SlideShare a Scribd company logo
1 of 4
DECISION-MAKING
• George R.Terry “ Decision-making is the selection
  based on some criteria from two or more possible
  alternatives”.
• Felix M.Lopez “ A decision represents a judgment, a
  final resolution of a conflict of needs, means or
  goals, and a commitment to action made in face of
  uncertainty, complexity and even irrationally”.
• Decision-making involves the process of
  establishing goals, tasks and searching for
  alternatives for a decision problem.
Characteristics of Decision-Making
1.Decision-maker has freedom to choose an alternative.
2.Decision-making may not be completely rational
3.Goal-oriented
4.Mental or intellectual process because the final decision
 is made by the decision-maker
5.Decision may be expressed in words or may be implied
 from behaviour
6.Choosing from among alternative course of operation
 implies uncertainty about the final result of each
 possible course of operation
7.Rational, thorough analysis and reasoning and weighing
 consequences of the various alternatives.
Types of Decision-Making
1. Programmed Decisions (Routine &
   Repetitive)
2. Non–Programmed Decisions
   (Unique /Unusual Problems)
3. Strategic Decisions (Crucial
   Importance-Diversification)
4. Tactical Decisions (Short term
   problems & minor ones)
Decision Making Process
Specific       Identification of       Search for     Evaluation of
Objectives     Problems                Alternatives   Alternatives




     Results                       Action              Choice of
                                                      Alternatives

More Related Content

What's hot

Decision Making In Management
Decision Making In ManagementDecision Making In Management
Decision Making In ManagementVinesh Pathak
 
political behavior-organisational politics,discretionary behavior,defensive b...
political behavior-organisational politics,discretionary behavior,defensive b...political behavior-organisational politics,discretionary behavior,defensive b...
political behavior-organisational politics,discretionary behavior,defensive b...hari krishnan.n
 
Decision making in management 23 09-2012
Decision making in management 23 09-2012Decision making in management 23 09-2012
Decision making in management 23 09-2012kovairaj
 
Decision Making in an Organization
Decision Making in an OrganizationDecision Making in an Organization
Decision Making in an Organizationed gbargaye
 
Chapter 6 Decision Making The Essence Of The Manager S Job
Chapter 6   Decision Making The Essence Of The Manager S JobChapter 6   Decision Making The Essence Of The Manager S Job
Chapter 6 Decision Making The Essence Of The Manager S Jobmanagement 2
 
Techniques of Decision Making
Techniques of Decision MakingTechniques of Decision Making
Techniques of Decision MakingHimanshu Verma
 
Decision making by individual and group
Decision making by individual and groupDecision making by individual and group
Decision making by individual and groupLouzel Linejan
 
Decision Making and Risk Taking
Decision Making and Risk TakingDecision Making and Risk Taking
Decision Making and Risk TakingReina Mae Salido
 
Types of planning, its goals and objectives.
Types of planning, its goals and objectives.Types of planning, its goals and objectives.
Types of planning, its goals and objectives.Vaibhav Sagar
 
Decision making bias and errors
Decision making bias and errorsDecision making bias and errors
Decision making bias and errorshumaapkeliye
 
Strategic decision making
Strategic decision makingStrategic decision making
Strategic decision makingChandra Pandey
 
Managerial Decision Making - MANAGEMENT PROCESS
Managerial Decision Making - MANAGEMENT PROCESSManagerial Decision Making - MANAGEMENT PROCESS
Managerial Decision Making - MANAGEMENT PROCESSRamasubramanian H (HRS)
 
Decision making process
Decision making processDecision making process
Decision making processAnjana Mathew
 
Techniques of group decision making
 Techniques of group decision making Techniques of group decision making
Techniques of group decision makingRINKUV
 
Perception and decision making
Perception and decision makingPerception and decision making
Perception and decision makingDr.P. KARTHIKEYAN
 

What's hot (20)

Decision Making In Management
Decision Making In ManagementDecision Making In Management
Decision Making In Management
 
political behavior-organisational politics,discretionary behavior,defensive b...
political behavior-organisational politics,discretionary behavior,defensive b...political behavior-organisational politics,discretionary behavior,defensive b...
political behavior-organisational politics,discretionary behavior,defensive b...
 
