1. Institute of Health , Business Management & Social Sciences
Jinnah Sindh Medical University Karachi
Sir ManzoorAhmedKalwar
Rashid Khan Jadoon
Emba-Batch3 2017
2. Introduction
Decision Making:
Decision making can be regarded as the mental processes resulting in the selection of
a course of action among several alternatives. Every decision making process
produces a final choice. The output can be an action or an opinion of choice.
3. Which Mobile Phone Should I buy?
Examples:
What are the things you
consider before making a
decision?
The Nature of Decision Making
Making effective decisions, as well as recognizing when a bad decision has been
made and quickly responding to mistakes, is a key ingredient in organizational
effectiveness.
Some experts believe that decision making is the most basic and fundamental of
all managerial activities. Decision making is most closely linked with the Planning
function. However, it is also part of Organizing, Leading and Controlling.
4. What should I wear for class or work today
What are the things you
consider before making a
decision?
5. Some difficult Decision like Choosing a CAREER
What are the things
you consider before
making a decision?
6. In every Situation you have to search
Five Wife's & One Husband
Not these are
7. Five Wife's & One Husband
01 - What How
02 - Where
03 - When
04 – Why
05 - Who
8. Decision Cycle:
A decision cycle is a sequence of steps used by an entity on a repeated basis to reach
and implement decisions and to learn from the results. The "decision cycle" phrase has
a history of use to broadly categorize various methods of making decisions, going
upstream to the need, downstream to the outcomes, and cycling around to connect the
outcomes to the needs.
Setting
managerial
objectives
Searching
for Alternate
Comparing
& evaluating
alternatives
The act of
choice
Implementing
Decisions
Follow-up
and control
01
02
03
04
05
06
9. Decision making Cycle
1) Setting managerial objectives:
The first function in the decision cycle is to set managerial objectives. Taking
into account that objectives are the main part of decision-making, the search to
materialize them is what makes the decider choose one path and not another.
02) Searching for alternatives
Once the goals are set, the next step is to search information in order to discover
alternatives. The alternatives are not all considered because the human decider
will abolish the ones that his perception and experience indicate are not suited to
fulfill the setting managerial objectives
03) Comparing and evaluating alternatives
This phase is relatively complex because each alternative will produce
a different degree of attainment of a given goal and also a different degree of
efficiency.
10. 04) The act of choice
The act of choice is what defines the decision and is from this moment on
that things happen and the consequences begin to be clear.
05) Implementing Decisions
It is not worthwhile to make a decision if it’s not implemented according to
the standards chosen and this is basically the function of implementing a
decision.
06) Follow-up and control
Once the decision is implemented the manager can’t simply assume that the
results are
the perfect materialization of the objectives defined. The decisions are
made by human and one cannot expect
that there’re no mistakes happening.
Decision making Cycle