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Rational Decision Making Techniques in Companies

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State assumptions and how they were validated and discuss any biases which may come to bear on the decision and how they were resolved. This paper is based on the Honda company with the rational decision making technique using a pro vs. cons approach for deciding on whether or not to start a business in the island of Kava. (Business scenario).

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When it comes to assumptions and decision making the important aspect is to put all assumptions out on the table. In other words, everyone that is partaking in the decision making process should be operating under the same assumptions. Assumptions ...

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This solution discusses rational decision making techniques in companies.