decisionmakingprocess

2. Decision Making Process
By
Ponmuthu
S &
Daniel R

3. What is a Decision?
🞇Choice between two or more
alternatives
🞇Ifyou only have one
alternative, you do not have a
decision.

5. Decision Making
🞇“Decision-making involves the
selection of a course of action from
among two or more possible
alternatives in order to arrive at a
solution for a given problem”.
🞇Decision making process is a
consultative affair done by a comity of
professionals to drive better
functioning of any organization

6. Decision Making Process

7. Decision Making Process
🞇The step by step method for taking
decisions
🞇A decision maker should follow these
steps before taking decisions

8. 🞇Define the Problem
🞇Gather facts and develop alternatives
🞇Evaluate Alternatives
🞇Select the best alternative.
🞇Implement the chosen Alternative
🞇Follow up and evaluate the chosen
alternative.
The Decision Making Process

9. Identify The Problem
🞇Problem:
🞇A discrepancy between an existing and
desired state of affairs
🞇Characteristics :
🞇A problem becomes a problem when a
manager becomes aware of it
🞇there is a pressure to solve the problem
🞇the manager must have the authority,
information, or resources needed to solve
the problem.

11. 🞇Decision criteria are factors that are
important ( relevant) to resolving the
problem.
🞇Costs that will be incurred (investment
required).
🞇 Riskslikely to be encountered (chance of
failure).
🞇 Outcomes that are desired ( growth of the
firm).
Identify The Decision Criteria

12. 🞇Decision criteria are not of equal
importance:
🞇Assigning a weight to each item.
🞇 Places the items in the correct
priority order of their importance in
the decision making process.
Allocating Weights to the
Criteria

13. Generate Alternative Solutions
🞇A problem can be solved by
different alternative solutions
🞇Develop alternative solutions
🞇Think on all the alternative possible
solutions

14. Evaluate And Choose Among
Alternative Solutions
🞇Feasibility
🞇Acceptability
🞇Costs
🞇Ethics
🞇Quantitative or qualitative
approaches
🞇Forecast the result

15. 🞇Choosing the best alternative
🞇 The alternative with the highest total
weight is chosen.
🞇The best alternative is the one that
produces the most advantages and
the fewest serious disadvantages.
🞇Sometimes, the optimal solution is a
combination of several alternatives.
Selecting The Alternative

16. Implement And Monitor The
Chosen Solution
🞇Reveals itseffectiveness and significance
in achieving the desired goals
🞇Depends on careful planning and
sensitivity
🞇To ensure that the alternative put into
action is moving towards the objectives
🞇Confirms that the organization goals
have been achieved.

17. 1
2
3
4
5
6
7
8
• Define the Problem,objectives & goals
• Identify The Decision Criteria
• Allocating Weights to the Criteria
• Gather facts and develop alternatives
• Evaluate Alternatives
• Select the best alternative
• Implementing the Alternative
• Evaluate the decision’s effectiveness

18. Decision Making Process
🞇Always continuous & dynamics
🞇Itis not only a process and also a
practice
🞇A good decision maker will be the good
manager
🞇Be a best decision maker.., Be a best
manager

19. Thank You

20. ????