Decision making
Decision makingDecision making
Decision making
 
Decision making in management 23 09-2012
Decision making in management 23 09-2012Decision making in management 23 09-2012
Decision making in management 23 09-2012
 
Decision Making in an Organization
Decision Making in an OrganizationDecision Making in an Organization
Decision Making in an Organization
 
Decision Making - Management Principles
Decision Making - Management PrinciplesDecision Making - Management Principles
Decision Making - Management Principles
 
Chapter 6 Decision Making The Essence Of The Manager S Job
Chapter 6   Decision Making The Essence Of The Manager S JobChapter 6   Decision Making The Essence Of The Manager S Job
Chapter 6 Decision Making The Essence Of The Manager S Job
 
Techniques of Decision Making
Techniques of Decision MakingTechniques of Decision Making
Techniques of Decision Making
 
Person Job Fit1=3
Person Job Fit1=3Person Job Fit1=3
Person Job Fit1=3
 
Decision making by individual and group
Decision making by individual and groupDecision making by individual and group
Decision making by individual and group
 
Decision making
Decision makingDecision making
Decision making
 
Decision Making and Risk Taking
Decision Making and Risk TakingDecision Making and Risk Taking
Decision Making and Risk Taking
 
Types of planning, its goals and objectives.
Types of planning, its goals and objectives.Types of planning, its goals and objectives.
Types of planning, its goals and objectives.
 
Decision making bias and errors
Decision making bias and errorsDecision making bias and errors
Decision making bias and errors
 
Strategic decision making
Strategic decision makingStrategic decision making
Strategic decision making
 
Managerial Decision Making - MANAGEMENT PROCESS
Managerial Decision Making - MANAGEMENT PROCESSManagerial Decision Making - MANAGEMENT PROCESS
Managerial Decision Making - MANAGEMENT PROCESS
 
Decision making process
Decision making processDecision making process
Decision making process
 
Techniques of group decision making
 Techniques of group decision making Techniques of group decision making
Techniques of group decision making
 
Decision making
Decision making Decision making
Decision making
 
Perception and decision making
Perception and decision makingPerception and decision making
Perception and decision making
 

Viewers also liked

Chapter 6 management (10 th edition) by robbins and coulter
Chapter 6 management (10 th edition) by robbins and coulterChapter 6 management (10 th edition) by robbins and coulter
Chapter 6 management (10 th edition) by robbins and coulterMd. Abul Ala
 
Decision Making Process
Decision Making ProcessDecision Making Process
Decision Making ProcessAima Masood
 
Chapter 6 organising and organisational culture
Chapter 6   organising and organisational cultureChapter 6   organising and organisational culture
Chapter 6 organising and organisational cultureArgon David
 
Worlds 10 Most Innovative Nations.Doc
Worlds 10 Most Innovative Nations.DocWorlds 10 Most Innovative Nations.Doc
Worlds 10 Most Innovative Nations.DocArgon David
 
Final im presentation disney
Final im presentation disneyFinal im presentation disney
Final im presentation disneywnemariam
 
Chapter 8 Leadership
Chapter 8   LeadershipChapter 8   Leadership
Chapter 8 LeadershipArgon David
 
Unit ii - manuals, organisation, motivation
Unit   ii - manuals, organisation, motivationUnit   ii - manuals, organisation, motivation
Unit ii - manuals, organisation, motivationArgon David
 
Chapter 11 international management
Chapter 11   international managementChapter 11   international management
Chapter 11 international managementArgon David
 
PowerPoint Chapter 7 Notes
PowerPoint Chapter 7 NotesPowerPoint Chapter 7 Notes
PowerPoint Chapter 7 NotesM_Osier
 
Management Chapter07
Management Chapter07Management Chapter07
Management Chapter07WanBK Leo
 
Jenis Pembuatan Keputusan
 Jenis Pembuatan Keputusan  Jenis Pembuatan Keputusan
Jenis Pembuatan Keputusan Ckg Nizam
 
International financial managment
International financial managmentInternational financial managment
International financial managmentMohammed Umair
 
International Management Presentation
International Management PresentationInternational Management Presentation
International Management Presentationwnemariam
 
