1. Decision Making in Business Professional Development LAP 10
Weigh Your Options
Decision Making in Business
Professional Development LAP 10

2. Weigh Your Options A B C Explain the importance of decision making.
Decision Making in Business A
Explain the importance of decision making. B
Discuss what influences how decisions are made. C
Demonstrate the process of making a decision.
Professional Development LAP 10

3. A
Explain the importance of decision making.

4. You make a ton of tiny decisions every day.
Some are bigger than others.
How can you make the best decisions possible?
Use the nine steps of successful decision making.

5. Choosing Isn't Always Easy
What if you need to:
Prepare next week’s presentation?
Update your database?
Review résumés?
You'll need to apply the skill of decision making.

6. What Is Decision Making?
Choosing among alternatives
Types of decisions:
Routine
Limited
Extensive

7. Decision Making vs. Problem Solving
Decision = Selection
Problem = Undesirable situation
You can use decision making to solve a problem.
You don't need a problem to make a decision.

8. B
Discuss what influences how decisions are made.

9. What Affects Decision Making?
Internal
Experience
Emotion
Insight or intuition
Commitment to an outcome
Comfort with risk

10. What Affects Decision Making?
External
Framing
Logic

11. Decision-Making Styles
Minimum
Moderate
Maximum

12. C
Demonstrate the process of making a decision.

13. What Is a Decision-Making Model?
An organized way to decide
Guides your thinking
Walks you through common-sense steps

14. Steps for Successful Decision Making
Pinpoint your objective.
Determine what you need to know.
Gather the information you need.
Select an appropriate decision-making style.

15. Steps for Successful Decision Making
Establish decision criteria.
Identify alternatives.
Weigh the pros and cons.
Make the decision.
Evaluate the decision's success.

16. Jeanie is supposed to check with Susan before buying a new copier.
The deal is only good today, and Susan's out of town.
What should she do?

17. Acknowledgments Original Developers:
Kerry Winfrey and Lelia Ventling, MBAResearch
Version 2.0
Copyright © 2013
MBA Research and Curriculum Center

18. Digital-based photography sources:
ThinkStock Photography
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