What are likely consequences if the decision process is incompletely implemented, or marred by poorly designed incentive programs (hint:rational actor paradigm)?

1. Think about a business problem and related decision from your work. Describe it from the perspective of the employer and avoid the pull to perceive this problem strictly from the employee’s point of view. Use your understanding of the rational decision-making process and the decision wheel to analyze the business problem.

2. How do these concepts tie together to form a rational decision process?

3. What are likely consequences if the decision process is incompletely implemented, or marred by poorly designed incentive programs (hint:rational actor paradigm)?

4. Share your perspectives on why rational decision making is such a challenge for businesses and for personal decision making?