Soft skills and interview presentation to students approved
Soft skills and interview presentation to students approvedSoft skills and interview presentation to students approved
Soft skills and interview presentation to students approvedArgon David
 
Chapter 5 Human Resources Management and Staffing
Chapter 5   Human Resources Management and StaffingChapter 5   Human Resources Management and Staffing
Chapter 5 Human Resources Management and StaffingArgon David
 
Chapter 7 management (10 th edition) by robbins and coulter
Chapter 7 management (10 th edition) by robbins and coulterChapter 7 management (10 th edition) by robbins and coulter
Chapter 7 management (10 th edition) by robbins and coulterMd. Abul Ala
 
The impact of globalization on international business
The impact of globalization on international businessThe impact of globalization on international business
The impact of globalization on international businesssooriya karunanithi
 

Viewers also liked (20)

Chapter 6 management (10 th edition) by robbins and coulter
Chapter 6 management (10 th edition) by robbins and coulterChapter 6 management (10 th edition) by robbins and coulter
Chapter 6 management (10 th edition) by robbins and coulter
 
Decision Making Process
Decision Making ProcessDecision Making Process
Decision Making Process
 
Chapter 6 organising and organisational culture
Chapter 6   organising and organisational cultureChapter 6   organising and organisational culture
Chapter 6 organising and organisational culture
 
Worlds 10 Most Innovative Nations.Doc
Worlds 10 Most Innovative Nations.DocWorlds 10 Most Innovative Nations.Doc
Worlds 10 Most Innovative Nations.Doc
 
Final im presentation disney
Final im presentation disneyFinal im presentation disney
Final im presentation disney
 
Chapter 8 Leadership
Chapter 8   LeadershipChapter 8   Leadership
Chapter 8 Leadership
 
Unit ii - manuals, organisation, motivation
Unit   ii - manuals, organisation, motivationUnit   ii - manuals, organisation, motivation
Unit ii - manuals, organisation, motivation
 
Chapter 11 international management
Chapter 11   international managementChapter 11   international management
Chapter 11 international management
 
PowerPoint Chapter 7 Notes
PowerPoint Chapter 7 NotesPowerPoint Chapter 7 Notes
PowerPoint Chapter 7 Notes
 
Management Chapter07
Management Chapter07Management Chapter07
Management Chapter07
 
Jenis Pembuatan Keputusan
 Jenis Pembuatan Keputusan  Jenis Pembuatan Keputusan
Jenis Pembuatan Keputusan
 
International financial managment
International financial managmentInternational financial managment
International financial managment
 
International Management Presentation
International Management PresentationInternational Management Presentation
International Management Presentation
 
Soft skills and interview presentation to students approved
Soft skills and interview presentation to students approvedSoft skills and interview presentation to students approved
Soft skills and interview presentation to students approved
 
Chapter 5 Human Resources Management and Staffing
Chapter 5   Human Resources Management and StaffingChapter 5   Human Resources Management and Staffing
Chapter 5 Human Resources Management and Staffing
 
Chapter 7 management (10 th edition) by robbins and coulter
Chapter 7 management (10 th edition) by robbins and coulterChapter 7 management (10 th edition) by robbins and coulter
Chapter 7 management (10 th edition) by robbins and coulter
 
International Business -notes-complete
International Business -notes-completeInternational Business -notes-complete
International Business -notes-complete
 
The Decision-Making Process
The  Decision-Making ProcessThe  Decision-Making Process
The Decision-Making Process
 
Planning
PlanningPlanning
Planning
 
The impact of globalization on international business
The impact of globalization on international businessThe impact of globalization on international business
The impact of globalization on international business
 

Similar to Chapter 7 Decision Making

Decision making
Decision makingDecision making
Decision makingLavan Yaa
 
decision making and decentralization.pptx
decision making and decentralization.pptxdecision making and decentralization.pptx
decision making and decentralization.pptxThangamjayarani
 
MS Tutorial 7
MS Tutorial 7MS Tutorial 7
MS Tutorial 7Est
 
Decision Making In Business
Decision Making In BusinessDecision Making In Business
Decision Making In BusinessAzan Shèíkh
 
