ITRODUCTION TO DECISION MAKING
Dr. Akhlas Ahmed
Preston University
MBA Class, Lecture # 01
June 21st
2014
DECESION MAKING…
 Please write a one sentence definition of
decision making.
DECESION MAKING…
 The process of examining your possibilities
options, comparing them, and choosing a
course of action.
DECESION MAKING…
Be sure you are right ----then go ahead: Davy Crocket
MAKING EFFECTIVE DECISIONS…
 Factors that may effect on effective decision
 Goals
 Perception
 Priority
 Values
 Acc...
GOALS
PERCEPTION
PRIORITY
VALUES
ACCEPTABILITY
DEMANDS
RISK
STYLE
RESOURCES
JUDGEMENT
SIX C’s OF DECESION MAKING
1. Construct
2. Compile
3. Collect
4. Compare
5. Consider
6. Commit
CONSTRUCT…
Construct a clear picture of precisely what
must be decided
COMPILE…
Compile a list of requirements that must be
met.
COLLECT…
Collect information on alternatives that meet
the requirements.
COMPARE…
Compare alternatives that meet the
requirements.
CONSIDER…
Consider the “what might go wrong” factor
with each alternative.
COMMIT…
Commit to a decision and follow through with
it.
INHERENT PERSONAL TRAPS…
1. Trying too hard to play it safe.
2. Letting fears and biases tilt your thinking
and analysis.
...
INHERENT SYSTEM TRAPS…
1. Willing to begin with too little, inaccurate,
or wrong information.
2. Overlook viable alternati...
DECESION MAKING IN MANAGEMENT…
RECOMMENDED TEXT BOOKS
Making Management Decisions
by Cooke and Slack:
Prentice Hall International
Thanks
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Introduction to Decision Making

  1. 1. ITRODUCTION TO DECISION MAKING Dr. Akhlas Ahmed Preston University MBA Class, Lecture # 01 June 21st 2014
  2. 2. DECESION MAKING…  Please write a one sentence definition of decision making.
  3. 3. DECESION MAKING…  The process of examining your possibilities options, comparing them, and choosing a course of action.
  4. 4. DECESION MAKING… Be sure you are right ----then go ahead: Davy Crocket
  5. 5. MAKING EFFECTIVE DECISIONS…  Factors that may effect on effective decision  Goals  Perception  Priority  Values  Acceptability  Demands  Risk  Style  Resources  Judgment
  6. 6. GOALS
  7. 7. PERCEPTION
  8. 8. PRIORITY
  9. 9. VALUES
  10. 10. ACCEPTABILITY
  11. 11. DEMANDS
  12. 12. RISK
  13. 13. STYLE
  14. 14. RESOURCES
  15. 15. JUDGEMENT
  16. 16. SIX C’s OF DECESION MAKING 1. Construct 2. Compile 3. Collect 4. Compare 5. Consider 6. Commit
  17. 17. CONSTRUCT… Construct a clear picture of precisely what must be decided
  18. 18. COMPILE… Compile a list of requirements that must be met.
  19. 19. COLLECT… Collect information on alternatives that meet the requirements.
  20. 20. COMPARE… Compare alternatives that meet the requirements.
  21. 21. CONSIDER… Consider the “what might go wrong” factor with each alternative.
  22. 22. COMMIT… Commit to a decision and follow through with it.
  23. 23. INHERENT PERSONAL TRAPS… 1. Trying too hard to play it safe. 2. Letting fears and biases tilt your thinking and analysis. 3. Getting lost in the minutia can cause trouble. 4. Craving for unanimous approval. 5. Trying to make decisions which are outside your realm of authority.
  24. 24. INHERENT SYSTEM TRAPS… 1. Willing to begin with too little, inaccurate, or wrong information. 2. Overlook viable alternatives or waste time considering alternatives which have no realistic prospects. 3. Not following the six C’s 4. Failure to clearly define the results you expect to achieve. 5. Worst of all, failure to reach a decision.
  25. 25. DECESION MAKING IN MANAGEMENT…
  26. 26. RECOMMENDED TEXT BOOKS Making Management Decisions by Cooke and Slack: Prentice Hall International
  27. 27. Thanks
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