DECISION MAKING, INNOVATION AND CREATIVITY

Summary Slides

Dr Kumaran Rajaram

College of Business
Nanyang Business School

Content Copyright Nanyang Technological University 1

 DECISION MAKING, INNOVATION AND CREATIVITY

Nature of managerial
decision making
• Programme/ non-
programmed decisions
• Taking/managing risks

Barriers to decision
making
• Psychological biases
• Time pressure
• Social realities
Decision making
process
• Identify and diagnose
the problem Crisis management
• Generate alternative • What is the kind/
solutions type of crisis?
• Evaluate alternative • How would crisis be
solutions Managing group
detected?
• Select one alternative decisions
• Who would detect
solution • Leadership style
crisis?
• Implement the • Constructive conflict
• How will crisis be
decision • Creativity
managed?
• Evaluate the decision • How can we benefit
from the crisis after
it has passed?

Developed
Content Copyright Nanyang Technological University by Dr. Kumaran RAJARAM, PhD 2