Decision making by salman
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This document outlines the seven steps of the decision making process: 1) identifying the problem, 2) identifying decision criteria, 3) allocating weights to criteria based on importance, 4) developing alternatives, 5) analyzing alternatives' strengths and weaknesses against criteria, 6) selecting an alternative, and 7) implementing the chosen alternative by gaining commitment from those responsible. The process aims to make well-informed decisions by thoroughly evaluating problems, criteria, alternatives, and consequences.
Decision making by salman
- 1. Principle of management Decision Making
- 3. • IDENTIFYING THE PROBLEMIDENTIFYING THE PROBLEM • IDENTIFYING THE DECISION CRITERIAIDENTIFYING THE DECISION CRITERIA • ALLOCATING THE WEIGHT TO CRITERIAALLOCATING THE WEIGHT TO CRITERIA • DEVELOPING ALTERNATIVESDEVELOPING ALTERNATIVES • ANALYZING ALTERNATIVEANALYZING ALTERNATIVE • SELECTING AN ALTERNATIVESELECTING AN ALTERNATIVE • IMPLEMENTING THE ALTERNATIVEIMPLEMENTING THE ALTERNATIVE • EVALUATING THE DECISIONS EFFECTIVENESSEVALUATING THE DECISIONS EFFECTIVENESS Copyright © 2010 Pearson Education, Inc. Publishing as Prentice HallCopyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall
- 5. Step 3: Allocating Weights to the Criteria • Decision criteria are not of equal importance: Assigning a weight to each item places the items in the correct priority order of their importance in the decision-making process.
- 6. Step 5: Analyzing AlternativesStep 5: Analyzing Alternatives • Appraising each alternative’s strengths and weaknesses An alternative’s appraisal is based on its ability to resolve the issues identified in steps 2 and 3.
- 7. Step 7: Implementing the AlternativeStep 7: Implementing the Alternative • Putting the chosen alternative into action. Conveying the decision to and gaining commitment from those who will carry out the decision.
- 9. DECISIONS IN THE MANAGEMENTDECISIONS IN THE MANAGEMENT FUNCTIONSFUNCTIONS
- 17. Copyright © 2010 Pearson Education, Inc. Publishing as Prentice HallCopyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall 6–6–1717