The Decision Making Process

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  • + raufiazam raufiazam 1 week ago
    I'm a teacher in Pakistan. This ppt is just wonderfull and provides great stuff to explain complex decision making stuff. I would like to show this to my (MBA) students and so would be obliged if you could mail me this ppt at rauf.i.azam@gmail.com
  • + eurekka eurekka 1 month ago
    hello can you send me this slide to my email
    la_yesha@yahoo.com
  • + soton73 soton73 4 months ago
    would you please send me a copy at
    soton73@yahoo.com
  • + navirawat navirawat 4 months ago
    Excellent piece of work..can you please mail me the same.

    navirawat@gmail.com
  • + T_Beg T_Beg 4 months ago
    Excellent presentation. Would you please forward me a copy to 'T_Beg@yahoo.com'.

    Regards
    Tanzim
  • + rabboni rabboni 4 months ago
    May I request a copy of this presentation through my email: rabboni_contreras@yahoo.com. This is very helpful.

    Thanks,
    Rabboni
  • + Wrap Gourmet Wrap 4 months ago
    Would you please send this to me at: yunibni@yahoo.co.id
    Thanks a lot ;)
  • + focusontee focusontee 4 months ago
    Pls send a copy to casey880@streamyx.com

    I want to show my CEO and ask him to engage you as our 2009 Management Convention speaker.
    Pls e mail now .
    TQ
  • + cinaknecht Carina Forsman knecht 5 months ago
    Good! Could I have a copy to my account cknecht@attglobal.net
  • + mdmubeen mdmubeen 5 months ago
    hi, its nice, but unable to download, can anyone send me this presentation to my email id msg4mubeen@yahoo.com

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The Decision Making Process - Presentation Transcript

  1. The Decision-Making Process
  2. You can download this presentation at: www.cleverpresentations.com Please visit www.cleverpresentations.com for more presentations on marketing, strategy and case solution
  3. Decision
    • A choice from two or more alternative
  4. Decision-Making Process
    • A set of eight steps including identifying a problem, selecting an alternative, and evaluating the decision’s effectiveness
  5. Problem
    • A discrepancy between an existing and a desired state of affairs
  6. The Decision-Making Process Identification of a Problem Identification of Decision Criteria Allocation of Weights to Criteria Development of Alternatives Analysis of Alternatives Selection of an Alternatives Implementation of the Alternatives Evaluation of Decision Effectiveness
  7. Making Decisions: Rationally
    • rational decision-making:
    • Describe choices that are consistent and value maximizing within specified constraints.
  8. Making Decisions: Bounded Rationality
    • bounded rationality decision-making:
    • Behavior that is rational within the parameters of a simplified decision-making process, which is limited (or bounded) by an individual’s ability to process information.
  9. Making Decisions
    • intuition decision-making:
    • a subconscious process of making decision on the basis of experience and accumulated judgment.
  10. Decision Making Styles
    • Directive Style
    • A decision making style characterized by low tolerance for ambiguity and a rational way of thinking.
      • They’re efficient and logical
      • Directive types makes fast decisions and focus on the short run
  11. Decision Making Styles
    • Analytical Style
    • A decision making style characterized by a high tolerance a high tolerance ambiguity and a rational way of thinking.
      • They want more information before making decision and consider more alternatives
  12. Decision Making Styles
    • Conceptual Style
    • A decision making style characterized by a high tolerance for ambiguity and an intuitive way of thinking.
      • Very broad in the their outlook and will look at many alternatives
      • They focus on the long run and very good at finding creative solutions to problem
  13. Decision Making Styles
    • Behavioral Style
    • A decision making style characterized by a high tolerance a low tolerance ambiguity and an intuitive way of thinking.
      • They’re concerned about the achievements of subordinates and are receptive to suggestion from others
  14. Overview of Managerial Decision Making
    • Decision Making Approach
    • Rationality
    • Bounded Rationality
    • Intuition
    • Decision Making Styles
    • Directive
    • Analytical
    • Conceptual
    • Behavioral
    • Decision
    • Choosing best alternative
    • Implementing
    • Evaluating
    • Types of Problems and Decisions
    • Well structured-programmed
    • Poorly structured-non programmed
    • Decision Making Conditions
    • Certainty
    • Risk
    • Uncertainty
    Decision Making Process
  15. Thank You

+ Adhirock Adhirock , 2 years ago

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