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Managing Decision Making - Coggle Diagram
Managing Decision Making
Definition
The process which managers identify and resolve problems and capitalize on opportunities
Types of Decision
Program Decision
Non-programmed desicion
Decision making Conditions
Decision Making Under Certainty
Desicion Making Under Risk
Decision Making Under Uncertainty
The rational of Decision Making
Investigate the situation
Define problem
Diagnose causes
Identify Decision objectives
Develop alternatives
Seek creative alternative
Do not evaluate yet
Decision Making Process
Step 1 : Identifying & diagnosing Problem
Step 2: Generating Alternative Solutions
Step 3: Evaluating Alternatives
Step 4 : Making the choice
Step 5: Implementing the Decision
Step 6: Evaluating the Decision
Group Decision Making
Nature
People are brought together to solve problems by sharing their opinions and inputs
Methods of Decision Making
1.Authoritarian Style
2.Brainstorming
3.Voting based Method
4.Nominal Group Technique
5.Delphi Technique