Factor Influncing Decision Making in International Management

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Factor Influncing Decision Making in International Management

  1. 1. OutlinesIntroductionWhat is decision making ?Decision making situationTypes of decisionsFactors influence decision makingInternal factorsExternal factorsConclusion
  2. 2. IntroductionEvery day people are posed with options and choices to make.In the many actions and situations that individuals face eachday, decisions have to be made. To some, decision makingseems like a complicated and difficult thing to do.According to studies, a lot of people are poorer in coming upwith decisions than they think. That is why leaders exist totake the role of decision makers for the group ,team &organization. Yet, a good knowledge of the concept of decisionmaking, the skills needed, and some tools or techniques to beused will help in developing sound decisions
  3. 3. Decision Making Decision making is a complex, cognitive processoften defined as choosing a particular course ofaction. Webster’s definition—to “judge orsettle”—is another view of decision making. OR a systematic cognitive process in which theremust be an identification of alternatives.
  4. 4. Decision making situation: The situation in whichdecisions are made. It may be personal ororganizational.Personal decision making: is a familiar part of everydaylife.Organizational decision making: is choosing optionsdirected toward the resolution of organizationalproblems and the achievement of organizational goals.Decision making situation
  5. 5. Organizational strategystressResources (finincial,staff,technology)The CEO’S psychological make-upPolicies and systemOrganizational cultureFactors influence decision makingInternal factors
  6. 6. Factors influence decision makingInternal factorsRoutine versus non routine decisionCritical nature of work.Degree of acceptance and support.Managers personal ability.experience and knowledge .
  7. 7. Factors influence decision makingexternal factorsDecision made by competitorsDecision made by suppliersDecision made by customerLabor marketTechnologyEconomic environment
  8. 8. Factors influence decision makingexternal factorsTrade unionConsumer groupLaws & regulationFinancial marketLocal,national,regional & international politics
  9. 9. EXTERNALFACTORSExternalFactorsThe OrganizationINTERNALFACTOR
  10. 10. jjklljljvckhjPresented By :Prasanna KoiralaFranklin university

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