What is rational decisions?

Rational decisions are choices based on rationality, that is, on a rational mode of thinking. Rational decision making assumes that decisions are made in the best interests of the organization on the basis of data collection and analysis, along with evaluation of alternatives. The classical decision theory assumes that decision makers are objective, have complete information and see all possible choices and other consequences before choosing the optimal answer.

 The traditional approach to understanding individual decision making is based upon the classical decision theory and the rational model. The rational model assumes that decision making is and should be a rational process, lying of a chronological succession of steps that raise the probability of achieving a desired result. Key steps in the decision-making process start typically with a definition of the problem structuring and decision criteria is the important factors and requirements may be developed to direct the selection of an alternative solution.

 After identifying the decision criteria, the next step is deciding which criteria are more or less important. Once the problem and attributes of a desirable solution have been formulated, the alternative (options/choices) solutions are generated and identified. Information is gathered about possible alternatives which can then be measured utilizing the decision criteria in order to calculate the optimal conclusion. Although decision making seems simple, nevertheless, to insure that the decision made is the excellent way, it must be rational. Of course, this implies the ending has to be founded on facts, opinions and reasonable grounds. 

Systematic evaluations have to be taken in of the entire process of decision making .All in all, making a rational decision can be seen as a systematic procedure of fixing problems, passing judgment, decision alternatives and choosing the best alternative decisions available.beside that Mintzberg (1989) felt that decision making was possibly the most important of all of the managerial activities.