RATIONAL DECISION-MAKING For a Brighter Future—For the Love of the World This book shows you—through examples and application exercises—how to make rational decisions that will make you more productive. Based on the modern philosophy of Systems-Thinking, the book presents a well-defined path to living a productive life: making rational choices that will help you meet your long-term goals and fulfill your obligations to others. To assist you, the book provides tools and concepts you can use to set your objectives, identify and weigh the options, and evaluate the expected benefits. And the many thought-provoking, real-life situations will show you how to craft strategic initiatives—whether in individual, group, organizational, or public policy decisions.
What people are saying - Write a review
We haven't found any reviews in the usual places.
achieve Agglication Exercise assets bakery business system capacity capital Chapter commercial wealth common conﬂict consider consumers consumption decisions costs course of action Decision Cycle decision situation decision type decision-making deﬁne deﬁnition demand economic entities effective and efﬁcient ethics factors of production feelings Figure ﬁnd ﬁrms ﬁrst ﬁve free market system fulﬁll fundamental objectives global greater whole hierarchy of objectives human Hurricane Katrina identiﬁed identify implicit costs incentive increase individuals inﬂuence input integrity investment decisions investors layers of context learning manage measure mission Modern Rational Model Noorani opportunity costs optimization options organizations ourselves outcome output parties potential private sector production decisions proﬁts public policy decisions purchase quantity rational decisions rational path rationale reality relationships risks sacriﬁce self-sustaining systems signiﬁcant social wealth sovereignty speciﬁc store of value strategy survival and growth systemic solutions trade value chain World Trade Organization