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2. What is Decision Making ?
• Decision Making can be regarded as the judgemental
process resulting in the selection of a course of actions
• When tying to make a good decision , a person must
weight the positives and negatives of each option, and
consider all the alternatives.
3.
4. Decision Making Process
1 •Recognise need for a decision
2 •Frame the problem
3 •Generate & assess alternatives
4 •Choose among alternatives
5 •Implement chosen alternative
6 •Learn from feedback
7. Type of Decision Making
• 1. Programmed and non-
programmed decisions
• 2. Routine and strategic decisions
• 3. Tactical (Policy) and operational
decision
• 4. Organisational and personal
decisions
• 5. Major and minor decisions
• 6. Individual and group decisions
8. Importance of Decision Making
• Better utilisation of resources
• Business Growth
• Achieving objectives
• Increasing Efficiency
• Facilitates innovation
• Motivates Employees
• Solving problem in Management
• Teamwork
10. Six C’s of Decision Making
• Construct
• Compile
• Collection
• Compare
• Consider
• Commit.
11. Good Decision
means Good
Business
Business decision making is
regarded as a very important part
of an organization, no matter
whether it is a small sized or
medium or a large business.
