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  • DEFINITION: The Process Through Which Managers Identify and Resolve Problems and Capitalize On Opportunities

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    Decision making is the process through which managers identify and resolve problems and capitalize on opportunities. It involves investigating the situation, developing alternatives, evaluating the alternatives, and implementing and monitoring the selected alternative. There are different types of decision making including individual, group, and programmed decision making. Group decision making techniques include brainstorming, nominal group technique, and the Delphi technique.

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    MGT MIND MAP 3

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    Decision making is the process through which managers identify and resolve problems and capitalize on opportunities. It involves investigating the situation, developing alternatives, evaluating the alternatives, and implementing and monitoring the selected alternative. There are different types of decision making including individual, group, and programmed decision making. Group decision making techniques include brainstorming, nominal group technique, and the Delphi technique.

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    13 views1 page

    DEFINITION: The Process Through Which Managers Identify and Resolve Problems and Capitalize On Opportunities

    Uploaded by

    izzahkj
    Decision making is the process through which managers identify and resolve problems and capitalize on opportunities. It involves investigating the situation, developing alternatives, evaluating the alternatives, and implementing and monitoring the selected alternative. There are different types of decision making including individual, group, and programmed decision making. Group decision making techniques include brainstorming, nominal group technique, and the Delphi technique.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    DEFINITION: The process through which managers identify and

    resolve problems and capitalize on opportunities.

    investigate the situation

    Develop alternatives
    THE RATIONAL OF DECISION MAKING
    Evaluate alternative and select the best one

    Implement and monitor


    TYPES OF DECISION MAKING

    CHAPTER 3: DECISION MAKING


    A technique used to enhance creativity that encourages group members to generate
    Brainstorming
    as many novel ideas as possible on a given topic without evaluating them

    Individual members list their ideas on the specific problem and present the ideas at
    Nominal group technique (NGT) one time, without discussion
    GROUP DECISIONAL MAKING
    Members’ ideas are recorded so that everyone can see them

    An approach that uses the experts to make predictions and forecasts about future
    Delphi' technique events without meeting face-to-face

    TYPES OF CONDITIONS UDER DECISION MAKING

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