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Foundations of Decision Making (The Process (4→Alternative Development,…
Foundations of Decision Making
The Process
4→Alternative Development
5→Alternative Analysis
3→Allocate Weights of Criteria
2→Identify Decision Criteria
7→Alternative Implementation
1→Identify Problem
8→Evaluation of Result
6→Alternative Selection
Approaches
Bounded Rationality
Intuition and Managerial Decision Making
Rational Decision Making
Problems
Sructured
Procedures
Rules
Policies
Unsructured
Nonprogrammed Decision
Group Decision Making
Disadvantage
Time-Consuming
Ambiguous Responsibility
Pressures to Conform
Improvement
Brainstorming
Nominal Group Technique
Electronic Meeting
Advantage
Complete Information
Diversity of Experiences and Perspectives
Increased Acceptance of A Solution
Increased Legitimacy