Decision-making in Functions of Management.pptx
Decision-making in Functions of Management.pptxDecision-making in Functions of Management.pptx
Decision-making in Functions of Management.pptxpeddada4
 
Hbo ppt decision making
Hbo ppt decision makingHbo ppt decision making
Hbo ppt decision makingpilipino12345
 
Management - Chapter 7 : Individual & Group Decision Making
Management - Chapter 7 : Individual & Group Decision MakingManagement - Chapter 7 : Individual & Group Decision Making
Management - Chapter 7 : Individual & Group Decision MakingUTAR
 
Decision making
Decision makingDecision making
Decision makingSharmaSL
 
Decision Making steps and types
Decision Making steps and typesDecision Making steps and types
Decision Making steps and typesElie Kiwan
 
Module 4_Decision Making.pptx
Module 4_Decision Making.pptxModule 4_Decision Making.pptx
Module 4_Decision Making.pptxVarunPrem
 

Similar to Chapter 7 Decision Making (20)

Decision making
Decision makingDecision making
Decision making
 
Decision Making
Decision MakingDecision Making
Decision Making
 
Decision Making 2
Decision Making 2Decision Making 2
Decision Making 2
 
Decision making
Decision makingDecision making
Decision making
 
decision making and decentralization.pptx
decision making and decentralization.pptxdecision making and decentralization.pptx
decision making and decentralization.pptx
 
MS Tutorial 7
MS Tutorial 7MS Tutorial 7
MS Tutorial 7
 
Managerial decision making
Managerial decision makingManagerial decision making
Managerial decision making
 
Decision making
Decision makingDecision making
Decision making
 
Decision Making
Decision MakingDecision Making
Decision Making
 
Decision making
Decision makingDecision making
Decision making
 
Decision Making In Business
Decision Making In BusinessDecision Making In Business
Decision Making In Business
 
Decision making
Decision makingDecision making
Decision making
 
Decision-making in Functions of Management.pptx
Decision-making in Functions of Management.pptxDecision-making in Functions of Management.pptx
Decision-making in Functions of Management.pptx
 
Hbo ppt decision making
Hbo ppt decision makingHbo ppt decision making
Hbo ppt decision making
 
Management - Chapter 7 : Individual & Group Decision Making
Management - Chapter 7 : Individual & Group Decision MakingManagement - Chapter 7 : Individual & Group Decision Making
Management - Chapter 7 : Individual & Group Decision Making
 
Effective decision making
Effective decision makingEffective decision making
Effective decision making
 
Decision making
Decision makingDecision making
Decision making
 
Decision Making steps and types
Decision Making steps and typesDecision Making steps and types
Decision Making steps and types
 
Decision making
Decision making Decision making
Decision making
 
Module 4_Decision Making.pptx
Module 4_Decision Making.pptxModule 4_Decision Making.pptx
Module 4_Decision Making.pptx
 

More from Argon David

Chapter 12 Management Information Systems
Chapter 12   Management Information SystemsChapter 12   Management Information Systems
Chapter 12 Management Information SystemsArgon David
 
Chapter 10 controlling
Chapter 10   controllingChapter 10   controlling
Chapter 10 controllingArgon David
 
Unit I - Management Science and Theory and Practice
Unit I - Management Science and Theory and PracticeUnit I - Management Science and Theory and Practice
Unit I - Management Science and Theory and PracticeArgon David
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social ResponsibilityArgon David
 
Unit-III Controlling
Unit-III Controlling Unit-III Controlling
Unit-III Controlling Argon David
 

More from Argon David (6)

Chapter 12 Management Information Systems
Chapter 12   Management Information SystemsChapter 12   Management Information Systems
Chapter 12 Management Information Systems
 
Chapter 10 controlling
Chapter 10   controllingChapter 10   controlling
Chapter 10 controlling
 
Unit I - Management Science and Theory and Practice
Unit I - Management Science and Theory and PracticeUnit I - Management Science and Theory and Practice
Unit I - Management Science and Theory and Practice
 
Planning
PlanningPlanning
Planning
 
Corporate Social Responsibility
Corporate Social ResponsibilityCorporate Social Responsibility
Corporate Social Responsibility
 
