This document summarizes key aspects of decision making and problem solving. It discusses the nature of decision making, types of decisions, and conditions involving certainty, risk and uncertainty. It describes the classical rational model of decision making and the administrative model that recognizes limitations like bounded rationality and satisficing. Political forces, intuition, risk propensity, group dynamics and phenomena like groupthink that can influence decision making are also outlined. Various decision making techniques involving groups are defined, including their advantages and disadvantages.
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.
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.
Emotions And Moods - Organizational Behavior - PsychologyFaHaD .H. NooR
Introduces us the the concepts of emotions and moods and their effects on Organizational Behavior. These are concepts that have only recently received increased attention in research and practice.As mentioned, emotions and moods were dismissed by OB for a long time. One of the primary reasons was the “Myth of Rationality” that suggested that OB comprised rational concepts and applications and emotions and moods were seen as highly irrational. Emotions were thought to be disruptive of organizational activity and decreased productivity. Because they were perceived as irrational the belief was that they were unpredictable and therefore not easily influenced. We now know this is untrue.Affect is a generic term that covers a broad range of feelings people experience. This includes both emotions and moods. Emotions are intense feelings that are directed at someone or something. Moods are the feelings that tend to be less intense than emotions and that lack a contextual stimulus.
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 remains one enigma for managers. Although no prescription can be offered for mastering this technique yet these fillers will certainly improve your skill
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Emotions And Moods - Organizational Behavior - PsychologyFaHaD .H. NooR
Introduces us the the concepts of emotions and moods and their effects on Organizational Behavior. These are concepts that have only recently received increased attention in research and practice.As mentioned, emotions and moods were dismissed by OB for a long time. One of the primary reasons was the “Myth of Rationality” that suggested that OB comprised rational concepts and applications and emotions and moods were seen as highly irrational. Emotions were thought to be disruptive of organizational activity and decreased productivity. Because they were perceived as irrational the belief was that they were unpredictable and therefore not easily influenced. We now know this is untrue.Affect is a generic term that covers a broad range of feelings people experience. This includes both emotions and moods. Emotions are intense feelings that are directed at someone or something. Moods are the feelings that tend to be less intense than emotions and that lack a contextual stimulus.
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 remains one enigma for managers. Although no prescription can be offered for mastering this technique yet these fillers will certainly improve your skill
SOFT SKILLS WORLD takes pleasure in introducing itself as an experienced and competent conglomeration with more than 300 Training & Development professionals. This team represents key functional domains across industries.
We sincerely look forward to joining hands with your esteemed organization in our endeavour to create a mutually satisfying win-win proposition per se Organization Development interventions.
May we request you to visit us at http://www.softskillsworld.com/to have a glimpse of the bouquet of our offers .We have partnered with the best & promise you an excellent organizational capability building.
We firmly believe Hard Skills alone are not sufficient enough to enhance business success. Aligned with high performance organizational culture and given the right direction, Soft Skills is the best recipe for business success.
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Ashish Hande
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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.
How to Make a Field invisible in Odoo 17Celine George
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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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.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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!
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
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2. 9 - 2
The Nature of Decision Making
Decision making:
– The act of choosing one
alternative from among a
set of alternatives.
Decision-making process:
– Recognizing and defining
the nature of a decision
situation, identifying
alternatives, choosing the
“best” alternative, and
putting it into practice.
3. 9 - 3
Types of Decisions
Programmed decision:
– A decision that is fairly
structured or recurs with
some frequency (or both).
Non-programmed decision:
– A decision that is relatively
unstructured and occurs
much less often than a
PROGRAMMED DECISION.
4. 9 - 4
A View of Decision-Making Conditions
Certainty Risk Uncertainty
Level of ambiguity and chances of making a bad decision
Lower Moderate Higher
The decision
maker faces
conditions of:
5. 9 - 5
Decision-Making Conditions
State of certainty:
– A condition in which the
decision maker knows with
reasonable certainty what
the alternatives are and
what conditions are
associated with each
alternative.
State of risk:
– A condition in which the
availability of each
alternative and its potential
payoffs and costs are all
associated with probability
estimates.
