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Decision making by salman

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Presentation II

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Decision making by salman

  1. 1. Principle of management Decision Making
  2. 2. • IDENTIFYING THE PROBLEMIDENTIFYING THE PROBLEM • IDENTIFYING THE DECISION CRITERIAIDENTIFYING THE DECISION CRITERIA • ALLOCATING THE WEIGHT TO CRITERIAALLOCATING THE WEIGHT TO CRITERIA • DEVELOPING ALTERNATIVESDEVELOPING ALTERNATIVES • ANALYZING ALTERNATIVEANALYZING ALTERNATIVE • SELECTING AN ALTERNATIVESELECTING AN ALTERNATIVE • IMPLEMENTING THE ALTERNATIVEIMPLEMENTING THE ALTERNATIVE • EVALUATING THE DECISIONS EFFECTIVENESSEVALUATING THE DECISIONS EFFECTIVENESS Copyright © 2010 Pearson Education, Inc. Publishing as Prentice HallCopyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall
  3. 3. Step 3: Allocating Weights to the Criteria • 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.
  4. 4. Step 5: Analyzing AlternativesStep 5: Analyzing Alternatives • Appraising each alternative’s strengths and weaknesses  An alternative’s appraisal is based on its ability to resolve the issues identified in steps 2 and 3.
  5. 5. Step 7: Implementing the AlternativeStep 7: Implementing the Alternative • Putting the chosen alternative into action.  Conveying the decision to and gaining commitment from those who will carry out the decision.
  6. 6. DECISIONS IN THE MANAGEMENTDECISIONS IN THE MANAGEMENT FUNCTIONSFUNCTIONS
  7. 7. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice HallCopyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 6–6–1717

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