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    Decision Making

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    Veeranna Bhusannavar
    The document discusses management decision making processes. It defines decision making as the selection of a course of action from among alternatives, and is at the core of planning. There are two types of decisions - programmed decisions which follow rules and guidelines for routine matters, and non-programmed decisions which are for novel situations and rely more on judgment. The steps in decision making are identifying the problem, analyzing the situation, gathering information, developing alternatives, comparing alternatives, selecting the best option, and taking action.

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    Decision Making

    Uploaded by

    Veeranna Bhusannavar
    19 views8 pages
    The document discusses management decision making processes. It defines decision making as the selection of a course of action from among alternatives, and is at the core of planning. There are two types of decisions - programmed decisions which follow rules and guidelines for routine matters, and non-programmed decisions which are for novel situations and rely more on judgment. The steps in decision making are identifying the problem, analyzing the situation, gathering information, developing alternatives, comparing alternatives, selecting the best option, and taking action.

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    The document discusses management decision making processes. It defines decision making as the selection of a course of action from among alternatives, and is at the core of planning. There are two types of decisions - programmed decisions which follow rules and guidelines for routine matters, and non-programmed decisions which are for novel situations and rely more on judgment. The steps in decision making are identifying the problem, analyzing the situation, gathering information, developing alternatives, comparing alternatives, selecting the best option, and taking action.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    19 views8 pages

    Decision Making

    Uploaded by

    Veeranna Bhusannavar
    The document discusses management decision making processes. It defines decision making as the selection of a course of action from among alternatives, and is at the core of planning. There are two types of decisions - programmed decisions which follow rules and guidelines for routine matters, and non-programmed decisions which are for novel situations and rely more on judgment. The steps in decision making are identifying the problem, analyzing the situation, gathering information, developing alternatives, comparing alternatives, selecting the best option, and taking action.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 8

    Management Process

    Meaning of Decision Making


    Selection of a course of action from among alternatives. Core of planning. Process by which managers respond to opportunities and threats by analyzing options. making decisions about goals. courses of action. Systematic research and analysing preceding a decision.

    Two types of Decision Making


    Programmed Decisions: These decisions have been made many times before by managers. Rules, guidelines to be followed.

    Non-Programmed Decisions: Used for unstructured, novel and ill-defined situations of a recurring nature. Based on information and a mangers intuition and judgment.

    Steps in Decision Making.


    Identify

    the problem. -Every problem should be correctly diagnosed. Analyzing the situation -Search the environment for the existence of a problem. Gather information. -Collecting relevant data about the problem. Developing alternatives. -Developing alternative solutions for the problem.

    Measuring and comparing the consequences of alternativ solutions. -This involves a comparison of quality and acceptability of various solution. Select the best alternative. -Manager has to select one best alternative from the developed alternatives. Converting alternative into action. - The alternative should be converted into action.

    A.

    Programmed Decisions(Examples): Decision pertaining to increments in employees salaries.

    What is creativity and innovation,


    How is it related to decision making?

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