6 Processes In Decision Making

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  • + zeuch Andreas Zeuch 8 months ago
    Siddharth - it seems you have missed something: Human decisions are NOT based in rationality, only. There is no thing like the proclaimed 'Homo Oeconomicus'...
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6 Processes In Decision Making - Presentation Transcript

  1. 6 processes in decision making Six processes in decision making is a reasonable decision making. Mainly it is based on assessing and comparing different types of alternatives. Logical or reasonable decision making processes are illustrated as chronological, linear procedures. There are some steps to follow. Each step should be completed before you go to the next one. The following are the six major steps in decision making process. ♦ Describe the circumstances and the preferred result ♦ Explore and recognize options ♦ Evaluate and distinguish each option and its consequences ♦ Formulate a decision? Select an option ♦ Decide and execute an action plan ♦ Estimate outcome Uses: These six processes are used in some organizations. Conventional moral decision making process can be very difficult. These complicated processes have been reduced to a simple six step process so that all the workers can be authorized to take decisions apposite to their status and liability. Moreover the same step is also used in schools to educate the students how to make an effective decisions. Merits: Describing a state and explaining the necessary result can go a long way towards enhancing a condition. It is essential irrespective of the kind of decision making process. Exploring the entire alternatives raise the number of facts in the system. This frequently grants rise to alternatives formerly not measured or may even make choices in regard to other dissimilar decisions. Demerits: Sometimes these six steps may become waste of energy and time if there is over concentration to facts in exploring alternatives. If it directs to a holdup in decision making, there can be useless chances and unnoticed opportunities. Occasionally viewpoints and ideas are mistaken for particulars with unnecessary consequences. Hunt for the finest alternative rather than a useful one may signify even more time wasted, resolutions not being taken and lost chances.

+ Siddharth NathSiddharth Nath, 9 months ago

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6 Processes In Decision Making

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