The document discusses decision making, including definitions, importance, types, styles, factors affecting success or failure, models, and steps. Decision making is selecting the best alternative to achieve objectives from available options. It is important for better resource use, business growth, and more. Decisions can be programmed, recurring decisions or non-programmed, unique decisions. Factors like certainty, risk, uncertainty, and ambiguity determine the likelihood of failure. The classical, administrative, and political models differ in their problem clarity, information availability, and choice process. The decision making process generally involves recognizing a problem, considering alternatives, choosing one, implementing it, and learning from feedback.
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.
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
ReadySetPresent (Decision Making PowerPoint Presentation Content): 100+ PowerPoint presentation content slides. Successful and effective strategic decision making is a guarantee to increase productivity in every workplace. Decision Making PowerPoint Presentation Content slides include topics such as: the 6 C’s of decision making, inherent personal and system traps, 10+ slides on decision trees, 10+ slides on decision making methods and tips, 4 slides on the GOR approach to decision making, 8 slides on common pitfalls in decision making, 4 slides on effective strategies in making decisions, 35+ slides on the 8 major decision making traps and how to effectively minimize each, 7 slides on different decision making perspectives, 25 slides on the 3 different types of analysis (grid analysis – paired comparison analysis, and cost/benefit analysis), 4 slides on utilizing planning and overarching questions, 4 modes of decision making and 6 factors in decision making and more!
A good leader takes the lead. A good leader has personality, courage, clear vision with ambition to succeed. A good leader encourages the team to perform to their optimum all the time and drives organisational success.
Decision Making PowerPoint PPT Content Modern SampleAndrew Schwartz
164 slides include: the 6 C's of decision making, inherent personal and system traps, decision trees, decision making methods and tips, 4 slides on the GOR approach to decision making, common pitfalls in decision making, effective strategies in making decisions, the 8 major decision making traps and how to effectively minimize each, different decision making perspectives, 3 different types of analysis (grid analysis - paired comparison analysis, and cost/benefit analysis), utilizing planning and overarching questions, 4 modes of decision making and 6 factors in decision making plus more.
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
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 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.
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
ReadySetPresent (Decision Making PowerPoint Presentation Content): 100+ PowerPoint presentation content slides. Successful and effective strategic decision making is a guarantee to increase productivity in every workplace. Decision Making PowerPoint Presentation Content slides include topics such as: the 6 C’s of decision making, inherent personal and system traps, 10+ slides on decision trees, 10+ slides on decision making methods and tips, 4 slides on the GOR approach to decision making, 8 slides on common pitfalls in decision making, 4 slides on effective strategies in making decisions, 35+ slides on the 8 major decision making traps and how to effectively minimize each, 7 slides on different decision making perspectives, 25 slides on the 3 different types of analysis (grid analysis – paired comparison analysis, and cost/benefit analysis), 4 slides on utilizing planning and overarching questions, 4 modes of decision making and 6 factors in decision making and more!
A good leader takes the lead. A good leader has personality, courage, clear vision with ambition to succeed. A good leader encourages the team to perform to their optimum all the time and drives organisational success.
Decision Making PowerPoint PPT Content Modern SampleAndrew Schwartz
164 slides include: the 6 C's of decision making, inherent personal and system traps, decision trees, decision making methods and tips, 4 slides on the GOR approach to decision making, common pitfalls in decision making, effective strategies in making decisions, the 8 major decision making traps and how to effectively minimize each, different decision making perspectives, 3 different types of analysis (grid analysis - paired comparison analysis, and cost/benefit analysis), utilizing planning and overarching questions, 4 modes of decision making and 6 factors in decision making plus more.
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
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
Four-Frame Model - Reframing OrganisationsPhil Vincent
Bolman & Deal identify four distinctive ‘frames’ from which people view their world - Structural, Human Resources, Political, and Symbolic.
Each frame comes with a range of concepts, metaphors and values which provide the scaffolding for organising raw experience of the world.
