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    Decision Making

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    MUHAMMED ATIF
    The document discusses decision making, defining it as the selection from alternative choices to achieve objectives. It outlines different types of decisions as tactical vs strategic, organizational vs personal, and programmed vs unprogrammed. The process of decision making involves problem definition, listing alternatives, analyzing and comparing alternatives, selection, execution planning, communication, follow up, and review. Decision making can be affected by factors like importance, organizational characteristics, and personal state of mind. Techniques discussed include strategic approaches like new ventures, operations improvements methods, project management tools, marketing research, and personnel/social responsibility policies.

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    Decision Making

    Uploaded by

    MUHAMMED ATIF
    32 views5 pages
    The document discusses decision making, defining it as the selection from alternative choices to achieve objectives. It outlines different types of decisions as tactical vs strategic, organizational vs personal, and programmed vs unprogrammed. The process of decision making involves problem definition, listing alternatives, analyzing and comparing alternatives, selection, execution planning, communication, follow up, and review. Decision making can be affected by factors like importance, organizational characteristics, and personal state of mind. Techniques discussed include strategic approaches like new ventures, operations improvements methods, project management tools, marketing research, and personnel/social responsibility policies.

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    The document discusses decision making, defining it as the selection from alternative choices to achieve objectives. It outlines different types of decisions as tactical vs strategic, organizational vs personal, and programmed vs unprogrammed. The process of decision making involves problem definition, listing alternatives, analyzing and comparing alternatives, selection, execution planning, communication, follow up, and review. Decision making can be affected by factors like importance, organizational characteristics, and personal state of mind. Techniques discussed include strategic approaches like new ventures, operations improvements methods, project management tools, marketing research, and personnel/social responsibility policies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC or read online from Scribd
    Flag for inappropriate content
    Download as doc
    32 views5 pages

    Decision Making

    Uploaded by

    MUHAMMED ATIF
    The document discusses decision making, defining it as the selection from alternative choices to achieve objectives. It outlines different types of decisions as tactical vs strategic, organizational vs personal, and programmed vs unprogrammed. The process of decision making involves problem definition, listing alternatives, analyzing and comparing alternatives, selection, execution planning, communication, follow up, and review. Decision making can be affected by factors like importance, organizational characteristics, and personal state of mind. Techniques discussed include strategic approaches like new ventures, operations improvements methods, project management tools, marketing research, and personnel/social responsibility policies.

    Copyright:

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    of 5

    DECISION MAKING

    DEFINITION

    SELECTION FROM ALTERNATIVE CHOICES

    OF OBJECTIVES,POLICIES, PROCEDURES
    AND PROGRAMMES

    TYPES OF DECISIONS

    • TACTICAL AND STRATEGIC OR BASIC AND


    ROUTINE
    • ORGANISATIONAL AND PERSONAL

    • PROGRAMMED AND UNPROGRAMMED

    PROCESS OF DECISION MAKING

    1.PROBLEM DEFINING
    2.LISTING ALTERNATIVES
    3.ANALYSE AND COMPARE THE ALTERNATIVES
    4.SELECTION
    5.EXECUTION PLAN
    6.COMMUNICATION
    7.FOLLOW UP
    8.REVIEW
    SOME RULES FOR MAKING DECISIONS
    MINIMAX

    MAXIMAX

    AVERAGE

    DECISIONS ARE AFFECTED BY

    • IMPORTANCE OF THE DECISION

    • CHARACTERISTICS OF THE ORGANIZATION

    • PERSONALITY OF THE DECISION MAKER

    • STATE OF MIND WHEN MAKING A DECISION

    TECHNIQUES OF DECISION MAKING


    STRATEGIC

    1. COMPETITIVE STRATEGIES.
    2. NEW VENTURES
    3. NEW WORK PLACES
    4. NEW PRODUCTS
    5. NEW TECHNOLOGY

    OPERATIONS IMPROVEMENTS
    6. OPERATIONAL RESEARCH.
    7. SIMULATION.
    8. SEQUENCING.
    9. INVENTORY CONTROL.
    10. QUEEING THEORY.
    11. LINEAR PROGRAMMING.
    12. NETWORK ANALYSIS.

    PROJECTS

    13.PERT.
    14.RAMPS : RESOURCE ALLOCATION AND MULTI-
    PROJECT SCHEDULING.

    MARKETING

    15. MARKET RESEARCH


    16. TIME SERIES ANALYSIS
    17. BOX JENKINS
    18. VALUE ANALYSIS
    19. MARGINAL COSTING, BREAKEVEN.

    PERSONNEL POLICIES

    20. WAGES
    21. INCENTIVE SCHEMES, PRODUCTIVITY
    22. BARGAINING, BUSINESS GAMES
    23. PROGRAMMED LEARNING
    24. SKILLING
    25. ASSESSMENT CENTRES.

    SOCIAL RESPONSIBILITIES

    26. ENVIRONMENT CONSCIOUSNESS


    27. SOCIAL BENEFITS
    28. POLITICAL COMMITMENTS.

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