Scribd Logo
Upload

Welcome to Scribd!

  • Decision Making

    Uploaded by

    Shivang Kalra
    4 views1 page
    Decision making involves identifying a problem, gathering information, and choosing between alternatives. The process includes defining the problem, analyzing it, developing solutions, selecting the best alternative, implementing the decision, following up, and monitoring with feedback. Effective decision makers possess traits like knowledge, good judgment, initiative, advice-seeking, selectivity, comprehensiveness, calculated risk-taking, and self-knowledge. They consider all relevant factors, change approaches if needed, use current information, seek advice, choose the best alternative, and know their own abilities.

    Original Description:

    Original Title

    decision-making

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Decision making involves identifying a problem, gathering information, and choosing between alternatives. The process includes defining the problem, analyzing it, developing solutions, selecting the best alternative, implementing the decision, following up, and monitoring with feedback. Effective decision makers possess traits like knowledge, good judgment, initiative, advice-seeking, selectivity, comprehensiveness, calculated risk-taking, and self-knowledge. They consider all relevant factors, change approaches if needed, use current information, seek advice, choose the best alternative, and know their own abilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    Decision Making

    Uploaded by

    Shivang Kalra
    Decision making involves identifying a problem, gathering information, and choosing between alternatives. The process includes defining the problem, analyzing it, developing solutions, selecting the best alternative, implementing the decision, following up, and monitoring with feedback. Effective decision makers possess traits like knowledge, good judgment, initiative, advice-seeking, selectivity, comprehensiveness, calculated risk-taking, and self-knowledge. They consider all relevant factors, change approaches if needed, use current information, seek advice, choose the best alternative, and know their own abilities.

    Copyright:

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

    Cheatsheet

    Decision Making
    What is Decision Making?
    Decision making is the process of making choices by identifying a decision, gathering information,
    assessing alternative resolutions and choosing the best between two or more alternatives.

    Process of Decision Making

    Define Analyse Develop Select Implement Follow-up Monitor


    the the Alternative Best the and
    Problem Problem Solution Alternative Decision Feedback

    Effective behaviours in decision-making


    Individuals who are effective decision makers possess certain character traits which make them
    effective, these character traits are listed below.
    Effective decision makers -
    Knowledge Good judgment
    Have a thorough understanding of all the Exercise their best judgment in considering
    relevant influencing factors which makes factors particular to a situation rather than
    their decision a sound one merely following procedures
    Initiative Flexibility
    Do not shun away from changing the
    Take active part in initiating the decision-
    course of action or trying different
    making process and following it through
    approaches if they see better results in it
    Advice- seeking Current
    Can identify those who can make valuable Take into consideration the most current
    contributions towards their decision and state of affairs in all aspects and seize
    do not shy away from asking for advice opportunities available at that point in time
    Selectivity Calculated risk- taking
    Have the capability to select the relevant Weigh the risks and results of various
    information from the pool of data that alternatives and accept the consequences
    has been presented whether positive or negative
    Comprehensiveness Self- knowledge
    Consider all possible alternatives and Know their abilities, biases, strengths and
    weigh them comparatively before limitations, based on which they adapt
    choosing the best one effective strategies to take sound decisions

    You might also like