Decision making, Importance of
Decision-Making, Characteristics of
Decision-Making, Essentials for effective
Decision-Making, Types/ categories of Problems and Decisions, TYPES OF BUSINESS DECISIONS, Open decision making System, Decision Making Environment, The Classical Model of decision making, Decision making process, Decision Making Style
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Decision Making remains one enigma for managers. Although no prescription can be offered for mastering this technique yet these fillers will certainly improve your skill
what is decision making, conditions of decision making, decision making under certainty, decision making under uncertainty, decision making under risk, process of decision making, how to effactive decision making
Decision making, Importance of
Decision-Making, Characteristics of
Decision-Making, Essentials for effective
Decision-Making, Types/ categories of Problems and Decisions, TYPES OF BUSINESS DECISIONS, Open decision making System, Decision Making Environment, The Classical Model of decision making, Decision making process, Decision Making Style
Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives.
Decision Making remains one enigma for managers. Although no prescription can be offered for mastering this technique yet these fillers will certainly improve your skill
what is decision making, conditions of decision making, decision making under certainty, decision making under uncertainty, decision making under risk, process of decision making, how to effactive decision making
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Ashish Hande
Decision Making: Decision Making Process, Stages in
Decision Making, Individual and Organizational Decision
Making, Decision Making Models, Information System
support for Decision Making Phases
“Decision-making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem”
Within this Presentation Will help you to improve the basic understanding about Decision Making Process as well as to help the Group for Making Decision.
A presentation to cover the essence of Decision Making for young minds. Covers - What are bad decisions and what factors can assist you in Quick Decision Making?
In this presentation you guys will get to know techniques of decision making which includes types of decision making, their description, Techniques of decision making(briefly described in easiest way).
Despite what you might have been told, old school ‘carrot and stick’ incentives with cash as a motivator just don’t work anymore.
Nowadays motivation has become more sophisticated. It pays to combine reward with recognition, not just for sales, but also customer service, living brand values, improving business processes or simply for going above and beyond.
This SlideShare explores how to modernise your automotive sales incentives
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Ashish Hande
Decision Making: Decision Making Process, Stages in
Decision Making, Individual and Organizational Decision
Making, Decision Making Models, Information System
support for Decision Making Phases
“Decision-making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem”
Within this Presentation Will help you to improve the basic understanding about Decision Making Process as well as to help the Group for Making Decision.
A presentation to cover the essence of Decision Making for young minds. Covers - What are bad decisions and what factors can assist you in Quick Decision Making?
In this presentation you guys will get to know techniques of decision making which includes types of decision making, their description, Techniques of decision making(briefly described in easiest way).
Despite what you might have been told, old school ‘carrot and stick’ incentives with cash as a motivator just don’t work anymore.
Nowadays motivation has become more sophisticated. It pays to combine reward with recognition, not just for sales, but also customer service, living brand values, improving business processes or simply for going above and beyond.
This SlideShare explores how to modernise your automotive sales incentives
Is it time to transform your career? Successfully navigating a career change requires preparation and planning. We've put together 10 steps to help you give your career a much-needed makeover. View this slideshare for advice on how to get started and, when you're ready, visit www.getsmarter.co.za.
How do the people you admire the most choose to communicate? Words are powerful. Learn how to use them wisely with our latest SlideShare.
www.getsmarter.co.za
11 Ways to be Seen as a Leader at Work (Even if it's not in Your Title)GetSmarter
getsmarter.co.za
Forget your job title for a moment: effective leadership is not about position - it's about perception.
Here are 11 ways to build your reputation as the kind of leader others want to follow.
in the healthcare management, decisions are very important and the first step is to make decisions, how to make decisions, in which way, what are the different steps and how we can manage them, which decisions have good results and which one have bad effects in the society.
Principles of ManagementManagerial Decision Making2.1 What are.pdfagmobiles
Principles of Management
Managerial Decision Making
2.1 What are the basic characteristics of managerial decision-making?
Managers are constantly making decisions, and those decisions often have significant impacts
and implications for both the organization and its stakeholders. Managerial decision-making is
often characterized by complexity, incomplete information, and time constraints, and there is
rarely one right answer. Sometimes there are multiple good options (or multiple bad options),
and the manager must try to decide which will generate the most positive outcomes (or the
fewest negative outcomes).
Decision-making is the action or process of thinking through possible options and selecting one.
Notice this a process. In other words, we can break this procedure down into individual parts to
better understand how to make a decision.
Normally stakeholders have completing needs, priorities, and values. Part of a manger's job - as
we saw last chapters - is to balance and prioritize these requests. Stakeholder analysis is a
process we will learn about in future chapters.
2.1 Review Questions:
What are some negative outcomes of poor decision making?
Managers frequently make decisions without complete information. In this regard, what ability
must an effective manager develop?
