The document discusses management techniques and decision making. It describes management techniques as systematic methods used by managers for decision making, planning, and control. The techniques operate in a continuous cycle of gathering data, analyzing problems, setting objectives, identifying actions, building models, and weighing costs versus performance to enable corrective action and improvement. Decision making is defined as the process of choosing a course of action from alternatives, and involves defining problems, analyzing alternatives, selecting the best solution, implementing it, and ensuring feedback.

2. systematic and analytic methods
used by managers to assist in
decision-making, the improvement
of effectiveness and, in a particular,
the conduct of two key managerial
activities of planning and control

3. Operate by means of continuous cycle of:
gathering and analyzing
factual data,
formulating problems,
selecting objectives,
identifying courses of action,

4. Operate by means of continuous cycle of:
building new models,
weighing cost against performance
to point the way to corrective
action and improvements.

5. :
Consist of specified and often
sequential methods of tackling
problem, providing information
for decision-making or improving
operational efficiency.

7. By concentrating on facts, by
subjecting these facts to
systematic analysis, and by
quantifying this analysis, wherever
possible, management techniques
help managers to be objective.

8. is the process of defining
problems and choosing
course of action from
among alternatives.
It is particularly at the core
of the planning function of

9. Decision making implies choice
Continuous activity/process
Mental/intellectual activity
Goal oriented process
Relates to specific problem

10. Time-consuming activity
Needs effective communication
Pervasive process
Responsible job

12. 1. Defining the problem.
2. Analyzing the problem.
3. Developing alternative solutions.
4. Selecting the best solution out of
the available alternatives.
5. Converting the decision into action
6. Ensuring feedback for follow-up.

14. Thank you!