SlideShare ist ein Scribd-Unternehmen logo

Decision making process lecture # 03 (06.07.14)

•Als PPTX, PDF herunterladen•
•
Dynamic Research Centre & institute
Dynamic Research Centre & institute

Lecture # 03 for MBA Students on Decision Making

Bildung
1 von 15
Dr. Akhlas Ahmed Preston University MBA Class, Lecture # 03 July 6th 2014
Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
1. Recognize need for a decision: Managers must first realize the need for which a decision must be made.
Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
2. Frame the problem: managers must frame problem for which decision is to be made.
Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
3. Generate alternatives: managers must develop feasible alternative courses of action. ▪ If good alternatives are missed, the resulting decision is poor. ▪ It is hard to develop creative alternatives, so managers need to look for new ideas. Evaluate alternatives: what are the advantages and disadvantages of each alternative? ▪ Managers should specify criteria, then evaluate.
Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
4. Choose among alternatives: managers rank alternatives and decide. ▪ While ranking, all information needs to be considered.
Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
5. Implement choose alternative: managers must now carry out the alternative. ▪ Often a decision is made and not implemented.
Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
6. Learn from feedback: managers should consider what went right and wrong with the decision and learn for the future. ▪ Without feedback, managers never learn from experience and might repeat the same mistake.
Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
Decision making process lecture # 03 (06.07.14)

Empfohlen

Decision making
Decision makingDecision making
Decision makingDynamic Research Centre & institute
 
Decision making
Decision makingDecision making
Decision makinganasejazbutt
 
POM - Decision Making
POM - Decision Making POM - Decision Making
POM - Decision Making Vignesh Ramaswamy
 
Steps, styles and types of decision making
Steps, styles and types of decision making Steps, styles and types of decision making
Steps, styles and types of decision making Syed Maniruzzaman Pabel
 
Decision Making In Business
Decision Making In BusinessDecision Making In Business
Decision Making In BusinessAzan Shèíkh
 
IBM: Managerial Decision Making
IBM: Managerial Decision MakingIBM: Managerial Decision Making
IBM: Managerial Decision Makingعرشيه طاهر
 
Decision making
Decision makingDecision making
Decision makingBraa.A Askari
 
itmis decision making models
itmis decision making models itmis decision making models
itmis decision making modelsnishikantwar
 

Empfohlen

Decision making
Decision makingDecision making
Decision makingDynamic Research Centre & institute
 
Decision making
Decision makingDecision making
Decision makinganasejazbutt
 
POM - Decision Making
POM - Decision Making POM - Decision Making
POM - Decision Making Vignesh Ramaswamy
 
Steps, styles and types of decision making
Steps, styles and types of decision making Steps, styles and types of decision making
Steps, styles and types of decision making Syed Maniruzzaman Pabel
 
Decision Making In Business
Decision Making In BusinessDecision Making In Business
Decision Making In BusinessAzan Shèíkh
 
IBM: Managerial Decision Making
IBM: Managerial Decision MakingIBM: Managerial Decision Making
IBM: Managerial Decision Makingعرشيه طاهر
 
Decision making
Decision makingDecision making
Decision makingBraa.A Askari
 
itmis decision making models
itmis decision making models itmis decision making models
itmis decision making modelsnishikantwar
 
Decision making
Decision makingDecision making
Decision makingDivya Chhabra
 
4 creative problem solving and decision making
4 creative problem solving and decision making4 creative problem solving and decision making
4 creative problem solving and decision makingBeulah Heights University
 
Decision making (ppt)
Decision making (ppt)Decision making (ppt)
Decision making (ppt)Navita Pannu
 
Decision models
Decision modelsDecision models
Decision modelsnishikantwar
 
Decision Making
Decision MakingDecision Making
Decision MakingEr. Narayan Koirala
 
Ppt career planning in business lecture # 02 (07.01.15)
Ppt career planning in business lecture # 02 (07.01.15)Ppt career planning in business lecture # 02 (07.01.15)
Ppt career planning in business lecture # 02 (07.01.15)Dynamic Research Centre & institute
 
