Types and Styles of Decision making.
- 2. Process of alternative courses Of action according to “Whatever a manager does, he does through decision making”
- 3. Case of DRK Textiles Decided to Manufacture Design, Size, Weight, Color ??? Material to be used ??? Raw material : Where and When to purchase ??? When to start the production??? Marketing of Final Product ?? Sale price ??
- 5. Normally repetitive in nature. Short term impact. Generally made by Middle/Lower level management. Made by using Rules or Guidelines. e.g. Starting your vehicle before riding/driving. Purchasing a new machine. Granting a leave to an employee.
- 6. Non repetitive in nature. Made by Top level management. Relatively unstructured.. ( means no rules or Guidelines to follow. Made by using Experience, Creativity and Innovativeness. Need to Collect data and analyze then forecast the plans. e.g. Choosing your vacation destination. Introduction of New product. Investment in New technology.
- 8. Group leader solves the problem, using the information he possesses. He/she does not consult with anyone else nor seek information in any form. This style assumes that the leader has sufficient information to make an effective decision.
- 9. The leader doesn’t possess sufficient information, To make effective decisions. He/she need to obtain information from others. They may not tell them what the problem is, simply evaluates the information And make the decision.
- 10. The leader explains the situation to the group, And together they generate and evaluate many possible solutions. This style tends to be, A long term perspective, Will be more creative and expansive, Entailing a higher level of risk for The long term benefit of organization.
- 11. People with this style work well, Although they like to hold meetings, but they have tendency to avoid conflicts and are concerned about others. Here they makes decision based on what feels right, and what will motivate the team members.,
- 12. Types of Decision Making Styles of Decision Making