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Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
Decision making
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Decision making

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Assignment, Principles of Management, BBA-BI 1st semester, Ace Institute of Management

Assignment, Principles of Management, BBA-BI 1st semester, Ace Institute of Management

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  • 1. Copyright© Chhitiz Shrestha
  • 2.  An act of choice Decision making is the process of identifying and choosing alternative courses of action. “Decision making can be regarded as an outcome of mental processes leading to the selection of a course of action among several alternatives.” – wikipedia.com Copyright© Chhitiz Shrestha
  • 3. Types of decision: Types by frequency • Programmed decision • Non-Programmed decision Types by Nature • Operating decision • Tactical decision • Administrative /Strategic decisions Copyright© Chhitiz Shrestha
  • 4.  Autocratic Consultative Group Process Copyright© Chhitiz Shrestha
  • 5.  Certainty Risk Uncertainty Certainty Risk Uncertainty High Low Management control Decision making under Different conditions Copyright© Chhitiz Shrestha
  • 6.  Identifying the problem Generating alternative solutions Evaluating alternatives Making the choice Implementing the decision Evaluating the decision Copyright© Chhitiz Shrestha
  • 7.  Established – 2008 500+ shareholders 11 Board of directors Sections › Account department › Education Department › Legal Advisors › Credit department Copyright© Chhitiz Shrestha
  • 8. › Counseling committee› Market management committee› Chief Executive Officer› Management team› Women empowerment commission Copyright© Chhitiz Shrestha
  • 9.  Remittance service Saving accounts › Normal Saving (Interest rate 7%) › Five Star Saving (interest rate 6.5%) › Fixed Deposit Saving (interest rate 7%-10%) › Social Security Saving (interest rate negotiable) Copyright© Chhitiz Shrestha
  • 10.  By Frequency › Programmed decisions  Carried out by the office authorities, like the General Manager  Involves things like lending money, depositing money and so on. › Non-programmed decisions  Carried out by the top level authorities, like the board members  E.g. creating a branch office, hiring managers, etc. Copyright© Chhitiz Shrestha
  • 11. Copyright© Chhitiz Shrestha
  • 12.  By nature: › Operating Decisions  E.g. Checking inventory level, operational monitoring and distribution level › Tactical Decisions  E.g. Diversification, Investment and expansion › Administrative /Strategic decisions  E.g. Acquiring resources, rules and values of the organization and reward system Copyright© Chhitiz Shrestha
  • 13.  There are six steps to making an effective decision: › Create a constructive environment. › Generate good alternatives. › Explore these alternatives. › Choose the best alternative. › Check your decision. › Communicate your decision, and take action. Copyright© Chhitiz Shrestha
  • 14.  Brainstorming, Queuing theory, Probabilities and payoffs, Copyright© Chhitiz Shrestha
  • 15.  Level of faith and trust increases, Provides initiatives, Diverse alternatives are generated, Builds up team work. Copyright© Chhitiz Shrestha
  • 16.  Group think Copyright© Chhitiz Shrestha
  • 17.  Conflict of ideas May take more time Copyright© Chhitiz Shrestha
  • 18.  5 Star finance company › Special thanks to Mr. Pathak Books Internet › www.google.com › www.wikipedia.com › www.mindtools.com Copyright© Chhitiz Shrestha
  • 19. Copyright© Chhitiz Shrestha
  • 20. Copyright© Chhitiz Shrestha

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