Decision making and negotiation
Decision making and negotiationDecision making and negotiation
Decision making and negotiationAbhijeet2509
 
Decision Making: Decision Making Process, Stages in Decision Making, Individu...
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Decision Making: Decision Making Process, Stages in Decision Making, Individu...
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Ashish Hande
 
Decision Making
Decision MakingDecision Making
Decision MakingDeepiKaur2
 
Decision making
Decision makingDecision making
Decision makingJyothi Chinnasamy
 
Management & Decision Making
Management & Decision MakingManagement & Decision Making
Management & Decision MakingRashed Barakzai
 
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...AMALDASKH
 
Objectives and decision making
Objectives and decision makingObjectives and decision making
Objectives and decision makingPrime University
 
Decision making by suresh aadi8888
Decision making by suresh aadi8888Decision making by suresh aadi8888
Decision making by suresh aadi8888Suresh Aadi Sharma
 
Decision making ppt
Decision making ppt Decision making ppt
Decision making ppt Rajaguru S
 
Decision making by salman ii
Decision making by salman iiDecision making by salman ii
Decision making by salman iiSalman Saraf
 
Decision making
Decision makingDecision making
Decision makingSaxion University, School of Entrepreneurship
 
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESS
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESSEFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESS
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESSVISHAL VERMA LAKHNAWI JI
 
Decision theory
Decision theoryDecision theory
Decision theoryrewa_monami
 
A technical approach for Decision Making
A technical approach for Decision Making A technical approach for Decision Making
A technical approach for Decision Making Himanshu Agrawal
 
Decision Making in Management
Decision Making in ManagementDecision Making in Management
Decision Making in ManagementDynamic Research Centre & institute
 
Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02international islamic university islamabad
 

Weitere ähnliche Inhalte

Was ist angesagt?

4 creative problem solving and decision making
4 creative problem solving and decision making4 creative problem solving and decision making
4 creative problem solving and decision makingBeulah Heights University
 
Decision making (ppt)
Decision making (ppt)Decision making (ppt)
Decision making (ppt)Navita Pannu
 
Decision making and negotiation
Decision making and negotiationDecision making and negotiation
Decision making and negotiationAbhijeet2509
 
Decision Making: Decision Making Process, Stages in Decision Making, Individu...
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Decision Making: Decision Making Process, Stages in Decision Making, Individu...
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Ashish Hande
 
Decision Making
Decision MakingDecision Making
Decision MakingDeepiKaur2
 
Management & Decision Making
Management & Decision MakingManagement & Decision Making
Management & Decision MakingRashed Barakzai
 
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...AMALDASKH
 
Objectives and decision making
Objectives and decision makingObjectives and decision making
Objectives and decision makingPrime University
 
Decision making by suresh aadi8888
Decision making by suresh aadi8888Decision making by suresh aadi8888
Decision making by suresh aadi8888Suresh Aadi Sharma
 
Decision making ppt
Decision making ppt Decision making ppt
Decision making ppt Rajaguru S
 
Decision making by salman ii
Decision making by salman iiDecision making by salman ii
Decision making by salman iiSalman Saraf
 
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESS
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESSEFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESS
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESSVISHAL VERMA LAKHNAWI JI
 
A technical approach for Decision Making
A technical approach for Decision Making A technical approach for Decision Making
A technical approach for Decision Making Himanshu Agrawal
 

Was ist angesagt? (20)

Decision making
Decision makingDecision making
Decision making
 
4 creative problem solving and decision making
4 creative problem solving and decision making4 creative problem solving and decision making
4 creative problem solving and decision making
 
Decision making (ppt)
Decision making (ppt)Decision making (ppt)
Decision making (ppt)
 
Decision models
Decision modelsDecision models
Decision models
 
Decision Making
Decision MakingDecision Making
Decision Making
 
Ppt career planning in business lecture # 02 (07.01.15)
Ppt career planning in business lecture # 02 (07.01.15)Ppt career planning in business lecture # 02 (07.01.15)
Ppt career planning in business lecture # 02 (07.01.15)
 
Decision making and negotiation
Decision making and negotiationDecision making and negotiation
Decision making and negotiation
 
Decision Making: Decision Making Process, Stages in Decision Making, Individu...
Decision Making: Decision Making Process, Stages in Decision Making, Individu...Decision Making: Decision Making Process, Stages in Decision Making, Individu...
Decision Making: Decision Making Process, Stages in Decision Making, Individu...
 
