Decision Making Process

1. Decision
Making.......????
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•
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2. What is decision?
A decision is one when there are different
things you can do and you pick one of
them. You make lots of
decisions everyday!

3. Some decisions are easy
like.......
What to eat in
breakfast????

4. What to
wear????

5. Some decisions are difficult
like.......
Choosing a

6. Choosing good
friends

7. Select the job or do
business

8. Importances of Decision
making in management
Decision making is a daily activity for any human being. When it comes to
business organizations, decision making is a habit and a process as well.
Effective and successful decisions make profit to the company and unsuccessful
ones make losses. Therefore, corporate decision making process is the most
critical process in any organization. In dynamic environment if company does not
initiate to adopt the change then then competitor takes at position. Some
examples of decision-making in management:
1. DECISION-MAKING IN HUMAN RESOURCES
2. DECISION-MAKING IN PRODUCTION
3. DECISION-MAKING IN MARKETING
4. DECISION-MAKING IN CLIENT SERVICING
5. DECISION-MAKING IN TECHNOLOGY

9. Businesses that failed to
adapt Effective decision in
right time
1. Blockbuster- former provider of movies and video game rental services. The
rise of Netflix and on-demand streaming meant that Blockbuster’s business
model needed to change, but unfortunately Blockbuster didn’t change with the
times by adopting a trend which cause to be downfall.
2. Blackberry – it was market leader in the mobile. The iPhone. Blackberry
ignored touch screen based technology, and Apple started to dominate the
mobile market.
3. Kodak- Kodak was the market leader in photographic film and they didn’t
developed the digital camera then Kodak’s competitor takes at position.
4. Sears- Sears was the largest retailer in America an then when Walmart took
over. and even e-Commerce giants Amazon, continued to grow, Sears did
nothing to gain it position back.

10. Steps of Decision
Making-

11. Step 1:Identification of the purpose of
the decision
•What exactly is the problem?
•Why the problem should be solved?
•Does the problem have a deadline or a specific time-line?

12. Step 2:Information gathering
There can be dozens of factors involved and For the process of information gathering,
tools such as 'Check Sheets' can be effectively used.

13. Step 3: Principles for judging the
alternatives
Alternatives should be set up by consideration organizational goals as well as the corporate
culture

14. Step 4: Brainstorm and
analyse the different choices
and Evaluation of alternatives
List down all the ideas both
the negative and positive
consequences.

15. Step 5: Select the best
alternative

16. Step 6: Execute the
decision
Convert your decision into a plan or a sequence of
activities. Execute your plan by yourself or with the help
of subordinates.

17. Step 7: Evaluate the
results
See whether there is anything you should learn
and then correct in future decision making.