Home ownership and the decision making process

Start Your Research Early As soon as you can, start reading Web sites, newspapers, and magazines that have real estate listings. Make a note of particular homes you are interested in and see how long they stay on the market. Also, note any changes in asking prices.

Home ownership and the decision making process

The two papers discussed here both reflect this trend, and suggest some interesting direct ions for future research. He pointed out that much previous research in consumer behavior had been focused on examining the outcomes of decision-making rather than how families actually reached decisions.

Borrowing an analogy from Spreyhe noted that this was like trying to understand the game of chess by looking at outcomes of the game while ignoring the strategies used by each player.

Following this, a number of studies have been conducted, which focus more specifically on the actual decision-making process. Studies have, for example, been conducted looking at the impact of involvement, empathy and authority in conflict resolving behavior BurnsBurns and Granbois Differences in perceptions of family conflict and modes of conflict resolution among family members have also been examined for a number of products and decision areas Belch, Belch and Scilimpaglia The impact of information processing behavior on household decision-making has also been examined Curry and Menasco Similarity of the decision net plans of husband and wives in purchasing a home have also been compared C.

The two papers discussed here follow essentially this approach: Each is next discussed in more detail. The stated purpose is not to provide a comprehensive model of family decision-making, but rather a structure to identify key research issues in studying the impact of sex-roles on decision-processes and their outcomes.

With this objective in mind, a number of issues arise with regard to the proposed conceptual framework and its components, and also, its implementation.

In the first place, the limitation of the model to the husband-wife dyad and hence, the omission of children is disappointing. This in particularly the case in view of the growing body of research AtkinFiliatrault and RitchieSzybillo and SosanieWard and Wackman which reveal the involvement of children in many family purchase decisions, and their influence on the outcome of these decisions.

Furthermore, support Home ownership and the decision making process children may be evoked in bargaining and negotiating strategies. Secondly, greater attention to the role of the scenario or constraints under which a decision is being made, would appear desirable.

The strategies which are employed to avoid or resolve potential conflict, may depend not only perceptions of desirable ends and means, and individual attitudes of either spouse, but also the time available for making the decision, distraction factors such as interruptions by children, phone calls, pressure to leave for work etc.

Whether discussion is taking place and a decision being made in the house, in a retail outlet, and whether or not others are present, may also influence what tactics are used Burns and Devere Thirdly, in applying this conceptual framework, a key issue is that of the linkages between the various blocks of the model.

The authors cite a number of these in their paper. In addition, questions arise as, for example, whether conflict management can be separated from decision behavior.

If both spouses shop together, potential choice conflicts may be resolved on the spot, by multiple brand purchases or "trade-offs" between different purchases, etc. It has, for example, be questioned as to whether purchases actual] v involve decision-making Olshavsky and Granbois Finally, the development of appropriate operational definitions and measures of the constructs contained in the model appears an important priority in further research.

While work has been done in the development of measures of sex-role norms and lifestyle factors, that in relation to conflict management strategies is considerably more sparse.

Here, appropriate methodological procedures pose a major difficulty, since many of the procedures commonly used in family decision-making research such as verbal self-report measures or laboratory experiments are likely to be subject to bias.

Doubts have been expressed as to whether respondent are aware of, or able to articulate clearly decision-making processes Nisbett and Wilson Verbal responses, or behavior in a laboratory situation may also tend to disguise conflict management procedures and reflect what is perceived as socially desirable, rather than actual behavior patterns.

The Architecture of Ownership - Educational Leadership

This is in marked contrast to the survey approach typical of much consumer-related family decision-making research. This approach appears particularly appropriate where attention is focused on examining the decision-making process and the negotiating and bargaining strategies used by families in arriving at decisions.

Precedent for an experimental approach is also to be found in the family sociology literature KenkelStraus and Tallmanthough to the author's knowledge only one application has been made in consumer research Arndt and Crane As in the case of the Buss and Schaninger Model, the approach might also be strengthened, if it were extended beyond the dyad bargaining situation to multiple person negotiations.

The role of children in family decision-making might then be examined.

Home ownership and the decision making process

Inclusion of outside influences on the negotiation process, as for example, sales-persons, might also be an interesting avenue for investigation. Secondly, as with any experiment conducted in a laboratory setting, the issue of external validity arises.

While the power construct can be explicitly manipulated, the extent to which the task captures the highly complex and dynamic character of family decision-making is open to some question Zelditch In particular, the environment in which the experiment is conducted, may differ significantly -from that typical of much family decision-making.

Decision-making is likely to take place early in the morning before leaving for work or in the evening.

Participation: Decision Making and Employee Ownership

As noted previously, it may be subject to interruptions and distractions by children and others, and may cake place under conditions of time-pressure or when one or both spouses are tired. All of these factors may affect ability or willingness to concentrate on the task at hand, and tactics used in negotiating.

Furthermore, the dynamics of family life may affect decision-making strategies. Decisions may have to be made concurrently, requiring the establishment of priorities. Spouses may not perceive or define problems in the same way Aldous Consequently, negotiation may center on what decision to make or what aspects are relevant, rather than the decision itself.The desire to have a degree of input in decision making almost invariably arises when ownership of a company is broadly shared with employees.

The expectation of a right to participate in decisions is deeply rooted in Western beliefs about ownership, and, by extension, employee-ownership. Decision-making is essentially a process of selecting the best alternative given the available information for comparison of strengths and weaknesses of each alternative.

A national survey, commissioned by Unison Home Ownership Investors and conducted by Atomik Research, highlights the biggest barriers to home ownership. The survey dives into the home purchasing decision-making process to understand barriers of entry, impact on monthly financials and accessibility to additional funds.

The findings reveal that there are significant generational and regional. Financial Information and the Decision-Making Process LearnIng ObjeCtIves After studying this chapter, you should be able to do the following: 1.

Describe the importance of financial information in healthcare organizations. 2. Discuss the uses of financial information. 3. List the users of financial information.

4. The decision making process is a cognitive process that results in the selection of one proposed idea over another. In order for the decision making process to be productive, a .

Home Ownership: Thinking of buying a new home? That means quick decision-making, less hassle, and fewer headaches.

To get started, check out the helpful information below: you may need a larger down payment and a higher credit score than you might for a single-family home. The overall loan approval process may be more lenient or.

10 Steps to Buying a House - Home Buying Process