Decision-making is an important skill that all employees need. Proper decision-making techniques can help guarantee you handle problems in the best manner possible and implement solutions with little risk. There are several possible methods you can use when making a decision. In this article, we discuss what is decision making, explain the four primary methods of doing so and list the proper steps on how to find a solution.
2. AGENDA
• Decision Making
• Definition
• Characteristics of Decision Making
• Principle of Decision Making
• Types of Decision Making
• Process of Decision Making
• successful Strategies for Decision Making
3. Decision Making
•One of the function of management is Decision-making
•Decision may be rational or irrational
•Best decision making is necessary for effective
functioning of management
DEFINITION
• Manely H. Jones: it is the solution selected after examining several
alternatives chosen by George.
• R Terry: Decision-making is the selection based on some criteria from
two or more possible alternatives
4. Characteristics of Decision Making
•From various courses of action, it is a process of
choosing a particular course of action.
•It is a human process which involves the
application intellectual abilities.
•It is a rational process which is proceeded by
deliberation and reasoning.
•It may also be called as end process.
5. Principle of Decision Making
•From various courses of action, it is a process of choosing a
particular course of action.
•It is a human process which involves the application intellectual
abilities.
•It is a rational process which is proceeded by deliberation and
reasoning.
•It may also be called as end process.
•It is always related to situation in which a manager may take one
decision in a particular set of circumstances and another in a
different set of circumstances.
•This involves certain specific purpose in which these may just be
decisions not to decide.
6. Types of Decision Making
• Business Decision making: includes decisions that are made that determine
business or organization outcomes.
• Personal decision-making: Has the decisions that determine who we are as
individuals and the outcomes we create for ourselves and others with which
we have relationships. This category includes what is sometimes referred to
as life decisions. Image of consumer definition
• Consumer decision making: consists of choices that determine our
effectiveness in purchase decisions that occur in either a personal or business
context. In this case, the consumer (entity) can be an individual or a person
within a business.
8. •Building extensive networks of individuals and groups who
could provide them with resources
•Searching the nursing, hospital and business literature
•Communicating regularly and repeatedly about decision
activities to organization members
•Directing the majority of their time and energy towards the
accomplishment of their plan.
Successful Strategies For Making
Process
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T H A N K Y O U
“You cannot make progress without making
decisions.”