Factor Influncing Decision Making in  International Management
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Factor Influncing Decision Making in International Management

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Factor Influncing Decision Making in  International Management Factor Influncing Decision Making in International Management Presentation Transcript

  • OutlinesIntroductionWhat is decision making ?Decision making situationTypes of decisionsFactors influence decision makingInternal factorsExternal factorsConclusion
  • 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
  • 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.
  • 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
  • Organizational strategystressResources (finincial,staff,technology)The CEO’S psychological make-upPolicies and systemOrganizational cultureFactors influence decision makingInternal factors
  • Factors influence decision makingInternal factorsRoutine versus non routine decisionCritical nature of work.Degree of acceptance and support.Managers personal ability.experience and knowledge .
  • Factors influence decision makingexternal factorsDecision made by competitorsDecision made by suppliersDecision made by customerLabor marketTechnologyEconomic environment
  • Factors influence decision makingexternal factorsTrade unionConsumer groupLaws & regulationFinancial marketLocal,national,regional & international politics
  • EXTERNALFACTORSExternalFactorsThe OrganizationINTERNALFACTOR
  • jjklljljvckhjPresented By :Prasanna KoiralaFranklin university