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Classical Model of
Decision Making
Prepared by-
SHASHANK GUPTA
12LEB103
GE6519
ZHCET (AMU)
What is Classical Model...???
...and ends up with a decision that best serves the
organization.
Eliminate uncertainty.
Evaluate everything rationally and logically..
Obtain complete and perfect information.
When faced with a decision making situation, managers
should...
2Prepared by- Shashank Gupta
Case Study On
For The
DECION MAKING
In Expansion Of Business
Brief Introduction
 July 9, 1918-”The Behar Journals Limited’’
 1919- English newspaper , Searchlight
 1947- Hindi Daily Pradeep (1986-
Termination)
 Hindustan Media Ventures Ltd –
Nov17,1987
 Print media, electronic media
 1986-
 Hindustan Times (English)
 Hindustan (Hindi)
Under Hindustan Times Limited (Patna)
Step 2
Obtain complete and perfect information.
When faced with a decision making situation, managers
should...
How important it is..!!
Competitors in Market
How tough the competition
is...
Step 3
Eliminate uncertainty.
Evaluate everything rationally and logically..
Obtain complete and perfect information.
When faced with a decision making situation, managers
should...
9Prepared by- Shashank Gupta
Audience to Target..!!!
 Distinguishing Different readers State
by state
 Hindi readers-
mostly in North India
 Capture more audience gradually
 Eliminating start up from South India
How to Target Them...??
 By Attacking city by city
 Focusing a city first, captive it and move
on for expansion
Breaking the current readers and attract them
 Providing Gifts
 Providing lucky draws
 Promotions etc. etc.
 Creating thrill, excitement so that
audience become a part of it.
 In short, Increasing Greediness towards
them
Evaluation..!!
Setup, Promotion, gifting etc all involves money..
How much time will it take to give back..?
More than 2 years drop Less than 2 years retain
Do the available funds or loans be get back from the decision which we are going to make?
If NO- drop the decision If YES-continue
So the company has that much fund to invest..?
If NO- Find the way for loans, avail
money then continue
If YES- continue
Step 4
...and ends up with a decision that best serves the
organization.
Eliminate uncertainty.
Evaluate everything rationally and logically..
Obtain complete and perfect information.
When faced with a decision making situation, managers
should...
13Prepared by- Shashank Gupta
Finally the decision..!!
 Recruited groups of people for
promotion
 Door to door promotion.
 Gifts for everyone who subscribe their
newspaper
 Cut down the cost drastically
(previous available newspaper cost-
3.50/-Hindustan newspaper cost-
2.00/-)
 Lucky draw, chance to win a trip and
many more decision were taken
Result and Conclusion
Classical model of decision making

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Classical model of decision making

  • 1. Classical Model of Decision Making Prepared by- SHASHANK GUPTA 12LEB103 GE6519 ZHCET (AMU)
  • 2. What is Classical Model...??? ...and ends up with a decision that best serves the organization. Eliminate uncertainty. Evaluate everything rationally and logically.. Obtain complete and perfect information. When faced with a decision making situation, managers should... 2Prepared by- Shashank Gupta
  • 3. Case Study On For The DECION MAKING In Expansion Of Business
  • 4. Brief Introduction  July 9, 1918-”The Behar Journals Limited’’  1919- English newspaper , Searchlight  1947- Hindi Daily Pradeep (1986- Termination)  Hindustan Media Ventures Ltd – Nov17,1987  Print media, electronic media  1986-  Hindustan Times (English)  Hindustan (Hindi) Under Hindustan Times Limited (Patna)
  • 5. Step 2 Obtain complete and perfect information. When faced with a decision making situation, managers should...
  • 8. How tough the competition is...
  • 9. Step 3 Eliminate uncertainty. Evaluate everything rationally and logically.. Obtain complete and perfect information. When faced with a decision making situation, managers should... 9Prepared by- Shashank Gupta
  • 10. Audience to Target..!!!  Distinguishing Different readers State by state  Hindi readers- mostly in North India  Capture more audience gradually  Eliminating start up from South India
  • 11. How to Target Them...??  By Attacking city by city  Focusing a city first, captive it and move on for expansion Breaking the current readers and attract them  Providing Gifts  Providing lucky draws  Promotions etc. etc.  Creating thrill, excitement so that audience become a part of it.  In short, Increasing Greediness towards them
  • 12. Evaluation..!! Setup, Promotion, gifting etc all involves money.. How much time will it take to give back..? More than 2 years drop Less than 2 years retain Do the available funds or loans be get back from the decision which we are going to make? If NO- drop the decision If YES-continue So the company has that much fund to invest..? If NO- Find the way for loans, avail money then continue If YES- continue
  • 13. Step 4 ...and ends up with a decision that best serves the organization. Eliminate uncertainty. Evaluate everything rationally and logically.. Obtain complete and perfect information. When faced with a decision making situation, managers should... 13Prepared by- Shashank Gupta
  • 14. Finally the decision..!!  Recruited groups of people for promotion  Door to door promotion.  Gifts for everyone who subscribe their newspaper  Cut down the cost drastically (previous available newspaper cost- 3.50/-Hindustan newspaper cost- 2.00/-)  Lucky draw, chance to win a trip and many more decision were taken

Editor's Notes

  • #2: Initial slide