DECISION MAKING

DECISION MAKING:
 THE PROCESS OF CHOOSING A SOLUTION FROM AVAILABLE ALTERNATIVES

It is a combination of planning,organizing,leading,controlling.

The thought process of selecting a logical choice from the available options.

When trying to make a good decision, a person must weight the positives and negatives of each option, and consider all the alternatives. For effective decision making, a person must be able to forecast the outcome of each option as well, and based on all these items, determine which option is the best for that particular situation

CHARACTERISTICS OF DECISION MAKING

1)Alternative options (choice)

2)external environment impact on alternative options

      

Unclear in taking a decision .we are either disoriented or bewildered

3)assumption(connected with probability)

Higher the probability of assumption, higher the expected results.

Decision making improves relationship between employees and management

Relation decision making is a process of defining problems,  evaluating alternastives and choosing optimal solution.

 DECISION MAKING MODEL

1)IDENTIFY THE DECISION TO BE TAKEN

2)GATHER INFORMATION

3)IDENTIFY THE ALTERNATIVES

4)WEIGH THE EVIDENCE(giving important in the priority of order)

5)CHOOSE FROM ALTERNATIVES

6)TAKE ACTION

7)REVIEW THE DECISION