Managerial Decision making

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Sourcing information is a core task in decision <strong>making</strong>.
• How much do we already know • How do we set to seek more • How do we test the reliability and validity of information • From whom we can get expert advice
Page 2 and 3: A decision is a choice from availab
Page 4 and 5: Making a decision is committing to
Page 6 and 7: A decision made in response to a si
Page 8 and 9: A decision had clear-cut goals and
Page 10 and 11: Goals to be achieved are unclear, a
Page 12 and 13: This model is based on economic ass
Page 14 and 15: This model describes how managers a
Page 16 and 17: Satisficing means that decision mak
Page 18 and 19: • Limited information about alter
Page 20 and 21: • Intuitive decision-making is no
Page 22 and 23: This model is useful for making non
Page 24: • Inconsistent viewpoints, ambigu
Page 27 and 28: Managers confront a decision requir
Page 29 and 30: A situation in which managers see p
Page 31 and 32: • What is the problem? • What i
Page 33 and 34: • What is the interconnectedness
Page 35 and 36: Once the problem has been recognize
Page 37: • Good decisions are based on inf
Page 41 and 42: • Asking around - friends, collea
Page 43 and 44: • Consistent • Not too brief
Page 45 and 46: • advice itself • reputation of
Page 47 and 48: • Relate your problem to complete
Page 49 and 50: Improve qualityUse synthetic materi
Page 51 and 52: Appraisal can help us choose betwee
Page 53 and 54: • List the options • List selec
Page 55 and 56: • Define the course of action to
Page 57 and 58: Most decision in bureaucratic and p
Page 59 and 60: • Best fits the overall goals and
Page 61 and 62: The step in the decision making pro
Page 63 and 64: Decision maker gathers information
Page 65 and 66: • Need to define objectives and c
Page 68 and 69: • Directive • Analytical • Co
Page 70 and 71: • Complex solutions based on too
Page 72 and 73: • This type of mangers have a dee
Page 74 and 75: • Physically relaxed • Emotiona
Page 76 and 77: • Present the problem to the grou
Page 78 and 79: • Present the problem to the grou
Page 80 and 81: Decide Discuss Consult Facilitate D
Page 82 and 83: You can consult others on the basis
Page 84 and 85: • Lack of authenticity • Lack o
Page 86 and 87: Decision is commitment to action
Page 88 and 89:
Commitment rests with one person. T
Page 90 and 91:
• Management is getting result th
Page 92 and 93:
• Decision Tree • Pareto Analys
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Managerial Decision making

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