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Syed Maniruzzaman Syed Maniruzzaman PabelPabel

ID: 142-15-4186ID: 142-15-4186

Our Topic :

Steps, styles and types of decision making ,with example.

Decision making?

Decision making is the  process of selecting a logical choice from the available options, two or more alternatives.

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Steps of decision making:

1.Identify a problem2.Identify decision criteria3.Allocating weights of the criteria4.Devloping alternatives5.Analyzing alternatives6.Selecting an alternative7.Implementing the alternative8.Evaluating decision effectiveness

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1.Identify a problem:

A discrepancy between an existing and desired state A discrepancy between an existing and desired state of affairs.of affairs.

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2. Identifying Decision Criteria

investments requiredchance of failuregrowth of the firm.

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3.Allocating weights of the criteria

Decision criteria are not of equal importance

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4.Devloping alternatives:

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5.Analyzing alternativesAppraising each alternative’s strengths and

weaknesses

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6.Selecting an alternative

Choosing the best alternative

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7.Implementing the alternativePutting the chosen alternative into action.Conveying the decision to and gaining commitment from those who will carry out

the decision.

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8.Evaluating decision effectiveness

The soundness of the decision is judged by its outcomes.

How effectively was the problem resolved by outcomes resulting from the chosen alternatives?

If the problem was not resolved, what went wrong?

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Assessed Values of Laptop Computers Using Assessed Values of Laptop Computers Using Decision making CriteriaDecision making Criteria

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Styles of decision making:

Decision making style proposes people differ along two dimensions in the way they approach decision making. The first is an individual way of thinking. The other dimension describes anindividuals tolerance for ambiguity.

# decision making styles of four types.

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1) Directive Style: Managers using directive style have low tolerance for ambiguity and are rational in their way of thinking. They are efficient and logical.

(2) Analytic Style: Managers with an analytic style have high tolerance for ambiguity than do directive type and are rational in their way of thinking. (3) Conceptual Style: Managers with conceptual style have high tolerance for ambiguity and an intuitive way of thinking.

(4) Behavioral Style: Managers with behavioral style have low tolerance  and an intuitive way of thinking.

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Types of decision making:Decision making have six types:1. Programmed and non programmed decisions: Programmed decisions are those which are normally repetitive in nature and are taken as a routine job and responsibilities.2. Major and minor decisions:  among different decisions some decisions are considerably more important than others and are prioritized. 3. Routine and strategic decisions: Routine decisions are those decisions which are considered as tactical decisions.

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4. Organizational and personal decision: Organizational decision is taken by top executives. For official purpose. They affect the organizational activities directly.

5. Individual and group decisions: When a single employee is involved in decision making it is called individual decision.

6. Policy and operating decisions: Policy decisions are taken by top level management to change the rules, procedures, organizational

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Every Body

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