Decision Making In Management
Download as PPTX, PDF2 likes129 views
This document discusses the process of managerial decision making. It describes how managers analyze opportunities and threats, set goals, and make choices about courses of action. There are two types of decisions: programmed decisions which are routine and follow established guidelines, and non-programmed decisions which deal with unusual situations and require intuition and judgment as there are no set rules. The process of decision making involves identifying problems, generating alternatives, evaluating options, making a choice, implementing it, and then evaluating results for feedback.
1 of 7
Download to read offline
More Related Content
Ad
Similar to Decision Making In Management (20)
Ad
More from Syed Sadath (6)
Decision Making In Management
- 2. The process by which managers respond to opportunities and threats by analyzing option, and making decisions about goals and courses of action Decisions in respond to opportunities: Managers respond to ways to improve organization performance
- 3. Programmed decisions: routine , almost automatic process. Managers have made decision many times before There are rules or guidelines to follow example: deciding to reorder office supplies.
- 4. Non-programmed Decision : unusual situations that have not been often addressed . No rules to follow since the decision is new. These decisions are made based on information , and a manger’s intuition , and Judgment. Example: Should the firm invest in a new technology or not.
- 5. Identify the problem Generate alternatives Evaluate alternatives Make the decision Implement the decision Evaluate the results and provide feed back
- 6. 1. Contract 2. Compile 3. Collect 4. Compare 5. Consider 6. Commit