Decision Making
Decision MakingDecision Making
Decision Making
 
Decision making
Decision makingDecision making
Decision making
 
Management & Decision Making
Management & Decision MakingManagement & Decision Making
Management & Decision Making
 
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...
DECISION MAKING – DEFINITION, CHARACTERISTICS, ELEMENTS, PROCESS, TYPES AND P...
 
Objectives and decision making
Objectives and decision makingObjectives and decision making
Objectives and decision making
 
Decision making by suresh aadi8888
Decision making by suresh aadi8888Decision making by suresh aadi8888
Decision making by suresh aadi8888
 
Decision making ppt
Decision making ppt Decision making ppt
Decision making ppt
 
Decision making by salman ii
Decision making by salman iiDecision making by salman ii
Decision making by salman ii
 
Decision making
Decision makingDecision making
Decision making
 
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESS
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESSEFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESS
EFFECTIVE BUSINESS DECISION MAKING CONCEPTS AND PROCESS
 
Decision theory
Decision theoryDecision theory
Decision theory
 
A technical approach for Decision Making
A technical approach for Decision Making A technical approach for Decision Making
A technical approach for Decision Making
 

Ähnlich wie Decision making process lecture # 03 (06.07.14)

Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02Sreeja Vidyadharan
 
Decision Making In Management
Decision Making In ManagementDecision Making In Management
Decision Making In ManagementVinesh Pathak
 
Decision making dr. kokila saxenapdf
Decision making dr. kokila saxenapdfDecision making dr. kokila saxenapdf
Decision making dr. kokila saxenapdfkokilasaxena
 
Organizational Decision Making
Organizational Decision MakingOrganizational Decision Making
Organizational Decision MakingHamza Amjad
 
Management Chapter no 7 Managers As Decision Makers.
Management Chapter no 7 Managers As Decision Makers.Management Chapter no 7 Managers As Decision Makers.
Management Chapter no 7 Managers As Decision Makers.AzharFareed4
 
Pom unit-ii, Principles of Management notes BBA I Semester OU
Pom unit-ii, Principles of Management notes BBA I Semester OUPom unit-ii, Principles of Management notes BBA I Semester OU
Pom unit-ii, Principles of Management notes BBA I Semester OUBalasri Kamarapu
 
Chapter 4 : Organizing
Chapter 4 : OrganizingChapter 4 : Organizing
Chapter 4 : OrganizingPeleZain
 
Decision Making 1.ppt
Decision Making 1.pptDecision Making 1.ppt
Decision Making 1.pptJamsyPacaldo3
 
Limitations of managerial planning and decision planning
Limitations of managerial planning and decision planningLimitations of managerial planning and decision planning
Limitations of managerial planning and decision planningAMALDASKH
 
Principle of management decision makings
Principle of management decision makingsPrinciple of management decision makings
Principle of management decision makingsMuhammadArif877294
 
Decision making , rr mob.2011(3)
Decision making , rr mob.2011(3)Decision making , rr mob.2011(3)
Decision making , rr mob.2011(3)nishakdas
 

Ähnlich wie Decision making process lecture # 03 (06.07.14) (20)

Decision Making in Management
Decision Making in ManagementDecision Making in Management
Decision Making in Management
 
Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02
 
Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02Decisionmakinginmanagement 100104122821-phpapp02
Decisionmakinginmanagement 100104122821-phpapp02
 
Decision Making In Management
Decision Making In ManagementDecision Making In Management
Decision Making In Management
 
Chpt06
Chpt06Chpt06
Chpt06
 
Decision making dr. kokila saxenapdf
Decision making dr. kokila saxenapdfDecision making dr. kokila saxenapdf
Decision making dr. kokila saxenapdf
 
Organizational Decision Making
Organizational Decision MakingOrganizational Decision Making
Organizational Decision Making
 
Decision making
Decision makingDecision making
Decision making
 
Management Chapter no 7 Managers As Decision Makers.
Management Chapter no 7 Managers As Decision Makers.Management Chapter no 7 Managers As Decision Makers.
Management Chapter no 7 Managers As Decision Makers.
 
