Decision Making

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Decision making..Organising..

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Decision Making

  1. 1. Presentation on Decision making & Organising
  2. 2. Decision making Decision making is an essential part of the every function of management . It is a process of selection of a particular action out of various alternatives. “ No business can survive without decision making.” Whatever a manager does , he does through decision making. - By Peter Drucker
  3. 3. Decision making process <ul><li>Identifying the problem </li></ul><ul><li>Analyzing the problem </li></ul><ul><li>Developing alternative solution </li></ul><ul><li>Weighing alternative solution </li></ul><ul><li>Choosing the best solution </li></ul><ul><li>Implementing and verifying the decision </li></ul>
  4. 4. Policies Policies are not simple statements , they have certain purpose behind them. They are the guidelines on the general limits within which the members of an enterprise act.
  5. 5. Types of Policies <ul><li>Originated policies </li></ul><ul><li>Traditional policies </li></ul><ul><li>Policy by flat </li></ul><ul><li>Externally imposed policies </li></ul>
  6. 6. Principles for the formulation of Policies <ul><li>Policies should aim at contributing to the achievement of enterprise objectives </li></ul><ul><li>Policies should be definite and in writing </li></ul><ul><li>Policies should be flexible and stable </li></ul><ul><li>Lower level policies should be derived from high level policies </li></ul><ul><li>Policies should be fair and equitable </li></ul><ul><li>Policies should be periodically reviewed and modified </li></ul>
  7. 7. Strategies <ul><li>Strategies are the major part of an organization for the achievement of its objectives in an uncertain and competitive environment. Strategy may be defined as any decision or behaviour which , after taking into account the probable or actual actions , policies and strategies of competitors , suppliers , government , trade unions is aimed at achieving organizational goals. </li></ul><ul><li>For example: </li></ul><ul><li>Marketing strategy </li></ul><ul><li>Personnel strategy </li></ul><ul><li>Union relations strategy </li></ul>
  8. 8. Types of strategies <ul><li>External Economic strategies </li></ul><ul><li>External Social strategies </li></ul><ul><li>Internal Organizational strategies </li></ul>
  9. 9. Organising After the objectives of the enterprise have been determined, the next logical step in the managerial process is organising .
  10. 10. Elements of organising <ul><li>Determination of specific activities required for the implementation of plans and policies leading to the accomplishment of pre-determined goals. </li></ul><ul><li>Logical regrouping of these activities into jobs , and regrouping of jobs into functions and departments so as to create effective inter-relationships and coordination among them. </li></ul><ul><li>Assignment of jobs to specific people and positions. </li></ul><ul><li>Linking them through a network of authority-responsibility relationships. </li></ul>
  11. 11. The End

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