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Bank decision making models and styles

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For a bank organization, discuss decision making models/styles:

Consider the most favorable aspects of each style to describe a process by which a problem can be identified and described to stakeholders in a manner that is sensitive to their perspectives.

It doesn't have to be to in depth but enough so that we can compare/contrast the modes and explain the bullet point above.

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Solution Summary

Discusses how a bank's decision making model is one that contains a group and has the rational model. This solution further elaborates upon what the rational model is used and implemented.

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A bank's decision making model is one that contains a group and has the rational model. The rational model assumes that in every decision-making within the bank, a group of people are involved and amongst them in making the decision, follow a structured four-step sequence: problem identification, generating of alternative solutions, solution selection and implementing and evaluation of the solution. The rational decision making model is most favorable for a banking institution since it involves more than one individual, thus bringing together people who are qualified and knowledgeable ...

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