Unit-III Controlling
Unit-III Controlling Unit-III Controlling
Unit-III Controlling
 

Recently uploaded

Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...fonyou31
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAssociation for Project Management
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13Steve Thomason
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdfSoniaTolstoy
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxSayali Powar
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactPECB
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsTechSoup
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxVS Mahajan Coaching Centre
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDThiyagu K
 
9548086042 for call girls in Indira Nagar with room service
9548086042  for call girls in Indira Nagar  with room service9548086042  for call girls in Indira Nagar  with room service
9548086042 for call girls in Indira Nagar with room servicediscovermytutordmt
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Sapana Sha
 
The byproduct of sericulture in different industries.pptx
The byproduct of sericulture in different industries.pptxThe byproduct of sericulture in different industries.pptx
The byproduct of sericulture in different industries.pptxShobhayan Kirtania
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphThiyagu K
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactdawncurless
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...EduSkills OECD
 

Recently uploaded (20)

Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
Ecosystem Interactions Class Discussion Presentation in Blue Green Lined Styl...
 
APM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across SectorsAPM Welcome, APM North West Network Conference, Synergies Across Sectors
APM Welcome, APM North West Network Conference, Synergies Across Sectors
 
The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13The Most Excellent Way | 1 Corinthians 13
The Most Excellent Way | 1 Corinthians 13
 
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdfBASLIQ CURRENT LOOKBOOK  LOOKBOOK(1) (1).pdf
BASLIQ CURRENT LOOKBOOK LOOKBOOK(1) (1).pdf
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptxPOINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
POINT- BIOCHEMISTRY SEM 2 ENZYMES UNIT 5.pptx
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Introduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The BasicsIntroduction to Nonprofit Accounting: The Basics
Introduction to Nonprofit Accounting: The Basics
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions  for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions  for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
Measures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SDMeasures of Dispersion and Variability: Range, QD, AD and SD
Measures of Dispersion and Variability: Range, QD, AD and SD
 
9548086042 for call girls in Indira Nagar with room service
9548086042  for call girls in Indira Nagar  with room service9548086042  for call girls in Indira Nagar  with room service
9548086042 for call girls in Indira Nagar with room service
 
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111Call Girls in Dwarka Mor Delhi Contact Us 9654467111
Call Girls in Dwarka Mor Delhi Contact Us 9654467111
 
The byproduct of sericulture in different industries.pptx
The byproduct of sericulture in different industries.pptxThe byproduct of sericulture in different industries.pptx
The byproduct of sericulture in different industries.pptx
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
Z Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot GraphZ Score,T Score, Percential Rank and Box Plot Graph
Z Score,T Score, Percential Rank and Box Plot Graph
 
Accessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impactAccessible design: Minimum effort, maximum impact
Accessible design: Minimum effort, maximum impact
 
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
Presentation by Andreas Schleicher Tackling the School Absenteeism Crisis 30 ...
 

Chapter 7 Decision Making

  • 1. DECISION-MAKING • George R.Terry “ Decision-making is the selection based on some criteria from two or more possible alternatives”. • Felix M.Lopez “ A decision represents a judgment, a final resolution of a conflict of needs, means or goals, and a commitment to action made in face of uncertainty, complexity and even irrationally”. • Decision-making involves the process of establishing goals, tasks and searching for alternatives for a decision problem.
  • 2. Characteristics of Decision-Making 1.Decision-maker has freedom to choose an alternative. 2.Decision-making may not be completely rational 3.Goal-oriented 4.Mental or intellectual process because the final decision is made by the decision-maker 5.Decision may be expressed in words or may be implied from behaviour 6.Choosing from among alternative course of operation implies uncertainty about the final result of each possible course of operation 7.Rational, thorough analysis and reasoning and weighing consequences of the various alternatives.
  • 3. Types of Decision-Making 1. Programmed Decisions (Routine & Repetitive) 2. Non–Programmed Decisions (Unique /Unusual Problems) 3. Strategic Decisions (Crucial Importance-Diversification) 4. Tactical Decisions (Short term problems & minor ones)
  • 4. Decision Making Process Specific Identification of Search for Evaluation of Objectives Problems Alternatives Alternatives Results Action Choice of Alternatives