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    Welcome To: Niranajana Majithia College of Commerce

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    Muneeb Sahani
    This document provides an overview of decision making for students at the Niranjana Majithia College of Commerce. It introduces six presenters and defines decision making as examining possibilities and options to choose a course of action. The document outlines four stages of decision making and four models used in decision making, including rational, social, bounded rationality, and judgement heuristics and biases models. It distinguishes between programmed and non-programmed decisions and lists six C's of decision making: construct, compile, collect, compare, consider, and commit.

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    Welcome To: Niranajana Majithia College of Commerce

    Uploaded by

    Muneeb Sahani
    8 views12 pages
    This document provides an overview of decision making for students at the Niranjana Majithia College of Commerce. It introduces six presenters and defines decision making as examining possibilities and options to choose a course of action. The document outlines four stages of decision making and four models used in decision making, including rational, social, bounded rationality, and judgement heuristics and biases models. It distinguishes between programmed and non-programmed decisions and lists six C's of decision making: construct, compile, collect, compare, consider, and commit.

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    This PPT is tell about decision and How to make a decision making...

    Original Title

    Decision Making

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    This document provides an overview of decision making for students at the Niranjana Majithia College of Commerce. It introduces six presenters and defines decision making as examining possibilities and options to choose a course of action. The document outlines four stages of decision making and four models used in decision making, including rational, social, bounded rationality, and judgement heuristics and biases models. It distinguishes between programmed and non-programmed decisions and lists six C's of decision making: construct, compile, collect, compare, consider, and commit.

    Copyright:

    © All Rights Reserved
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    8 views12 pages

    Welcome To: Niranajana Majithia College of Commerce

    Uploaded by

    Muneeb Sahani
    This document provides an overview of decision making for students at the Niranjana Majithia College of Commerce. It introduces six presenters and defines decision making as examining possibilities and options to choose a course of action. The document outlines four stages of decision making and four models used in decision making, including rational, social, bounded rationality, and judgement heuristics and biases models. It distinguishes between programmed and non-programmed decisions and lists six C's of decision making: construct, compile, collect, compare, consider, and commit.

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    of 12

    WELCOME TO

    NIRANAJANA MAJITHIA
    COLLEGE
    OF COMMERCE

    PRESENTERS
    KANCHAN SINGH (36)
    HIRAJ LALJANI (18)
    JAYESH TAVAR (47)
    MUNEEB SAHANI (27)
    CHANDRESH PANCHAL (20)
    PAWAN MISHRA (22)

    DEFINITION
    DECISION MAKING

    The process of
    examining your possibilities and
    options, comparing them and
    choosing a course of action.

    DECISION MAKING STAGES

    Orientation Stage
    Conflict Stage
    Emergence Stage
    Reinforcement Stage

    DECISION MAKING models

    Rational Model
    Social Model
    Bounded Rationality Model
    Judgement Heuristics and Biases

    DECISION
    Decision is partly
    divided in two parts.
    1. Programmed
    2. Non Programmed

    Types of Decisions
    - Programmed decisions.
    Involve routine problems that arise
    regularly and can be addressed through
    standard responses.
    - Non Programmed decisions.
    Involve non-routine problems that
    require solutions specifically tailored to the
    situation at hand.

    Six Cs of DECISION MAKING


    o
    o
    o
    o
    o
    o

    Construct
    Compile
    Collect
    Compare
    Consider
    Commit

    CONSTRUCT :Construct a clear picture


    of precisely
    what must be decided.

    COMPILE :Compile a list of requirements


    that must be
    met.

    COLLECT :Collect information on

    COMPARE :-

    Compare alternatives that meet


    the
    requirements.
    CONSIDER :-

    Consider the what might go


    wrong
    factor with each alternative.
    COMMIT :-

    Commit to a decision and follow


    through with it.

    THANK YOU

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