Managerial Decision Making

Slides:

Advertisements

Similar presentations

Critical and Creative Thinking Becoming an Active Learner Chapter 4.

Advertisements

© 2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Understanding the Management Process

Managerial Decision Making

Chapter 9 Decision Making.

Managerial Decision Making

Human Relations Creative Problem Solving and Decision Making.

Problem Solving and Decision Making A situation that exists when objectives are not being met. Problem Solving The process of taking corrective.

PowerPoint Presentation by Charlie Cook Creative Problem Solving and Decision Making Chapter 4 Copyright © 2003 South-Western/Thomson Learning. All rights.

1 Chapter 5 Problem Solving and Decision Making. 2 Steps in Problem Solving and Decision Making Identify and Diagnose Problem Choose One Alternative Solution.

Decision Making H Edu 4790/6790. Dealing with problems Problem avoiders Problem solvers Problem seekers.

Copyright Cengage Learning 2013 All Rights Reserved 1 Chapter 2: Strategic Planning for Competitive Advantage Prepared & Designed by Laura Rush, B-Books,

Management, Supervision, and Decision Making

© 2013 South-Western, a part of Cengage Learning. All rights reserved. Chapter 6 | Slide 1 Chapter 6: Understanding the Management Process.

Foundations of Business 3e

Chapter Seven Understanding the Management Process.

© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Engineering Design Process

Management Function and Decision Making

Foundations of Business 3e

The Decision Making Process

Chapter Seven Understanding the Management Process.

9-1 Copyright © 2005 Prentice-Hall Chapter 9 Creative Problem Solving Management: A Skills Approach, 2/e by Phillip L. Hunsaker Copyright © 2005 Prentice-Hall.

MANAGEMENT RICHARD L. DAFT.

Chapter 16: Decision Making Creating Effective Organizations.

Lecture # 10 & 11 Chapter 5 – Managerial Decision Making.

© 2013 The McGraw-Hill Companies, Inc. All rights reserved. Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

Chapter 3: Information and Decision-Making

Copyright © Cengage Learning. All rights reserved.6 | 1 Chapter Six Understanding the Management Process.

Decision-Making. Decision Making ▪Decision Making - is choosing among two or more alternatives (choices) ▪Begins with identification of a problem and.

 Figure 2.1 The Organization, the Levels of Its [2] Environment, and the Components of Those Levels Figure 2.1 The Organization, the Levels of Its [2]

Managerial Decision Making CHAPTER 9. Copyright © 2008 by South-Western, a division of Thomson Learning. All rights reserved. 2 Learning Objectives Explain.

Copyright © 2014 by The University of Kansas Generating and Choosing Solutions.

Copyright © 2011 Delmar, Cengage Learning. ALL RIGHTS RESERVED. Chapter 5 Critical Thinking, Decision Making, and the Nursing Process.

© 2010 South-Western, Cengage Learning SLIDE 1 Chapter 11 Lesson 11.1 Making Better Decisions Learning Objectives LO 1-1 Apply the decision-making process.

Managerial Decision Making

Health Services Administration

MANAGEMENT RICHARD L. DAFT.

A Design Process Introduction to Engineering Design

PROBLEM SOLVING MODULE

Understanding the Management Process

6 The Manager as a Decision Maker.

Chapter Outline The Nature of Managerial Decision Making

Title of My Design and Prototype Project

Team-building Workshop: The Standard Agenda

IDEA GENERATION TECHNIQUES

Team Decision Process Problem Situations (PS) and Opportunities HURTS

The Design Process What Is Design? What Is a Design Process?

Design Process for Engineering

DECISION MAKING.

Human Resources Planning

Problem Solving Method S.P.I.C.E.

Designing an Intervention

The Decision Making Model

Generating and Choosing Solutions

Understanding the Management Process

Developed by Cool Pictures & MultiMedia Presentations

Team-building Workshop: The Standard Agenda

Solving Problems.

Solving Problems.

The Planning and Decision making

Designing an Intervention

Problem solving and decision making

The Problem-Solving Process

Problem-Solving Communication

What is the difference between it and Brainstorming?

Lesson 3.2 Product Planning

Copyright © Cengage Learning. All rights reserved.

Presentation transcript:

Managerial Decision Making The act of choosing one alternative from among a set of alternatives Major steps in the managerial decision-making process Copyright © Cengage Learning. All rights reserved.

Managerial Decision Making (cont’d) Identifying the problem or opportunity Problem The discrepancy between an actual condition and a desired condition Opportunity A “positive” problem Problem-solving impediments Preconceptions about the problem Focusing on unimportant matters while overlooking significant issues Analyzing symptoms rather than causes Failing to look ahead Copyright © Cengage Learning. All rights reserved.

Managerial Decision-Making Process (cont’d) Generating alternatives Brainstorming Encouraging participants to come up with new ideas “Blast! then refine” Reevaluating objectives, modifying them if necessary, and devising a new solution Selecting an alternative Satisficing Choosing an alternative that is not the best possible solution, but one that adequately solves the problem Copyright © Cengage Learning. All rights reserved.

Managerial Decision-Making Process (cont’d) Implementing and evaluating the solution Requires time, planning, preparation of personnel, and evaluation of the results An effective decision removes the difference between the actual condition and the desired condition If a problem still exists, managers may Decide to give the chosen alternative more time Adopt a different alternative Start the process all over again Copyright © Cengage Learning. All rights reserved.