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    Decision Making Styles

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    Manali Sharma
    This document discusses decision making. It defines decision making as choosing between alternatives to address a problem or situation. Effective decision making is important for managers. The steps of decision making are: 1) identify the problem 2) consider the nature of the problem 3) research the problem 4) develop solutions 5) list pros and cons 6) select the best approach 7) execute the choice 8) evaluate and communicate the results. There are different decision making styles and the appropriate style depends on factors like whether acceptance is needed for implementation and the impact of the decision. All decision making involves weighing risks and rewards.

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    Decision Making Styles

    Uploaded by

    Manali Sharma
    45 views14 pages
    This document discusses decision making. It defines decision making as choosing between alternatives to address a problem or situation. Effective decision making is important for managers. The steps of decision making are: 1) identify the problem 2) consider the nature of the problem 3) research the problem 4) develop solutions 5) list pros and cons 6) select the best approach 7) execute the choice 8) evaluate and communicate the results. There are different decision making styles and the appropriate style depends on factors like whether acceptance is needed for implementation and the impact of the decision. All decision making involves weighing risks and rewards.

    Original Description:

    Why decision making matters Steps of decision making

    Original Title

    Decision making styles

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    This document discusses decision making. It defines decision making as choosing between alternatives to address a problem or situation. Effective decision making is important for managers. The steps of decision making are: 1) identify the problem 2) consider the nature of the problem 3) research the problem 4) develop solutions 5) list pros and cons 6) select the best approach 7) execute the choice 8) evaluate and communicate the results. There are different decision making styles and the appropriate style depends on factors like whether acceptance is needed for implementation and the impact of the decision. All decision making involves weighing risks and rewards.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    45 views14 pages

    Decision Making Styles

    Uploaded by

    Manali Sharma
    This document discusses decision making. It defines decision making as choosing between alternatives to address a problem or situation. Effective decision making is important for managers. The steps of decision making are: 1) identify the problem 2) consider the nature of the problem 3) research the problem 4) develop solutions 5) list pros and cons 6) select the best approach 7) execute the choice 8) evaluate and communicate the results. There are different decision making styles and the appropriate style depends on factors like whether acceptance is needed for implementation and the impact of the decision. All decision making involves weighing risks and rewards.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 14

    Submitted to; Submitted By:

    Prof. Chanda Gulati Amit goyal


    Manali sharma
    Barkha shrivastava
    Ankita danve
     MEANING
     WHY DECISION MAKING MATTERS
     STEPS OF DECISION MAKING
     DECISION MAKING STYLES
     QUESTIONS TO KNOW
     COCLUSION
    meaning
    Decision making is an act of projecting one’s own
    mind upon an opinion or course of action. Thus a
    decision represents an action, or series of action
    chosen from a number of possible alternatives.

    George R terry, “decision making is a selection


    based on some criteria from two or more possible
    alternatives”.
    Why Decision-making Matters
    As a prospective manager, effective decision-making is a central
    skill necessary for success. This requires the capacity to weigh
    various paths and determine the optimal trajectory of action.
     STEPS OF DECISION MAKING

     1. Identify the Problem or Situation


     Before you begin with your decision, analyze exactly
    what it is that’s prompting your actions and make sure
    you’re seeing the whole picture.
     2.Consider the Nature of the Problem
     In what way is the situation you are addressing
    problematic? In what way is it causing you difficulties?
    Why do you need a solution? In essence you’re
    identifying your problem criteria.
    3.Research the Problem
     Unless you have all the facts at your fingertips, it will be
    difficult to make an informed decision in your own best
    interests.

    4.Develop Solutions
     Usually you will find there are several different ways you
    could address the situation, and each might have different
    outcomes and consequences. Make a list of each of these
    approaches.
    5.List Pros & Cons
     Try to do this while thinking through the long-term
    consequences, and being as objective as possible.

    6.Select the Best Approach


     Try to be as analytical as possible in this stage and try not
    to let your emotions about the situation cloud your
    judgment. Keep your long-term goals in mind.
    7. Execute Your Choice

    Now that you’ve identified and chosen your solution from all the
    possible options, it’s time to put into action.

    8.Evaluate and Communicate

    Was your decision successful? It’s important to reflect on it for yourself


    and to seek the opinion of others, once you’ve followed through on
    your decision.
    Four Questions to Know Which of
    the Decision-Making Styles to Use
    1.Is this your decision to make decision?
    If you believe the person or team responsible for this
    decision is not capable of making a quality decision
    without your involvement, discuss it with them.
    2. Do you have access to the needed relevant
    information?
    If so, and if support for the decision is not needed or is
    guaranteed, use an Autocratic Style. It’s not necessary to
    gather your team to discuss where to hang a picture in
    your office.
     3. To what extent is acceptance necessary for
    successful implementation?
    If successful implementation depends on the
    understanding and acceptance of others, it is to your
    advantage to involve them in the decision early on and
    use a Team Style, even if you believe you already know
    the best decision.
    4. How great is the impact of the decision on
    accomplishing the team’s mission?

     What is the complexity and scale of the impact of the


    decision? As complexity increases, the likelihood that
    you know everything needed to make a quality
    decision decreases. Use a Consultative Style.
    CONCLUSION
    All decision-making involves elements of risk and
    reward. For every decision there are risks. Many
    organisations are structured so that major decisions are
    taken at the highest levels. This is because decisions at
    the top can have major effects for the whole
    organisation. At the tactical and operational levels, the
    risks are smaller.

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