6. 9 - 6
State of Uncertainty
• A condition in which
the decision maker
does not know all
the alternatives, the
risks associated with
each, or the likely
consequences of
each alternative.
7. 9 - 7
Obtain complete and
perfect information.
Eliminate uncertainty.
Evaluate everything
rationally and logically…
The Classical Model of Decision Making
When faced with a
decision situation,
managers
should…
…and end up with a
decision that best
serves the interests
of the organization.
8. 9 - 8
Rational Perspectives on Decision Making
Classical model:
– A prescriptive approach to
decision making that tells
managers how they should
make decisions. It
assumes that managers
are logical and rational and
that they make decisions
that are in the best
interests of the
organization.
9. 9 - 9
Steps in Rational Decision Making
STEP
– Recognize and define
situation.
– Identify alternatives.
– Evaluate alternatives.
– Select alternative.
– Implement alternative.
– Follow up and evaluate
results.
DETAIL
– Stimulus may be
positive or negative.
– Alternatives must be
generated.
– Feasibility check.
– Choose best fit
alternative.
– Implementation.
– Does it work?
(see Table 9.1 for examples)
11. 9 - 11
Identifying Alternatives
• When the decision situation has been
recognized and defined, the second
step is to identify alternative courses.
• The third step in the decision-making
process is evaluating each alternative.
• See next slide Figure 9.3 for an
illustration of a decision tree.
12. 9 - 12
Figure 9.3: Evaluating Alternatives in the
Decision-Making Process
13. 9 - 13
Behavioral Aspects of Decision Making
The Administrative Model:
– A decision making model showing
that managers:
1. Have incomplete and imperfect
information.
2. Are constrained by bounded rationality.
3. Tend to satisfice when making
decisions.
14. 9 - 14
...and end up with a
decision that may or
may not serve the
interests of the
organization.
The Administrative Model of Decision Making
Use incomplete and
imperfect Information.
Are constrained by
bounded rationality.
Tend to satisfice…
When faced with a
decision situation
managers
actually…
15. 9 - 15
Bounded Rationality
• A concept suggesting that decision
makers are limited by their values and
unconscious:
A. Values.
B. Unconscious reflexes.
C. Skills.
D. Habits.
16. 9 - 16
Satisficing
• The tendency to
search for
alternatives only
until one is found
that meets some
minimum standard
of sufficiency.
17. 9 - 17
Political Forces in Decision Making
Coalition:
– An informal alliance of
groups formed to
achieve a common
goal.
18. 9 - 18
Intuition and Escalation of Commitment
Intuition:
– An innate belief about
something without
conscious
consideration.
Escalation of
commitment:
– A decision maker’s
staying with a decision
even when it appears
to be wrong.
19. 9 - 19
Risk Propensity and Decision Making
Risk propensity:
– The extent to which a
decision maker is
willing to gamble when
making a decision.
20. 9 - 20
Group and Team Decision Making in
Organizations
Forms of Group and Team Decision
Making:
– Interacting group or team:
• A decision making group or team in which
members openly discuss, argue about, and
agree on the best alternative.
– Delphi group:
• A form of group decision making in which a group
solicits input from a panel of experts who
contribute individually; their opinions are
combined and, in effect, averaged.
21. 9 - 21
Nominal Groups
• Unlike the Delphi method where group
members do not see one another, this
group is brought together.
• A structured technique used most often
to generate:
– Creativity.
– Innovative alternatives.
– Ideas.
22. 9 - 22
Advantages and Disadvantages of Group and
Team Decision Making
ADVANTAGES
– More information
and knowledge
available.
– More alternatives
generated.
– More acceptance.
– Enhanced
communication.
– Better discussions.
DISADVANTAGES
– The process takes
longer.
– Compromised
decisions result from
indecisiveness.
– One person may
dominate.
– Groupthink may
occur.
23. 9 - 23
Groupthink
• A situation that
occurs when a
group or team’s
desire for
consensus and
cohesiveness
overwhelms the goal
of reaching the best
possible decision.