Search for two (2) scholarly journal articles about business decision-making models on two different databases provided by the UFS library. Once you have found the articles, please share the following for each article:

 Name of article and database used to find the article
 List and explain the relevant models the author identified in the article about decision-making.

1 answer

Unfortunately, as an AI language model, I do not have access to specific databases or the ability to conduct real-time searches. Thus, I cannot provide you with the exact names of articles from the UFS library or list and explain the relevant models identified in those articles. However, I can provide you with a general understanding of common decision-making models used in business:

1. Rational Decision-Making Model: This model assumes that individuals engage in a rational decision-making process based on careful evaluation of alternatives, consideration of consequences, and evaluation of their preferences. It involves gathering information, identifying the problem, generating alternatives, evaluating options, making a choice, and implementing and reviewing the decision.

2. Bounded Rationality Model: Proposed by Herbert Simon, this model suggests that while people strive for rationality, their decision-making is limited by cognitive limitations, time constraints, and the complexity of the situation. The decision-maker uses heuristics or rules of thumb to simplify the decision-making process and aims for a satisfactory solution rather than an optimal one.

3. Intuitive Decision-Making Model: This model highlights the role of intuition or gut feeling in decision-making. It suggests that decision-makers rely on their expertise and experience to quickly identify patterns and make decisions based on intuition rather than extensive analysis. Intuitive decision-making is often used in situations with high uncertainty or time pressure.

4. Incremental Decision-Making Model: This model proposes that decision-making is an ongoing process where decisions are made incrementally, gradually adapting and adjusting based on feedback and environmental changes. Rather than solving a problem in one decisive action, decisions are made in small steps over time.

To find scholarly journal articles about business decision-making models in the UFS library, you can visit their library website and access their databases or search tools. Common academic databases used for business research include ProQuest, EBSCOhost, JSTOR, and ScienceDirect. By using relevant keywords such as "business decision-making models" or specific models like "rational decision-making" or "bounded rationality," you can search for articles that discuss these topics.