Managerial Decision making

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Making a decision is committing to a course of action
A decision made in response to a situation that has occurred often enough to enable decision rules to be developed and applied in the future.
Page 2 and 3: A decision is a choice from availab
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 and 38: • Good decisions are based on inf
Page 39 and 40: • How much do we already know •
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
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Most decision in bureaucratic and p
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• Best fits the overall goals and
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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
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• Directive • Analytical • Co
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• Complex solutions based on too
Page 72 and 73:
• This type of mangers have a dee
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• Physically relaxed • Emotiona
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• Present the problem to the grou
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• Present the problem to the grou
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Decide Discuss Consult Facilitate D
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You can consult others on the basis
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• Lack of authenticity • Lack o
Page 86 and 87:
Decision is commitment to action
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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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