Scribd
Upload
3K views10 pages

Decision Making Models

This document provides a summary of decision making models, including the economic man model, administrative model, and implicit favorite model. It also includes examples of applying these models at companies like Microsoft, Wipro Technologies, and Infosys. Key aspects of the economic model like defining the problem, developing criteria, and identifying and selecting alternatives are outlined. Assumptions of decision making models around collecting, storing, and manipulating information are also mentioned.

Uploaded by

Saurabh G
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
3K views10 pages

Decision Making Models

This document provides a summary of decision making models, including the economic man model, administrative model, and implicit favorite model. It also includes examples of applying these models at companies like Microsoft, Wipro Technologies, and Infosys. Key aspects of the economic model like defining the problem, developing criteria, and identifying and selecting alternatives are outlined. Assumptions of decision making models around collecting, storing, and manipulating information are also mentioned.

Uploaded by

Saurabh G
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
You are on page 1/ 10

BIBLIOGRAPHY

• Weihrich & Koontz, Management


• Study Material by Prof. Keshav
Sharma.
• Peter F. Drucker, Management
Tasks, Responsibilities and Practices.
• www.google.co.in
• Business Today
DECISION MAKING
MODELS

Economic Man Model


Administrative Model
Implicit Favourite Model
Economic Model

Define Select
Problem Best Act
Discover (2) Decision
Alterna
Symptom (7)
tive
(1) Develop (6)
Criteria
(3) Dev
Dev
Outc-
Altntivs
ome
(4)
(5)
ASSUMPTIONS
• Collection Of Information
• Storage Of Information
• Information Manipulation
• Economic Rationality
EXAMPLES

Introduction Of new Product


ADMINISTRATIVE MODEL

Define Establish
Problem Criteria Identify Appraise
(1) (2) Feasible Alternative
Alternative (4)
(3)

Act
(5)

Appraise
Ease
Of
Aspiration
GAMESMAN MODEL

Compare Identify
Identify Establish
Set Implicit And Rank Conform
Action Criteria
Goal Favorite Rejected
(5)
(1) (2) Alternatives Candidate
(3) (4)

Announce
Act Decision
(7) (6)
CORPORATE EXAMPLES
Microsoft Ltd
 ROB-Internal Application
 3400 Financials Analysts

Wipro Technologies Ltd


Specialized Tools

Infosys Ltd
Queries??????

You might also like