Decision Making Prepared by: Ms. Neetu Kushwaha Research Scholar

1. DECISION
MAKING

2. 2
Introduction
Decision Making means selecting a course of action out
alternative courses to solve a problem. Unless there is a problem,
there is no decision making.
Decision making & problem solving are inter-related.
It is a process through which managers identify
organizational problems & solve them.
Decision Making is “selection of a course of action from among
alternatives, it is the core of planning.” – Koontz & Weihrich

3. -The process of planning involves decision making regarding organizational
objectives and ways to achieve the objectives.
-Both decision making and planning require value judgement, creativity &
innovative thinking by managers.
- Plans & Decisions are related to achievements of goals
- Planning & Decision Making are continuous & pervasive process. Managers
perform them at all level.
- Efficiency of planning is largely determined by the efficiency of decisions.
Good decisions leads to good plans & vice-versa.

4. 4
- Managers plan and decide for every situation- risk,
certainty & uncertainty.
- Decision making & planning are based on forecasts &
assumptions about
environmental factors.

5. “
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-Goal Oriented
-Managerial Function
- Process of Choice
-Basis for problem solving
-Pervasive process
-Dynamic in nature
-Continuous process
- Intellectual process

6. Process of Decision Making
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Identify the problems
Diagnose the problem
Establish Goal
Collect Information
Generate Alternative
Evaluate Alternative
Select Alternative
Implement the Alternative
Monitor the Implementation

7. Thanking
You!!
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