In this presentation you guys will get to know techniques of decision making which includes types of decision making, their description, Techniques of decision making(briefly described in easiest way).
6. STRATEGIC DECISIONS
Strategic decision making is an ongoing process
that involves creating strategies to achieve goals
and altering strategies based on observed
outcomes.
For example- The managers of a pizza
restaurant might have the objective of increasing
sales and decide to implement a strategy of
offering lower prices on certain products during
off hours to attract more customers.
7. INDIVIDUAL DECISIONS
When an individual person takes decisions on his
own the process is known as individual decision.
9. GROUP DECISIONS
Group decision making is a type of participatory
process in which multiple individuals acting
collectively, analyze problems or situations,
consider and evaluate alternative courses of
action, and select from among the alternatives a
solution or solutions.
11. BRAINSTORMING
It is a combination of group problem-solving and
discussions. It works on the belief that the more the
number of ideas, greater the possibility of arriving at a
solution to the problem that is acceptable to all.
13. DELPHI METHOD
In this method of decision-making, the
facilitator allows team members to individually
brainstorm and submit their ideas
“anonymously”. Other team members do not
know the owner of the ideas. The facilitator then
collects all the inputs and circulates them among
others for modifying or improving them. This
process continues until a final decision is made.
14. MULTI-VOTING
It starts with a round of voting where an individual
casts his vote for the shortlisted options. Each
individual can cast one vote at a time. The options with
the maximum number of votes are carried to the next
round. This process is repeated until a clear winning
option is obtained.
15. NOMINAL GROUP TECHNIQUE
In a nominal group technique, the team divides
itself into smaller groups and generates ideas.
Possible options are noted down in writing and
the team members further discuss these to
narrow down the possible choices they would
like to accept. Team members then discuss and
vote on the best possible choice. The choice that
receives the maximum votes is accepted as the
group decision.