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Bachelor Degree Program (Bachelor in Commerce) Solved Question papers (sharing my solved question papers for easy learning experience, simple, easy, shortened and straight forward answers) If any error or mistake found please correct
Decision Making Process & Styles of Decision Making at Management LevelQazi Faheem
The presentation explains the Decision Making Process & Styles of Decision Making at a Management level in a detailed manner. It has a video case study as well to simulate he idea of Decision Making in our day today life.
Organizational Planning And Goal Setting MGT 201 Helpful Slides For Management Students Of Different Universities In Karachi And All Over Pakistan And World
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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.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
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.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
2. What is Decision Making?
• Decision-making is a process of selection from a set of
alternative courses of action,which is thought to fulfill
the objectives of the decision problem more
satisfactorily than others.
OR
• Decision making can be regarded as the cognitive
process resulting in the selection of a course of action
among several alternatives. Every decision making
process produces a final choice.
3. Importance of Decision
Making
• Better utilisation of resources
• Business growth
• Achieving objectives
• Increases efficiency
• Facilitates innovation
• Motivates employees
• Solving problems in management
• Teamwork
4. Types of Decision Making
• PROGRAMMED DECISIONS :
A programmed decision is one that is fairly structured
or recurs with some frequency.
• NON-PROGRAMMED DECISIONS :
Non-programmed decisions are relatively unstructured
and may occurs much less often. They are made in
response to situations that are unique, are poorly
defined and largely unstructured.
5. Decision Making Styles
• Directive – Use minimal information and consider
few alternatives.
• Analytic – Make careful decisions in unique
situations.
• Conceptual – Maintain a broad outlook and
consider many alternatives in making long term
decisions.
• Behavioral – Avoid conflicts situations by working
well with others and being receptive to suggestions.
6. Conditions that affect the
possibility of Decision failure
• CERTAINITY
• all the information the decision maker needs is fully available
• RISK
● decision has clear-cut goals
● good information is available
● future outcomes associated with each alternative are subject to chance
• UNCERTAINITY
● managers know which goals they wish to achieve
● information about alternatives and future events is incomplete
● managers may have to come up with creative approaches to alternatives
• AMBIGUITY
● by far the most difficult decision situation
● goals to be achieved or the problem to be solved is unclear
● alternatives are difficult to define
● information about outcomes is unavailable
7. Organizational
Problem
Low Possibility of Failure High
Certainty Risk Uncertainty Ambiguity
Programmed
Decisions
Nonprogrammed
Decisions
Problem
Solution
8. Three Models of Decision Making
Classical Model
Administrative Model
Political Model
9. 9
Characteristics of Classical, Political, and
Administrative Decision Making Models
Classical Model Administrative Model Political Model
Clear-cut problem and goals Vague problem and goals Pluralistic; conflicting goals
Condition of certainty Condition of uncertainty Condition of uncertainty/ambiguity
Full information about Limited information about Inconsistent viewpoints; ambiguous
alternatives and their outcomes Alternatives and their outcomes information
Rational choice by individual Satisfying choice for resolving Bargaining and discussion among
for maximizing outcomes problem using intuition coalition members
10. Decision Making Steps
Recognize need for
a decision
Frame the problem
Generate & assess alternatives
Choose among alternatives
Implement chosen
alternative
Learn from feedback
11. Decision Making Steps
1. Recognize need for a decision: Managers must
first realize that a decision must be made.
• Sparked by an event such as environment changes.
2. Generate alternatives: managers must develop
feasible alternative courses of action.
• If good alternatives are missed, the resulting decision is
poor.
• It is hard to develop creative alternatives, so managers
need to look for new ideas.
3. Evaluate alternatives: what are the advantages
and disadvantages of each alternative?
• Managers should specify criteria, then evaluate.
12. Decision Making Steps
4. Choose among alternatives: managers rank
alternatives and decide.
• When ranking, all information needs to be considered.
5. Implement choose alternative: managers
must now carry out the alternative.
• Often a decision is made and not implemented.
6. Learn from feedback: managers should
consider what went right and wrong with the
decision and learn for the future.
• Without feedback, managers never learn from
experience and make the same mistake over.
13. Problems in Decision Making
• Accuracy
• Participative Decision-making
• Timely Decision
• Communication of Decision
• Environment for Decision
• Implementation
