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Decision Making Final PPT(2)

Decision Making Final PPT(2)

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Published by Tanu Chaturvedi

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Published by: Tanu Chaturvedi on Jul 12, 2011
Copyright:Attribution Non-commercial

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11/12/2014

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DecisionMaking
 
“ Decision-making is the process of identifying problems andopportunities and selecting a course of action to deal with aspecific problem or take advantage of an opportunity.”A Decision represents
a course of action
chosen from a
number
 of possible alternatives.As per 
Kreitner,
Decision making is a process of 
identifying
and
choosing
alternative courses of action in a manner appropriate tothe
demand
of situation.
Defining Decision Making
 
Characteristics of Decision MakingProcess.
It is a human process involving to a great extent the applicationof Intellectual abilities.
It is a process of choosing a course of action from among thealternative courses of action.
It is an end process preceded by deliberation and reasoning.
It is always related to a
situation.
Involves a certain commitment of the Organization for adoptinga specific course of action.
Decision Making in business is always related to its Objectives.
Help in solving problems, resolving crisis and tackling varioussituations.

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