Prior to beginning work on this discussion, please read the following required articles: Play the expert in the following scenario and apply ethical principles and professional standards of decision-making to your rationale and actions: Using appropriate citations and references, explain how the empirical research and theoretical models presented in the assigned articles suggest the importance of applying decision-making strategies in one’s own practice. Support your argument with empirical research. Purchase the answer to view it
The application of decision-making strategies in professional practice is essential for ensuring ethical and effective decision-making. Empirical research and theoretical models have shown the significance of using decision-making strategies to make informed choices that are based on sound ethical principles and professional standards.
One empirical study that highlights the importance of decision-making strategies in professional practice is the research conducted by Bazerman and Moore (2013) on the ethical decision-making process. This study explores the factors that influence ethical decision-making and provides insights into decision-making strategies that can aid in ethical decision-making. The results of this study reveal that individuals who actively think about ethical issues and consider multiple perspectives are more likely to make ethically sound decisions. This suggests that the application of decision-making strategies, such as considering ethical principles and weighing the potential consequences of different actions, can enhance ethical decision-making in professional practice.
Furthermore, theoretical models also emphasize the importance of decision-making strategies in professional practice. For instance, the Decision-making Model proposed by Hogarth and Karelaia (2005) provides a framework for understanding and improving decision-making in various professional contexts. This model highlights the role of cognitive processes, such as gathering relevant information, considering alternatives, and evaluating potential outcomes, in making effective decisions. By utilizing decision-making strategies outlined in this model, professionals can enhance the quality of their decision-making and ensure that their actions align with ethical principles and professional standards.
Moreover, the empirical research conducted by Leong and Schnell (2018) on decision-making in a business context further supports the importance of applying decision-making strategies in professional practice. This study investigated how decision-making strategies, such as rational analysis and intuitive decision-making, influence decision outcomes in a business context. The findings suggest that individuals who use rational analysis approach tend to make more accurate and efficient decisions, whereas those who rely on intuitive decision-making may be influenced by biases and make suboptimal choices. This implies that applying decision-making strategies that involve rational analysis can lead to more effective decision-making in professional practice.
In addition to empirical research, ethical theories also provide insights into the importance of decision-making strategies in professional practice. Ethical theories, such as consequentialism and deontology, emphasize the significance of considering the potential consequences of actions and adhering to ethical principles in decision-making. By applying decision-making strategies that align with these ethical theories, professionals can make choices that prioritize the well-being of stakeholders and uphold ethical standards.
The application of decision-making strategies in professional practice not only enhances ethical decision-making but also improves overall decision outcomes. Empirical research conducted by Bolger (2015) on decision-making under uncertainty highlights the impact of decision-making strategies on decision outcomes. This study found that individuals who use systematic decision-making strategies, such as gathering and analyzing relevant information, tend to make more accurate and favorable decisions compared to those who rely on intuition or make decisions impulsively. By applying decision-making strategies that involve systematic analysis, professionals can minimize errors, increase decision accuracy, and achieve more desirable outcomes.
In conclusion, empirical research and theoretical models suggest the importance of applying decision-making strategies in professional practice. Empirical studies have demonstrated that decision-making strategies, such as considering ethical principles, weighing consequences, and utilizing rational analysis, enhance ethical decision-making and improve decision outcomes. Ethical theories further emphasize the significance of decision-making strategies in ensuring ethical practices in professional contexts. By applying decision-making strategies based on empirical research and theoretical models, professionals can make informed choices that prioritize ethical principles and adhere to professional standards.