Decision making

DECISION MAKING ,[object Object],[object Object],[object Object],[object Object]

DECISION MAKING ,[object Object],[object Object],Our Route Map ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Defining Decision Making Chester Barnard gave a comprehensive analytical treatment of decision making. A process of narrowing choice. Decision making is universally defined as choosing between alternatives. A Classical Thought : Fayol & Urwick (Stressed Delegation) Taylor alluded scientific methods only as ideal approach. DECISION MAKING

Phases Herbert A. Simons Mintzberg Intelligent Activity Design Activity Choice Activity Selection Phase Development Phase Identification Phase DECISION MAKING

Models ,[object Object],[object Object],[object Object],[object Object],DECISION MAKING

Rational Model ,[object Object],[object Object],[object Object],[object Object],DECISION MAKING Assumptions of Complete Rationality New Rational Techniques.

Social Model Opposite extreme of rational. Model of psychology. Human bundle of feeling, emotions, instincts DECISION MAKING Reasons for escalation of commitment. Project Characteristics Psychological Determinants . Social Forces. Organizational Determinants.

Bounded Rationality Model ,[object Object],DECISION MAKING ,[object Object],Example: A Fair Price Why Bounded ? Constraint Like Time & Cost

How do intuition, judgment, and creativity affect decision making? ,[object Object],[object Object],[object Object],DECISION MAKING

Intuitive Decision Making ,[object Object],[object Object],[object Object],Decision Making

How do judgment affect decision making? ,[object Object],[object Object],[object Object],[object Object],Decision Making

[object Object],[object Object],[object Object],Decision Making

Creativity Preparation Concentration Incubation Illumination verification Decision Making

[object Object],[object Object],[object Object],[object Object],How are decisions made in organizations? Decision Making

How are decisions made in organizations? ,[object Object],[object Object],[object Object],Decision Making

Factors Influencing decision making ,[object Object],[object Object],[object Object],Decision Making

How do technology, culture, and ethics influence decision making? ,[object Object],[object Object],[object Object],[object Object],[object Object]

How do technology, culture, and ethics influence decision making? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

How do technology, culture, and ethics influence decision making? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Types of Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Decision Making

How can the decision-making process be managed? ,[object Object],[object Object],[object Object],[object Object],[object Object],Decision Making

Decision making

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Decision making