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Module 4 - Management and Decision - Making Process

This document discusses management and decision-making processes. It defines decision-making as selecting one course of action from two or more alternatives, which determines the action or inaction taken. Decision-making is characterized as a rational, human process involving intellectual abilities to choose between alternatives to best fulfill the objective. The scope and phases of decision-making include defining the problem, analyzing it to find facts, suggesting alternatives, selecting the best option, implementing it, and following up on the decision. Elements and principles of effective decision-making are also addressed.

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49 views6 pages

Module 4 - Management and Decision - Making Process

This document discusses management and decision-making processes. It defines decision-making as selecting one course of action from two or more alternatives, which determines the action or inaction taken. Decision-making is characterized as a rational, human process involving intellectual abilities to choose between alternatives to best fulfill the objective. The scope and phases of decision-making include defining the problem, analyzing it to find facts, suggesting alternatives, selecting the best option, implementing it, and following up on the decision. Elements and principles of effective decision-making are also addressed.

Uploaded by

zeashan42
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Management and Decision- making Process Management and Decision- making Process

Chrlxt Inlverxlty, Bungulnre


Decision- making Decision- making
Chrlxt Inlverxlty, Bungulnre
2
W Decision- making may be deIined
a 'the selection oI one course oI
action Irom two or more
alternative courses oI action. It is
a choice- making activity and the
choice determines our action or
inaction
W In the words oI Haynes and
Massie, 'Decision- making is a
process oI selection Irom a set oI
alternative courses oI action
which is thought to IulIill the
objective oI the decision problem
more satisIactorily than others
haracteristics oI Decision- making Process haracteristics oI Decision- making Process
1. From various courses oI action, it is a process oI choosing a
particular course oI action
2. It is a human process which involves the application oI intellectual
abilities
3. It is a rational process which is proceeded by deliberation and
reasoning. It may also be called as end process.
4. It is always related to a situation in which a manager may take one
decision in a particular set oI circumstances.
5. This involves certain speciIic purpose in which there may just be a
decision not to decide
$cope and Phases oI Decision- making $cope and Phases oI Decision- making
W Refer Page 95 of Manmohan
Prasad Text
1. DeIining the Problem
2. Making analysis oI the problem and to Iind Iacts
3. To suggest alternative courses oI action
4. $electing the best alternative
5. Putting the decision into practice
6. Follow- up the decisions
W ReIer Page 96 oI Manmohan Prasad Text Ior the explanation oI points
W ements of Decision- making- Refer Page 104 of Manmohan
Prasad Text
W Principes of Decision- making- Refer Page 105 of Manmohan
Prasad Text
The Decision- making Process The Decision- making Process
THANK YOU!!!!!!!!!!!

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