Pom unit-ii, Principles of Management notes BBA I Semester OU
Pom unit-ii, Principles of Management notes BBA I Semester OUPom unit-ii, Principles of Management notes BBA I Semester OU
Pom unit-ii, Principles of Management notes BBA I Semester OU
 
decision making process
decision making processdecision making process
decision making process
 
Chapter 4 : Organizing
Chapter 4 : OrganizingChapter 4 : Organizing
Chapter 4 : Organizing
 
Decision Making 1.ppt
Decision Making 1.pptDecision Making 1.ppt
Decision Making 1.ppt
 
Chapter seven
Chapter sevenChapter seven
Chapter seven
 
Limitations of managerial planning and decision planning
Limitations of managerial planning and decision planningLimitations of managerial planning and decision planning
Limitations of managerial planning and decision planning
 
3rd session ct
3rd session ct3rd session ct
3rd session ct
 
Decision Making Process.ppt
Decision Making Process.pptDecision Making Process.ppt
Decision Making Process.ppt
 
decision-making.pptx
decision-making.pptxdecision-making.pptx
decision-making.pptx
 
Principle of management decision makings
Principle of management decision makingsPrinciple of management decision makings
Principle of management decision makings
 
Decision making , rr mob.2011(3)
Decision making , rr mob.2011(3)Decision making , rr mob.2011(3)
Decision making , rr mob.2011(3)
 

Mehr von Dynamic Research Centre & institute

Mehr von Dynamic Research Centre & institute (20)

Talks1 @ NILAT(05.10.2023) Orientation to Research.pptx
Talks1 @ NILAT(05.10.2023) Orientation to Research.pptxTalks1 @ NILAT(05.10.2023) Orientation to Research.pptx
Talks1 @ NILAT(05.10.2023) Orientation to Research.pptx
 
Talks # 2
Talks # 2 Talks # 2
Talks # 2
 
CV Synopsis Prof. Dr. Akhlas Ahmed
CV Synopsis Prof. Dr. Akhlas AhmedCV Synopsis Prof. Dr. Akhlas Ahmed
CV Synopsis Prof. Dr. Akhlas Ahmed
 
Profile Dr. Akhlas Ahmed (March 6th 2021)
Profile Dr. Akhlas Ahmed (March 6th 2021)Profile Dr. Akhlas Ahmed (March 6th 2021)
Profile Dr. Akhlas Ahmed (March 6th 2021)
 
Workplace Communication in Organization
Workplace Communication in OrganizationWorkplace Communication in Organization
Workplace Communication in Organization
 
Lecture # 3
Lecture # 3 Lecture # 3
Lecture # 3
 
Lecture # 2
Lecture # 2 Lecture # 2
Lecture # 2
 
Lecture # 1
Lecture # 1 Lecture # 1
Lecture # 1
 
Lecture # 16
Lecture # 16Lecture # 16
Lecture # 16
 
Lecture # 16
Lecture # 16Lecture # 16
Lecture # 16
 
Course Outlines for Strategic Marketing Fall-2018-19
Course Outlines for Strategic Marketing Fall-2018-19Course Outlines for Strategic Marketing Fall-2018-19
Course Outlines for Strategic Marketing Fall-2018-19
 
Lecture # 04
Lecture # 04 Lecture # 04
Lecture # 04
 
Teaching methods
Teaching methodsTeaching methods
Teaching methods
 
Teaching methods
Teaching methodsTeaching methods
Teaching methods
 
Lecture # 5 nilat (jan 2nd 2018)
Lecture # 5 nilat (jan 2nd 2018)Lecture # 5 nilat (jan 2nd 2018)
Lecture # 5 nilat (jan 2nd 2018)
 
Lecture # 3 nilat (dec 6th 2017)
Lecture # 3 nilat (dec 6th 2017)Lecture # 3 nilat (dec 6th 2017)
Lecture # 3 nilat (dec 6th 2017)
 
