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Essay text:
I am very aware and extremely regretful that my decision was subjective rather than objective. I assure you that my future decision making processes will result in greater success for this company.
I have researched successful decision making theories that I plan on utilizing. There are three theories that I plan to utilize when making business decisions for this company. They are as follows: Multiattribution Utility Theory (MAUT), prospect theory, and the satisficing theory.
The MAUT theory will be beneficial in weighing out the strengths and weaknesses of employees prior to promoting them. Some of the strengths that are important to review are: performance appraisals, team player, organizational skills, time management, leadership, attention to detail, and professional development...
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