Principles of Management Learning Session # 15 Dr. A. Rashid Kausar.

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Presentation transcript:

Principles of Management Learning Session # 15 Dr. A. Rashid Kausar

Re-cap of Session # 14

DECISION MAKING DECISION TAKING THE JOB OF THE MANAGER

The Manager’s Performance Results after Actions Action after Planning Planning after Decisions Decisions after Analysis Analysis after Needs/Goals Goals Setting after Analysis

Conditions Under Which Decisions Are Made Certainty Risk Uncertainty Objective probabilities Subjective probabilities

Decision Making Decisions All organizational members make decisions Choices from two or more alternatives

A Decision is not allowing events to take their course willy-nilly A Decision is not allowing events to take their course willy-nilly. If you don’t decide, an outcome would still occur BUT ?

Effective Decision Making Problem Solving Or Decision Making and Decision Taking

Decision Making ‘The process by which managers identify organisational problems and try to resolve them.’

Decision Taking ‘The process by which managers take actions to effect the decision.’

‘Unless this step is taken, Decision Taking ‘Unless this step is taken, no real decision has been made and it has been an exercise in futility !

The Rational Decision Making Process Define the Problem Identify and assess Alter-natives Choose a course of Action Gather Information