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    Decision Making

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    jeebala
    Decision making involves choosing between multiple alternatives to achieve desired outcomes. It is a goal-oriented, analytical process that considers different perspectives and situations. The decision making process involves: 1) defining the decision, 2) considering all choices, 3) gathering relevant information to evaluate pros and cons, 4) selecting the best choice, and 5) implementing and monitoring the results. Effective decision making follows guidelines like properly defining problems, gathering reliable information, considering multiple views, and making timely decisions. Group decision making provides different perspectives but can be time-consuming and lead to conflicts, while techniques like brainstorming, synetics, nominal group, and Delphi aim to improve the process.

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    Decision Making

    Uploaded by

    jeebala
    215 views17 pages
    Decision making involves choosing between multiple alternatives to achieve desired outcomes. It is a goal-oriented, analytical process that considers different perspectives and situations. The decision making process involves: 1) defining the decision, 2) considering all choices, 3) gathering relevant information to evaluate pros and cons, 4) selecting the best choice, and 5) implementing and monitoring the results. Effective decision making follows guidelines like properly defining problems, gathering reliable information, considering multiple views, and making timely decisions. Group decision making provides different perspectives but can be time-consuming and lead to conflicts, while techniques like brainstorming, synetics, nominal group, and Delphi aim to improve the process.

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    Decision making involves choosing between multiple alternatives to achieve desired outcomes. It is a goal-oriented, analytical process that considers different perspectives and situations. The decision making process involves: 1) defining the decision, 2) considering all choices, 3) gathering relevant information to evaluate pros and cons, 4) selecting the best choice, and 5) implementing and monitoring the results. Effective decision making follows guidelines like properly defining problems, gathering reliable information, considering multiple views, and making timely decisions. Group decision making provides different perspectives but can be time-consuming and lead to conflicts, while techniques like brainstorming, synetics, nominal group, and Delphi aim to improve the process.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    215 views17 pages

    Decision Making

    Uploaded by

    jeebala
    Decision making involves choosing between multiple alternatives to achieve desired outcomes. It is a goal-oriented, analytical process that considers different perspectives and situations. The decision making process involves: 1) defining the decision, 2) considering all choices, 3) gathering relevant information to evaluate pros and cons, 4) selecting the best choice, and 5) implementing and monitoring the results. Effective decision making follows guidelines like properly defining problems, gathering reliable information, considering multiple views, and making timely decisions. Group decision making provides different perspectives but can be time-consuming and lead to conflicts, while techniques like brainstorming, synetics, nominal group, and Delphi aim to improve the process.

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    of 17

    DECISION MAKING

    What you think what is decision making?

    Decision Making

    1. What is
    Decision Making?

    4. Guidelines
    For Decision Making

    2. Nature of
    Decision Making

    3. Decision
    Making Process

    Decision Making
    The process by which individuals select a course
    of action among several alternatives, to produce
    desired results.
    A choice from two or more alternative

    Nature of Decision Making


    Goal-oriented- decisions are made to achieve some
    purpose
    Alternatives- choice leads to decisions
    Analytical-intellectual- also based on intuition
    Dynamic process- decisions depends on situations
    Pervasive function
    Continuous activity- not one shot deal
    Human and social process- u have to see how it
    affects ur people

    Process of Decision Making

    The Decision-Making Process

    Steps

    Tips

    1. Define the decision clearly.

    A lot of decision making goes wrong at the starting


    point.
    the more specific your definition of the decision is to
    made, the clearer will be your analysis and the
    likelihood of success.

    2. Consider all the possible


    choices.

    Successful decision makers explore all of the


    possible choices of the situation.
    In fact many of the less obvious choices turn out to
    be the most effective ones.

    3. Gather all relevant information


    and evaluate all the pros and
    cons of each possible choice.

    In many cases, we may lack sufficient information to


    make an informed decision.
    Analyze the advantages and disadvantages of each
    choice

    4. Select the choice that seems to


    best meet the needs of the
    situation.

    Synthesize all what you learned in previous steps


    and make a conclusion that you believe to be your
    best choice.

    5. Implement a plan of action and


    then monitor the results, making
    necessary adjustments.

    Once you have selected your best choice, you need


    to develop and implement a specific and concrete plan
    of action.
    As you begin taking the steps in your plan, you will
    discover that adjustments need to be made.

    Guidelines for effective Decision


    Making

    1. The problem should be defined properly


    2. More quantity of reliable information leads
    to effective decision making
    3. Number of views should be taken into
    account
    4. Decisions should be made at proper time

    Group decision-making

    Advantages of Group Decision Making


    Advantages
    1. Greater pool of knowledge
    2. Different perspectives so more creativity
    3. People understand the decision better
    4. Increased acceptance and commitment
    5. Training ground

    Disadvantages of Group- Decision Making


    Disadvantages
    1. Notorious time wasters
    2. Some may be dominating
    3. Costly
    4. Easy to avoid responsibility
    5. Disagreement may lead to conflict and ill feelings

    Group Decision making Techniques


    1. Brainstorming
    2. Synetics
    3. Nominal Group technique
    4. The Delphi technique

    Brainstorming- A
    technique that
    encourages group
    members to generate as
    many new ideas as
    possible, on a given
    topic without evaluating
    them

    Synetics- Synetic group consists of


    members having varied background and
    training. The leader states the problem and
    asks the group to offer solutions. The
    evaluation of ideas takes place at the same
    time.

    Nominal Group Technique

    used to narrow
    down options through voting. It is a group in name only.
    StepsThe leader explains the problem to the members
    Each member writes down his ideas independently
    Each member then presents a single idea to the
    group, which is written on the blackboard
    Discussion is done to evaluate the ideas
    Individual then votes on priority

    Delphi Technique
    StepsProblem is identified by the leader
    Experts are identified
    Questionnaire is structured and mailed to experts
    Leader collect responses and prepares a feedback
    report
    The feedback report and questionnaires are again
    sent to the experts for reaction and reassessment
    Each member evaluates feedback report and
    develop new suggestions
    Process continues till a clear solution emerges

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