Decision-making models are used as a method and process to fulfill the following objectives: These models help the team to plan the process and the agenda for each decision-making meeting, and the understanding of the process and collaborative approach helps in achieving the support of the team members for the final decision to ensure commitment for the same.
Moreover, the rational choice theory revolves around the idea that every individual attempt to maximize their own personal happiness or satisfaction gained from a good or service.
This basic idea leads to the “rational” decision model, which is often used in the decision-making process.
He felt that management decision-making behavior could be described as follows: In cognitive neuroscience, decision-making refers to the cognitive process of evaluating a number of possibilities and selecting the most appropriate thereof in order to further a specific goal or task.
This faculty is a fundamental component of executive functions, although recent studies show that a complex brain network is involved including motor areas.