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Decision making

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Selvin Jennison
Selvin Jennison
Business
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Decision Making: The Essence of Managers’ Job by Muhammad Iqbal Malik
Key Topics ,[object Object],[object Object],[object Object],[object Object],[object Object]
Part I Introduction
Organizations ,[object Object],[object Object],[object Object],[object Object]
Managers ,[object Object],[object Object],[object Object],[object Object],[object Object]
Managers ,[object Object]
Part II Decision-making
What is decision-making? ,[object Object],[object Object],[object Object],[object Object]
Decision-making Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Problem Definition ,[object Object],[object Object],[object Object],[object Object]
Identifying Decision Criteria ,[object Object],[object Object]
Decision Criteria: Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Allocating Weights to Criteria ,[object Object],[object Object],[object Object]
Allocating Weights: Example
Developing Alternatives ,[object Object],[object Object]
Analyzing Alternatives ,[object Object],[object Object],[object Object]
Criteria Rating: Example
Analyzing & Assessment: Example
Selecting an alternative ,[object Object],[object Object]
Implementing the Alternative ,[object Object],[object Object]
Evaluation ,[object Object],[object Object],[object Object],[object Object]
Decision-making Models ,[object Object],[object Object],[object Object],[object Object],[object Object]
Rational/Bounded Rational ,[object Object]
The Rational Model ,[object Object],External and internal Environ. forces 1. Define and diagnose the problem 3. Search for alternative solutions 4. Compare and evaluate solution 5. Choose among alternative solutions 6. Implement the solution selected 7. Follow up and control
Rational Model: Assumptions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Rational Model: Criticism ,[object Object],[object Object],[object Object],[object Object],[object Object]
Bounded Rational: Assumptions ,[object Object],[object Object],[object Object],[object Object],[object Object]
Intuition ,[object Object]
Intuition ,[object Object],[object Object],[object Object],[object Object],[object Object]
Decision Types ,[object Object],[object Object],[object Object]
Programmed Decisions ,[object Object],[object Object],[object Object],[object Object],[object Object]
Non-programmed Decisions ,[object Object],[object Object],[object Object]
Non-programmed Decisions Organizational Levels Nature of Problems Nature of Decision-making Organizational hierarchy
Non-programmed Decisions ,[object Object],[object Object],[object Object],[object Object]
Decision Styles ,[object Object],[object Object]
Decision Styles: Directive ,[object Object],[object Object],[object Object],[object Object]
Decision Styles: Analytic ,[object Object],[object Object],[object Object],[object Object]
Decision Styles: Behavioural ,[object Object],[object Object],[object Object],[object Object]
Decision Styles: Conceptual ,[object Object],[object Object],[object Object],[object Object]
Vroom and Yetton Model ,[object Object],[object Object],[object Object],[object Object]
Vroom and Yetton Model ,[object Object],[object Object],[object Object],[object Object]
Vroom and Yetton Model ,[object Object],[object Object],[object Object],[object Object]
Vroom and Yetton Model ,[object Object],[object Object],[object Object],[object Object],[object Object]
Vroom and Yetton Model ,[object Object],[object Object],[object Object],[object Object],[object Object]
Vroom and Yetton Model ,[object Object],[object Object],[object Object],[object Object]
Group Decision-making ,[object Object],[object Object],[object Object],[object Object],[object Object]
Group Decisions: Advantages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Group Decisions: Disadvantages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Situational Factors for Individual Decision-making ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Situational Factors for Individual Decision-making ,[object Object],[object Object],[object Object],[object Object]
Situational Factors for Group Decision-making ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Situational Factors for Group Decision-making ,[object Object],[object Object],[object Object],[object Object]
Improving Group Decision-making ,[object Object],[object Object],[object Object]

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