Lecture # 2 nilat (nov 22nd 2017)
Lecture # 2 nilat (nov 22nd 2017)Lecture # 2 nilat (nov 22nd 2017)
Lecture # 2 nilat (nov 22nd 2017)
 
Lecture # 1 nilat (nov 15th 2017)
Lecture # 1 nilat (nov 15th 2017)Lecture # 1 nilat (nov 15th 2017)
Lecture # 1 nilat (nov 15th 2017)
 
5th Lecture Market Analysis of Strategic Marketing
5th Lecture Market Analysis of Strategic Marketing5th Lecture Market Analysis of Strategic Marketing
5th Lecture Market Analysis of Strategic Marketing
 
1st lecture strategic marketing
1st lecture strategic marketing1st lecture strategic marketing
1st lecture strategic marketing
 

Kürzlich hochgeladen

CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxGaneshChakor2
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991RKavithamani
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppCeline George
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...Marc Dusseiller Dusjagr
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfciinovamais
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxRoyAbrique
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformChameera Dedduwage
 
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
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
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
 
mini mental status format.docx
mini mental status format.docxmini mental status format.docx
mini mental status format.docxPoojaSen20
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...RKavithamani
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introductionMaksud Ahmed
 
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
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
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
 
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
 

Kürzlich hochgeladen (20)

CARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptxCARE OF CHILD IN INCUBATOR..........pptx
CARE OF CHILD IN INCUBATOR..........pptx
 
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
Industrial Policy - 1948, 1956, 1973, 1977, 1980, 1991
 
URLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website AppURLs and Routing in the Odoo 17 Website App
URLs and Routing in the Odoo 17 Website App
 
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
“Oh GOSH! Reflecting on Hackteria's Collaborative Practices in a Global Do-It...
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Activity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdfActivity 01 - Artificial Culture (1).pdf
Activity 01 - Artificial Culture (1).pdf
 
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptxContemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
 
A Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy ReformA Critique of the Proposed National Education Policy Reform
A Critique of the Proposed National Education Policy Reform
 
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
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
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
 
mini mental status format.docx
mini mental status format.docxmini mental status format.docx
mini mental status format.docx
 
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
Privatization and Disinvestment - Meaning, Objectives, Advantages and Disadva...
 
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
Mattingly "AI & Prompt Design: Structured Data, Assistants, & RAG"
 
microwave assisted reaction. General introduction
microwave assisted reaction. General introductionmicrowave assisted reaction. General introduction
microwave assisted reaction. General introduction
 
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
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
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
 
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
 
Staff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSDStaff of Color (SOC) Retention Efforts DDSD
Staff of Color (SOC) Retention Efforts DDSD
 

Decision making process lecture # 03 (06.07.14)

  • 1. Dr. Akhlas Ahmed Preston University MBA Class, Lecture # 03 July 6th 2014
  • 2. Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
  • 3. 1. Recognize need for a decision: Managers must first realize the need for which a decision must be made.
  • 4. Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
  • 5. 2. Frame the problem: managers must frame problem for which decision is to be made.
  • 6. Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
  • 7. 3. Generate alternatives: managers must develop feasible alternative courses of action. ▪ If good alternatives are missed, the resulting decision is poor. ▪ It is hard to develop creative alternatives, so managers need to look for new ideas. Evaluate alternatives: what are the advantages and disadvantages of each alternative? ▪ Managers should specify criteria, then evaluate.
  • 8. Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
  • 9. 4. Choose among alternatives: managers rank alternatives and decide. ▪ While ranking, all information needs to be considered.
  • 10. Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
  • 11. 5. Implement choose alternative: managers must now carry out the alternative. ▪ Often a decision is made and not implemented.
  • 12. Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback
  • 13. 6. Learn from feedback: managers should consider what went right and wrong with the decision and learn for the future. ▪ Without feedback, managers never learn from experience and might repeat the same mistake.
  • 14. Recognize need for a decision Frame the problem Generate & assess alternatives Choose among alternatives Implement chosen alternative Learn from feedback