).

Excerpts from the Paper

The beginning:
Making a Decision: An Analysis of Framing Issues
ABSTRACT: Managers in large industrial corporations find themselves confronted by the need to make complex decisions on regular basis. Given limited resources, the importance of a right first decision can be critical. The concept of “framing” a decision can be an important one both for the analysis of past decisions and in the projection of future decisions yet to be made. A brief analysis of a theoretical decision making process shows that the act of framing a decision is not one that should be oversimplified. We show that in the workplace environment, managers who study the role of framing in their own decision making process will have the tools to improve the quality of their decisions.
*...
The end:
.....f approach is fair to both salesperson and client? These are questions that have no definitive answer but must be taken into account by the affected parties (Rhoads, 2004). In the workplace environment, managers who study the role of framing in their own decision making process will have the tools to improve the quality of their choices if they are used wisely.
References
Rhoads, K. (2004). Working psychology. Retrieved 14 June 2009 from: http://www.workingpsychology.com/index.html.
Sewell, Martin (2008). “Framing.” Behavioural Finance.net. Retrieved 14 June 2009 from: http://framing.behaviouralfinance.net.
Straker, D. (2006). Framing. ChangingMinds.org. Retrieved 14 June 2009 from: http://changingminds.org/techniques/general/reframing.htm.