This essay focuses on decision-making perspectives. This example of a decision-making context that includes multiple perspectives
However, not all safety features are created equal and can have different performance attributes and are therefore suited for different purposes and different types of situations. For example, the use of seat belts is often called for when there is another danger inherent in the ride of the motorcycle. In that situation the decision is whether to have the seat belts worn or not and the decision maker decides on whether the risk of an accident is worth it to reduce the likelihood of that danger occurring by wearing the seat belts.
context that includes multiple perspectives on the risk is a classic dilemma. The choice of the appropriate decision-makers perspective when the decision-making context is involving several decision-making perspectives is a critical element in making good decisions. However, the ‘‘alternative’’ decision maker’s decisions do not automatically represent best decisions. The best decision may be one in which all relevant information is known..
objectives are also different for different communities or organizations. The objectives for an individual company, industry or community are not necessarily the same. While each organization is unique, the same organization can have similar objectives and objectives for different communities. As noted above, the network of means may be one element or another of organizational objectives that is integrated within a firm. To understand this, consider a firm which has a market for a certain product. Because the market is large enough that competitors may enter the market, the firm may set up competing companies to compete against its services, making it competitive on a per unit basis (Clark & Watson, 2016).
Achieving the Rule of Law-A Fundamental Objective, Both for the Philosophy of Law and for Social Philosophy (Part I). Cogito-Multidisciplinary research Journal, (4), 7-12.
Clark, L. A., & Watson, D. (2016). Constructing validity: Basic issues in objective scale development.
Masumben Raval – Saturday, 10 July 2021, 9:38 PM
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Before a Decision maker makes decision, it is very crucial for him/her to have a clear vision about the plan and vision. While, they also have clarified objectives about the process and expected outcomes. Means objective and fundamental objective are essential to review. Fundamental objectives
as a hierarchy process while mean objectives work within a network. It helps to understand and predict possible outcome. Fundamental objectives help to achieve goals while mean objectives helps fundamental objectives to get the better result. Since we know that each one has their own benefits, it is vital to differentiate them. Usually fundamental objectives are seen in hierarchy while mean objectives have networking. We focus on coming up with attribute scale that measure fundamental objective achievements to get better idea about the significance forthcoming
toward establishment of goals. It is very important for the decision maker to have a detailed assessment about their mean objectives as it helps to know fundamental objectives better. In other words, mean objectives nature is to identify fundamental objectives to achieve goals while on other hand fundamental objectives helps to find any consequences to avoid any delay in the process or lessen the chances of failure (Huynh, C. H., Simon, J. 2016).
Huynh, C. H., & Simon, J. (2016). Using Means Objectives to Present Risk Information. Decision Analysis, 13(2), 117–127.