The document outlines a six part process for decision making: 1) identify the problem, 2) develop alternatives solutions, 3) evaluate each alternative through a cost-benefit analysis, 4) select the best alternative, 5) implement the selected alternative, and 6) provide feedback on the outcome. Key steps include properly identifying the real problem, creatively generating multiple alternative solutions, thoroughly analyzing each alternative, and ensuring effective implementation of the chosen alternative to solve the problem.
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decision making process
1.
2. THERE IS SIX PART IN DECISION MAKING PROCESS
1. Identification of problem
2. Development of alternatives
3. Evaluation of each alternative
4. Selection of best alternative.
5. Implementation of selected alternative
6. Feedback.
3. 1)IDENTIFICATION OF PROBLEM
• Decisions are made to solve particular problem. The quality of decision is
dependent on proper identification of problem. Hence, sufficient care should
be taken in identifying a particular problem because sometimes a problem
may be apparent and not a real one.
2)Development of alternatives
• There can be more than one solution of one problem. After identifying
problem, several alternatives should be developed to resolve the problem.
It is a creative and generic exercise. The basket of alternative solution can
be developed through divergent fluency of thinking and innovative ideas.
4. 3)EVALUATION OF EACH ALTERNATIVE
AND SELECTION OF BEST ALTERNATIVE
• Here cost-benefit analysis of all the alternatives has to be done. For every
alternative qualitative and quantitative cost and benefit are considered. On
basis of this the best alternative is selected having minimum cost and
maximum benefit. This is done through comparative analysis. Sufficient
analysis is done before arriving at selection of final alternative because a
decision once taken cannot be reversed.
5. 4)IMPLEMENTATION OF SELECTED ALTERNATIVE
• The implementation of chosen alternative is made in such a way
which results into problem solution. Effectiveness of
implementation is dependent on factors like quality of decision,
cost of decision, resources required and behaviour of persons
who are guiding forces in decision process.