Does every managerial decision have a single correct answer? Conversely, does every
managerial decision have a single incorrect answer?
How can a manager consider ethics in decision making?
Maximizing shareholder wealth has come under scrutiny lately, especially when this objective is
at odds with other stakeholders or ethical practice. Do you think the main objective of
management is to increase value for shareholders? Why or why not?
2.2 What are the two systems of decision-making in the brain?
The brain processes information to make decisions using one of two systems: either the logical,
rational (reflective) system or the quick, reactive system.
Considering the role of emotions, emotional intelligence is the ability to recognize, understand,
pay attention to, and manage ones own emotions and the emotions of
others. It involves self-awareness and self-regulationessentially, this is a toggling back and forth
between emotions and logic.
2.2 Review Questions:
Would it be better if you used the reflective or reactive system? Which do you tend to use - and
with what result?
Consider the following statement: The quick route is not always the best decision-making path to
take Have you ever made a quick decision that ended badly?
Describe each of the following elements of emotional intelligence:
Self-awareness
Self-regulation
Empathy
Social skills
2.3 What is the difference between programmed and nonprogrammed decisions?
Programmed decisions are those that are based on criteria that are well understood, while
nonprogrammed decisions are novel and lack clear guidelines for reaching a solution.
Managers can establish rules and guidelines for programmed decisions based on known.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
2. 1. What is
Decision Making?
4. Decision Making
Tools
2. Barriers to Good
Decision Making
3. Decision
Making Process
3.
4.
Decision making is the cognitive process leading to the selection of a
course of action among alternatives. Every decision making process
produces a final choice. It can be an action or an opinion.
choice
opinion
“Successful leaders have the courage to take action while others hesitate. “
- John C. Maxwell
It begins when we need to do something but we do not know what.
Therefore, decision making is a reasoning process which can be
rational or irrational, and can be based on explicit assumptions or tacit
assumptions.
Examples:
Shopping, deciding what to eat, What to wear, etc..
5.
Hasty - Making quick decisions without having much
thought.
Narrow - Decision making is based on very limited
information.
Scattered - Our thoughts in making decisions are
disconnected or disorganized.
Fuzzy - Sometimes, the lack of clarity on important
aspects of a decision causes us to overlook certain
important considerations.
6. “ Making good decisions is a crucial skill at
every level. ”
- Peter Drucker
7. STEPS
Define the decision clearly.
Consider all the possible choices.
Gather all relevant information and evaluate all the
pros and cons of each possible choice.
Select the choice that seems to best meet the
needs of the situation.
Implement a plan of action and then monitor the
results, making necessary adjustments.
8. Because I'm thinking in a broader way,
I feel like I am able to make better
decisions.”
- Takafumi Horie
10.
SWOT analysis is a great technique for identifying your
S trengths and W eaknesses and study any
O ppor tunities and T hreats you face.
It is also a powerful strategic planning tool used to
evaluate a project or in a business venture or in any
other situation of an organization or individual requiring
a decision in pursuit of an objective.
It involves monitoring the marketing
environment internal and external to the
organization or individual.
11.
Orienting SWOTs to An Objective - If SWOT analysis does not start
with defining a desired end state or objective, it runs the risk of being
useless.
If a clear objective has been identified, SWOT analysis can be used to help
in the pursuit of that objective. In this case, SWOTs are:
Strengths
Weaknesses
Attributes of the organization
that are helpful to achieving the
objective.
Attributes of the
organization that are harmful
to achieving the objective.
External conditions that are
helpful to achieving the
objective.
External conditions that are
harmful to achieving the
objective.
Opportunities
Threats
12.
The aim of any SWOT analysis is to identify the key
internal and external factors that are important to
achieving the objective. SWOT analysis groups key
pieces of information into two main categories:
Internal Factors
Organization
Strengths
Weaknesses
Opportunities
External Factors
External Environment
Threats
13.
Conducting a SWOT analysis before defining and
agreeing upon an objective (a desired end state).
SWOTs should not exist in the abstract. They can
exist only with reference to an objective.
Opportunities external to the company are often
confused with strengths internal to the company.
They should be kept separate.
SWOTs are sometimes confused with possible
strategies. SWOTs are descriptions of conditions,
while possible strategies define actions.
14. What is Decision
Making?
Decision making is the cognitive process leading to the selection
of a course of action among alternatives.
Barriers to Good
Decision Making
Hasty, Narrow, Scattered and Fuzzy decision making.
Decision Making
Process
1.
2.
3.
4.
5.
Decision Making Tools
Define the decision clearly.
Consider all the possible choices.
Gather all relevant information and evaluate all the pros and
cons of each possible choice.
Select the choice that seems to best meet the needs of the
situation.
Implement a plan of action and then monitor the results,
making necessary adjustments.
CoRT
SWOT Analysis
Six Thinking Hats
Decision Matrix
Etc.