decision making

Presented by :- Sakshi Bishnoi

decision making process

There are eight steps of decision making :- 1. Identification of problem2. Identification of decision criteria3. Weigh decision criteria4. Develop alternatives5. Analyzing the alternatives6. Selection of the best alternatives7. Implement the best alternative8. Evaluating the decision

problem

The decision making starts with the problem. The problem means the state of discrepancy between an existing and a desired state of affairs .

Identification of problem Make sure it’s a problem and not just a symptom of problem. Problem identification of subjective. Discrepancy can be found by comparing results with some standard. Managers aren’t likely to characterize a discrepancy as a problem if they perceive that they don’t have authority, information, or other sources needed to act on it. so, the problem we are identifying is just to get job in with maximum salary and benefits.

Identification of decision criteria Decision criteria are the factors that are important to resolving the problem :- so, the factors that are relevant in solving our problems are :-

Salary job environment Facilities Location Timings Job security Opportunity to progress

Weigh decision criteria This criteria is identified in 2 steps of decision making process aren’t equally important. So, the decision maker must weigh the items in order to give them correct priority in the decision. salary – one will give most priority to the salary.(10) opportunity to progress – third priority (7) Job environment – one will rank it to fourth. (6) Incentives – second priority. (8)

Development of alternatives Alternatives are listed that can resolve the problem :- Name of organization (shoe co.)

Nike Asics Adidas Reebok puma

Select the best alternative A individual rank the alternatives according to the best he/she gets from an organization according his/her needs. while considering or choosing the best alternative all the information needs to be considered.

Implement the best alternative

an individual will now carry out the best selected alternative.

Often the decision is but not implemented.

Evaluate the decision

Individual consider that what went right and what went wrong with the decision and learn for the future.

without feedback one never learn from experience and might repeat the mistake. So, the feedback/evaluation is quite necessary.

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