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DECISION MAKING
MENTORING AND VALUE INCULCATION CELL
Definition
Decision & Decision Making
A decision is a choice made between two or more
available alternatives. Decision making is the process of
choosing the best alternative for reaching objectives.
(Samuel C. Certo, 2003)
Decision making can be defined as a process of
choosing between alternatives to achieve a goal. It is the
process by which an individual chooses one alternative
from several to achieve a desired objective.
(Manmohan Prasad, 2003)
MENTORING AND VALUE INCULCATION CELL
Type Of Decisions
• No decision: You let others take decision on your
behalf when the issues involved are not important.
• Snap Decision: You take a quick decision without
thinking about the consequences. When time is a
constraint these decisions are made.
• Responsible Decision: You take a decision
considering others’ views (not only me) and also
your future (not only now). Many important
decisions that you take in your career are
‘responsible decisions’ and you have to learn that
art of making decisions.
MENTORING AND VALUE INCULCATION CELL
Characteristics of decision-making
• Objectives must first be established
• Objectives must be classified and placed in order of importance
• Alternative actions must be developed
• The alternatives must be evaluated against all the objectives
• The alternative that is able to achieve all the objectives is the
tentative decision
• The tentative decision is evaluated for more possible consequences
• The decisive actions are taken, and additional actions are taken to
prevent any adverse consequences from becoming problems and
starting both systems (problem analysis and decision-making) all over
again
• There are steps that are generally followed that result in a decision
model that can be used to determine an optimal production plan
• In a situation featuring conflict, role-playing may be helpful for
predicting decisions to be made by involved parties
MENTORING AND VALUE INCULCATION CELL
DECISION MAKING PROCESS
• Step 1: Identify the decision
• Step 2: Gather relevant information
• Step 3: Identify the alternatives
• Step 4: Weigh the evidence
• Step 5: Choose among alternatives
• Step 6: Take action
• Step 7: Review your decision & its
consequences
MENTORING AND VALUE INCULCATION CELL
Good Reads
Books
• Thinking, fast and slow-Danial kahneman
• Decisive- Dan Heath, Chip Heath
“It’s not hard to make decisions, when you know
what your values are”-Roy Disney
MENTORING AND VALUE INCULCATION CELL
Web Resources
• https://www.ted.com/talks/ruth_chang_how_to_
make_hard_choices?language=en#t-59587
(Watch this TED talk about making hard choices)
• ttps://www.youtube.com/watch?v=z8DN2-SUSgs
(Watch this for tips to improve decision making)
• https://www.mindtools.com/pages/videos/
different steps in decision making- James
Manktelow
MENTORING AND VALUE INCULCATION CELL
THANK YOU
MENTORING AND VALUE INCULCATION CELL

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Decision making

  • 1. DECISION MAKING MENTORING AND VALUE INCULCATION CELL
  • 2. Definition Decision & Decision Making A decision is a choice made between two or more available alternatives. Decision making is the process of choosing the best alternative for reaching objectives. (Samuel C. Certo, 2003) Decision making can be defined as a process of choosing between alternatives to achieve a goal. It is the process by which an individual chooses one alternative from several to achieve a desired objective. (Manmohan Prasad, 2003) MENTORING AND VALUE INCULCATION CELL
  • 3. Type Of Decisions • No decision: You let others take decision on your behalf when the issues involved are not important. • Snap Decision: You take a quick decision without thinking about the consequences. When time is a constraint these decisions are made. • Responsible Decision: You take a decision considering others’ views (not only me) and also your future (not only now). Many important decisions that you take in your career are ‘responsible decisions’ and you have to learn that art of making decisions. MENTORING AND VALUE INCULCATION CELL
  • 4. Characteristics of decision-making • Objectives must first be established • Objectives must be classified and placed in order of importance • Alternative actions must be developed • The alternatives must be evaluated against all the objectives • The alternative that is able to achieve all the objectives is the tentative decision • The tentative decision is evaluated for more possible consequences • The decisive actions are taken, and additional actions are taken to prevent any adverse consequences from becoming problems and starting both systems (problem analysis and decision-making) all over again • There are steps that are generally followed that result in a decision model that can be used to determine an optimal production plan • In a situation featuring conflict, role-playing may be helpful for predicting decisions to be made by involved parties MENTORING AND VALUE INCULCATION CELL
  • 5. DECISION MAKING PROCESS • Step 1: Identify the decision • Step 2: Gather relevant information • Step 3: Identify the alternatives • Step 4: Weigh the evidence • Step 5: Choose among alternatives • Step 6: Take action • Step 7: Review your decision & its consequences MENTORING AND VALUE INCULCATION CELL
  • 6. Good Reads Books • Thinking, fast and slow-Danial kahneman • Decisive- Dan Heath, Chip Heath “It’s not hard to make decisions, when you know what your values are”-Roy Disney MENTORING AND VALUE INCULCATION CELL
  • 7. Web Resources • https://www.ted.com/talks/ruth_chang_how_to_ make_hard_choices?language=en#t-59587 (Watch this TED talk about making hard choices) • ttps://www.youtube.com/watch?v=z8DN2-SUSgs (Watch this for tips to improve decision making) • https://www.mindtools.com/pages/videos/ different steps in decision making- James Manktelow MENTORING AND VALUE INCULCATION CELL
  • 8. THANK YOU MENTORING AND VALUE INCULCATION CELL