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    Decision Making Skills

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    This document provides guidance on improving decision making skills. It discusses what decision making is, the process of decision making including identifying the problem, establishing criteria, generating alternatives, evaluating alternatives, and implementing the decision. It also covers types of decisions, factors that affect decision making, methods for decision making like brainstorming and the Delphi method, and factors that can negatively impact decision making at the individual and organizational level. The overall aim is to help the reader understand decision making and how to make better decisions.

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    Decision Making Skills

    Uploaded by

    sur
    44 views14 pages
    This document provides guidance on improving decision making skills. It discusses what decision making is, the process of decision making including identifying the problem, establishing criteria, generating alternatives, evaluating alternatives, and implementing the decision. It also covers types of decisions, factors that affect decision making, methods for decision making like brainstorming and the Delphi method, and factors that can negatively impact decision making at the individual and organizational level. The overall aim is to help the reader understand decision making and how to make better decisions.

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    This document provides guidance on improving decision making skills. It discusses what decision making is, the process of decision making including identifying the problem, establishing criteria, generating alternatives, evaluating alternatives, and implementing the decision. It also covers types of decisions, factors that affect decision making, methods for decision making like brainstorming and the Delphi method, and factors that can negatively impact decision making at the individual and organizational level. The overall aim is to help the reader understand decision making and how to make better decisions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    44 views14 pages

    Decision Making Skills

    Uploaded by

    sur
    This document provides guidance on improving decision making skills. It discusses what decision making is, the process of decision making including identifying the problem, establishing criteria, generating alternatives, evaluating alternatives, and implementing the decision. It also covers types of decisions, factors that affect decision making, methods for decision making like brainstorming and the Delphi method, and factors that can negatively impact decision making at the individual and organizational level. The overall aim is to help the reader understand decision making and how to make better decisions.

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    You are on page 1of 14

    How to Improve

    Decision Making Skill


    OWNED BY : - CRYSTAL GROUP
    PREPARED BY : - SAGAR GULANI
    DATE: : - 01/09/2016
    By The End Of This Training You Shall Be Able To
    Answer

     What is Decision Making?


     Process Steps of Decision Making
     Types of Decision Making
     Factors Affecting Decision Making
     6 C’s of Decision Making
     Methods of Decision Making
     Factors Affecting Decision Making
    What is Decision Making?

     In A simple words “The process of making choice among several alternatives “


     Trewatha & Newport defines decision making process as follows:, “Decision-making involves the
    selection of a course of action from among two or more possible alternatives in order to arrive at a
    solution for a given problem”.
    1. Identify the
    Problem

    8. Evaluate the 2. Establish


    Decision Decision Criteria

    7. Implement the Process Steps of 3. Weigh Decision


    Decision Decision Making Criteria

    6. Choose best 4. Generate


    Alternative Alternatives

    5. Evaluate the
    Alternatives
    While evaluating Alternatives Check if
    Factors Affecting Decision Making

    Tangible Factors Intangible Factors


     Sales  Prestige of the enterprise
     Cost  Goals
     Purchase  Consumer Behaviour
     Production  Employee Morale
     Priority  Experience of Decision Makers
     Recourses  Perception
     Demand  Risk
    Types Of Decision Making

     Programmed :- Decision that are simple  Nonprogrammed :- Decision that are


    and routine and have a pre-established new and Complicated in nature and it also
    decision making plan, Procedures or Polices. requires thought process and creativity or out
    of box thinking.
    For Instance.
    For Instance
    1> Applying for Raw Material
    1> Unable to produce desired product with
    2> Dispatching Finished Goods available SOP
    3> Applying For Leaves 2> Shortage of Financial recourses
    Etc.. 3> Natural Calamities
    Etc..
    6 C’s Of Decision Making

    1. Construct a clear picture of precisely what must be decided.


    2. Compile a list of requirements that must be met.
    3. Collect information on alternatives that meet the requirements.
    4. Compare alternative that meets your requirement.
    5. Consider the ‘What Might Go Wrong’ with all aternatives
    6. Commit to a decision and follow through with it.
    Methods Of Decision Making

     Brainstorming : - is a group creativity technique by which efforts are made to find a


    conclusion for a specific problem by gathering a list of ideas spontaneously contributed
    by its members.
     Nominal group technique :- Nominal group technique (NGT) is a structured method for
    group brainstorming that encourages contributions from everyone. First, every member of
    the group gives their view of the solution, with a short explanation. Then, duplicate
    solutions are eliminated from the list of all solutions, and the members proceed to rank the
    solutions, 1st, 2nd, 3rd, 4th, and so on.
     Survey or Poll :- An Election, where majority wins.
    Methods Of Decision Making Cntd.

     Delphi Method : - provides for a written format without having all managers meet face-
    to-face. Problem is distributed in written form to managers who then generate written
    alternatives Responses are received and summarized by top managers. These results are
    sent back to participants for feedback, and ranking. The process continues until consensus
    is reached.

     Parato analysis : Always remember the rule of 80 : 20, 80 % of the problems are because
    of the 20% of the reasons. If you fix 20 % of the reason 80 % problem you have fixed.
    Methods Of Decision Making Cntd.
    Factors Affecting Decision Making

    Individual Level Organisation Level


     Play Safe, Let me not take risk.  Begin with too little or wrong information
     Letting Fears & Biases tilt your thinking &  Overlook viable alternatives or waste time
    Analysis. considering alternatives which have no
     Craving For unanimous approval realistic prospects.
     Trying to make decision which are outside your  Not following 6 C’s
    realm of authority  Lack of SOP
     Prejudice  Lack of leadership
     Lack of Ownership

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