Eternal and Internal Factors That Influence the Decision-Making, a Dec Term Paper

Essays on Eternal and Internal Factors That Influence the Decision-Making, a Decision Matrix Term Paper The paper â€Å"Eternal and Internal Factors That Influence the Decision-Making, a Decision Matrix† is an impressive example of a term paper on management. On a daily basis, people are faced with decisions some of which are small while others are big. However, people arrive at their decisions in different ways depending on various factors. Some of the factors that influence decision making include internal and external influences. The decision-making process is also faced with many competing forces. For example, a decision on the type of accommodation to go for can be determined by many factors such as security, cost of buying versus the cost of renting, accessibility and social amenities among others.Factors that impact decision makingInternal influencesOne of the internal factors that affect decision making is an individual’s perception. Perception is a process by which individuals organize and interpret their cognitive impressions to apply the meaning to their enviro nment. Every individual has a perception of what reality is and not what is reality itself. These individuals also base their behavior on those perceptions because the world that they perceive is behaviorally important to them. Perception is influenced by the attitudes, interests, experiences, and expectations of the perceiver, the target and the situation in terms of time, social situation and work setting. Attribution Theory explains the perception that when individuals observe a certain behavior, they personally try to determine whether that behavior is internally or externally caused. Internally caused behavior is one under the personal control of the individual while externally caused where the outside forces force one to behave in a particular manner (Schkade Johnson, p220).Another internal influence of decision making is learning. Learning involves the use of concepts that have been taught either at home by the parents or in school by the teachers. As we grow up, these two p eople influence how we do so many things. One can, therefore, make a decision depending on what was taught to him or her by the teacher or the parents. For example, a decision that may involve considering the costs, one may use economic concepts taught by the teachers to reach a certain economically effective decision. One can also learn from what the parents have done in the past. For example on making a decision on accommodation, one can consider how the parents went about and if it worked well, the same decision can also be adopted (Hess, Queen, Patterson, p35).The other internal influence on decision making is motivation. Motivation is explained by expectancy theory that a person may decide to act in a certain manner because they are motivated to select that behavior over others because of the results they expect to form that behavior. In other words, motivation to make a certain decision is influenced by the expected outcomes (Deci, p110). Therefore decision making based on mo tivation focuses on the expected results. For example when making a decision on acquiring accommodation, one may consider the accruing benefits of fore example buying a house or renting it. Benefits such as good infrastructure, security, and financial gains may be some of the outcomes that may drive one into making a decision of buying a house rather than renting.