Training

On

Decision MakingPresented By : Jyoti

Savaliya(137380592048)

Guided By : Prof.Harsh Modha

Objective of The Training

To develop decision making skill

To take quick and better decision

To understand a general rational model of decision

making

Introduction

Decision-making is the study of identifying and choosing

alternatives based on the values and preferences of the

decision maker.

Decision-making is one of the central activities of

management and is a huge part of any process of

implementation

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Every organization needs to make decisions at one pointor other as part of managerial process. Decisions aremade in the best interest of the organization.

Decisions are taken to support organizational growth.

The whole fabric of management, i.e. its day to dayoperation is rightly built on managerial decisions.

Decision Making

A decision making is one when there are different things

you can do and you pick one of them.

You make lots of decision everyday!

Lesson plan

About decision making

Why is this training important for an organization?

Advantage of this skill

A general rational model of decision making

Tips to develop this skill for employees

About Decision Making

Why do we need to make Decisions?

To achieve your goals

To avoid mistakes

“No one makes the right decision every time. But by

developing your decision-making skills, you can

increase your success rate!“

What Is Decision Making??

Decision making is the cognitive process leading to the

selection of a course of action among alternatives.

Every decision making process produce a final choice.

Examples:

Shopping

Deciding what to eat

What to wear

Definition

Decision Making is the act of choosing between two or

more courses of action'.

Types of Decisions

Programmed decisions

Involve routine problems that arise regularly and can be

addressed through standard responses

Nonprogrammer decisions

involve non routine problems that require solutions

specifically tailored to the situation at hand.

The Decision Making Process

Define the problem

Clarify your objectives

Identify alternatives

Analyze the consequences

Make a choice

Factors Effecting Decision Making

Perception

Priority

Acceptability

Demands

Style

Resources

Judgment

Why is This Training Important For an

Organization?

It is basis of business policies

It facilitates efficient performance of managerial function

It helps in maintaining cordial industrial relations

Advantage Of This Skill

Existence of large alternatives

More information can be processed

Coordination is easier

communication is easier

A General Rational Model Of Decision

Making

Identify the problem

Establish decision criteria

Weigh decision criteria

Generate alternatives

Evaluate the alternatives

Choose the best alternative

Implement the decision

Evaluate the decision

Tips To Develop This Skill For

Employees

Information availability

Aligning Motivations and Incentives

Coaching

Removing Fear of Failure

Focus on the process, not the outcome.

Conclusion

Decision making is the act of choosing between a

number of alternatives.

In the wider process of problem solving, decision

making involves choosing between possible solutions to

a problem

Continue

Decision-making is a key skill in the workplace, and is

particularly important if you want to be an effective

leader.

So, decision making is a major and important task for

managers as the quality of managers decision is the

yardstick of the effectiveness and value to the

organisation