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DECISION MAKING - Coggle Diagram

- - - - Identifying viable alternatives
      - Alternatives are listed
    - - Appraising each alternative's strengths and weaknesses
      - An alternative's appraisal is based on its ability to resolve the issue related to the criteria and criteria weight.
  - - - Choosing the best alternative
        
        alternative with highest total weight chosen
    - - Putting the chosen alternative into action
        
        Conveying the decision to and gaining commitment from those who will carry out the alternative
  - - - Decision criteria are factors that are important (relevant) to resolving the problem, such as :
        
        Risk likely to be encountered (Chance of failure)
        
        Outcomes that are desired ( Growth of the firm )
        
        cost that will be incurred (Investment required )
    - - Decision criteria are not equal importance
        
        Assigning a weight to each item
        
        Places item in the correct priority order of their importance in the decision making process
    - - Characteristic of Problems
        
        A problem becomes a problem when a manager becomes aware of it
        
        There is pressure to solve the problem
        
        The manager must have the authority, information or resources needed to solve the problem
  - - - How effectively was the problem resolved by outcomes resulting from the chosen alternatives?
      - If the problem was not resolved, what went wrong?
- - - - An explicit statement that limits what a manager or employee can or cannot do
    - - A general guideline for making a decision about a structure problem
    - - A series of interrelated steps that a manager can use to apply a policy in response to structure problem
- - - - Using data and facts
      - rational and logical thinking
    - - Internal Insights
      - Feelings
      - Hunches