Decision Making

Please write one sentence definition of

decision making
Itis a process of examining your possible options,
comparing them & choosing a course of action.

Be sure you are right, then go ahead. David

Crocket

Doing what’s right isn’t hard, knowing what’s right

is. Lyndon Johnson
Steps in Decision Making:

1. Analysis of the problem

2. Developing alternative solutions
3. Analysing the alternatives and chosing the best on the
basis of:
4. Risk involved with the decision
Cost involved with the decision
Timing and urgency
Limitation of resources

5. Implementation and Control