Decision making definition and necessary things

1. “Decision making is the selection based
on some criteria from two or more
possible alternatives.” Decision-making is
an important job of a manager. Everyday
he has to decide about doing or not doing
a particular thing. Though there are many
alternatives available for a manager but he
has to choose the best out of them.

2. Decision-making is based on rational
thinking. The manager tries to foresee
various possible effects of a decision before
deciding a particular one.
It is a process of selecting the best from
among alternative available.

3. It involves the evaluation of
various alternatives available.
Decision-making is the end
product because it is preceded
by discussions and deliberation.
Decision-making is aimed to
achieve organizational goals.
It is involves certain
commitment. Management is
committed to every decision it
takes..

4. Decision helps in solving problems or
resolving conflicts.
A decision needs some sort of prediction for
the future on the basis of past and present
available information.
Sometimes decision are influenced by
adopting a follow the-leader practice.

5. Defining the Problem.
Alternative Courses of
Action.
 Analysis of Problem.
Evaluation of
Alternatives.
Experience.
Experimentation.
Taking Decision and
Following up.

6. Intuition.
Facts.
Experience.
Considered Opinions.
Operations Research.
Linear Programming.

7. Programmed and
Non-programmed
Decisions.
Strategic and Tactical
Decisions.
Individual and Group
Decisions.

8. • Traditional Techniques.
• Modern Techniques

9. Group decision are taken by a number
of persons. In order to avoid risk in
taking important decision, a number of
persons are assigned the work of
making decisions. one persons may not
able to analyze various aspects of a
decision ,instead more persons bring
their experience and knowledge
together and suggest a decision.

11. Group decision are taken by a
number of persons. In order to
avoid risk in taking important
decision, a number of persons
are assigned the work of making
decisions. one persons may not
able to analyze various aspects
of a decision ,instead more
persons bring their experience
and knowledge together and
suggest a decision.