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    Management Decision Making

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    Marconie Nacar
    This document covers various topics related to management decision making. It discusses barriers to individual decision making, styles of decision making, rational vs other types of decision making, evidenced-based decision making, using decision trees, and managing group decisions. Specific barriers covered include lack of time, unreliable data, risk tolerance, too many options, lack of support, and inability to change. Managerial styles discussed are problem avoider, problem solver, and problem seeker. The rational decision making process and what constitutes evidenced-based decision making are also summarized.

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    Management Decision Making

    Uploaded by

    Marconie Nacar
    51 views32 pages
    This document covers various topics related to management decision making. It discusses barriers to individual decision making, styles of decision making, rational vs other types of decision making, evidenced-based decision making, using decision trees, and managing group decisions. Specific barriers covered include lack of time, unreliable data, risk tolerance, too many options, lack of support, and inability to change. Managerial styles discussed are problem avoider, problem solver, and problem seeker. The rational decision making process and what constitutes evidenced-based decision making are also summarized.

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    MANAGEMENT DECISION MAKING

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    This document covers various topics related to management decision making. It discusses barriers to individual decision making, styles of decision making, rational vs other types of decision making, evidenced-based decision making, using decision trees, and managing group decisions. Specific barriers covered include lack of time, unreliable data, risk tolerance, too many options, lack of support, and inability to change. Managerial styles discussed are problem avoider, problem solver, and problem seeker. The rational decision making process and what constitutes evidenced-based decision making are also summarized.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    51 views32 pages

    Management Decision Making

    Uploaded by

    Marconie Nacar
    This document covers various topics related to management decision making. It discusses barriers to individual decision making, styles of decision making, rational vs other types of decision making, evidenced-based decision making, using decision trees, and managing group decisions. Specific barriers covered include lack of time, unreliable data, risk tolerance, too many options, lack of support, and inability to change. Managerial styles discussed are problem avoider, problem solver, and problem seeker. The rational decision making process and what constitutes evidenced-based decision making are also summarized.

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    of 32

    MANAGEMENT

    DECISION
    MAKING
    AIROTCIV IVY BLAISE P. MANGAWANG, MBA
    Part 1: Barriers to Individual
    Decision Making

    Part 2: Styles of Decision Making

    Topics Part 3: Rational VS Other Types of

    Covered
    Decision Making

    Part 4: Evidenced-based Decision


    Making

    Part 5: The Use of Decision Tree

    Part 6: Managing Group Decision


    Making
    What is Decision
    Making?
    It is used interchangeably in
    management along with problem-
    solving as management are always
    saddled with problems that
    needed decisions.
    CHARACTERISTICS
    OF MANAGERIAL
    DECISIONS
    1& UNCERTAINTY

    2 LACK OF
    STRUCTURE
    CONFLICT

    RISK
    3&
    4
    Types of
    Managerial
    Decisions
    Generally, there are two types of
    managerial decisions:

    Structured or Programmed Decisions

    Non-Structured or Non Program Decisions


    Role of Executive Manager in dealing
    with changing circumstances:

    1 2 3 4

    Disturbance Entrepreneur Negotiator Resource


    Handler Allocator
    Barriers to
    Individual
    Decision Making
    The Level of Decision
    Making is Not Clear
    There is sometimes doubt about a manager's level of authority, such as
    whether he has the authority to make changes to the present system. This
    frequently causes uncertainty in the minds of managers, particularly middle-
    level managers.
    Lack of Time
    Decisions made on the spur of the moment frequently
    result in tragic outcomes. Businesses, on the other hand,
    are subject to emergencies, and you may find yourself
    having to make a decision in a short amount of time as a
    decision-maker. For most leaders, this is a challenging
    obstacle to overcome; yet, an effective leader must face
    these challenges.
    Lack of Reliable Data
    Making appropriate decisions can be hampered by a lack
    of reliable facts. Due to ambiguous and inadequate data,
    it is often difficult for them to make an acceptable
    conclusion, which may or may not be the best for any
    given business.
    Risk-Taking Ability
    Any decision carries a significant possibility of having a
    negative outcome. However, in order to make an
    efficient judgment, it is vital to take calculated risks. At
    the same time, a careless attitude and a full disregard
    for risks will not lead to suitable conclusions.
    Too Many Options
    If there are too many possibilities for an
    effective solution, a management may face a
    problem. It can be tough to choose the right
    one, especially if a given decision favors one
    department over another.
    Inadequate Support
    A manager, no matter how good he is, cannot function
    without proper support from his subordinates. A
    manager's job may be compromised if he or she does
    not receive appropriate support from upper
    management or lower-level personnel.
    Lack of Resources
    Due to a shortage of resources (time, people, and equipment), a manager may
    find it difficult to put his ideas into action. In these situations, he should explore
    for other techniques that fit within the constraints of the available resources.
    However, if he believes that a shortage of resources is preventing the
    organization's growth, he must take necessary action.
    Inability to Change
    Every company has its own distinct culture, which
    characterizes how it operates. Some policies, on the other
    hand, are not favourable to managers seeking a change.
    The main barrier is top-level management's and
    subordinates' rigid mentalities, which prevents a
    manager from making constructive changes even if he
    wants to.
    Managerial Styles in
    Decision Making
    The Problem Avoider-
    Smoother
    He seeks to maintain the organizational status quo and acts from making
    changes
    He tries to maintain current conditions and would avoid rocking the boat.
    He prefers to reconcile conflict and seeks to smooth over any conflict.
    He tries to avoid as much as possible problems that may require time and
    effort for him to study
    The Problem Solver
    He solves managerial problems in the normal course of doing things.
    He looks for innovations and improvements.
    He is receptive to changes and make things happen.
    The Problem Seeker
    He seeks out problems and attempts to deal with them
    before they emerge as a major difficulty for the
    business.
    He believes that for the organization to prosper, it must
    innovate and change.
    He is pro-active rather than reactive.
    Stages in Rational
    Decision Making
    The Rational Decision Making Proces
    What is Evidenced-Based
    Decision Making?

    It is a way of integrating empirical information and research-supported


    principles to justice system choices made at the case, agency, and system
    levels that is strategic and deliberate.
    The Use of Decision
    Making Tree
    What is a Decision Tree?

    A decision tree is a flowchart that depicts a logical path to a


    conclusion.

    What are the different parts of the Decision Tree?

    Decision nodes: Representing a decision (typically shown with a square)


    Chance nodes: Representing probability or uncertainty (typically denoted by a circle)
    End nodes: Representing an outcome (typically shown with a triangle)
    Example of a Decision Making Tree
    Managing
    Group
    Decisions
    Advantages Disadvantages
    The sum of a group's Everyone in the group
    knowledge, abilities, must devote time to the
    creativity, and competence process, and group
    will always be greater than discussion and interaction
    any single member's. take longer than individual
    When a group makes a decision-making
    decision, all members have processes.
    a far better grasp of the There's also a risk that
    issues and the reasons for parties with radically
    the decision. opposing viewpoints will
    find it difficult to agree on
    a course of action that they
    can all accept.
    It is hard to measure
    accountability in groups.
    https://www.proschoolonline.com/blog/hurdles-faced-effective-decision-
    making

    https://courses.lumenlearning.com/wmopen-
    principlesofmanagement/chapter/rational-decision-making-vs-other-types-
    of-decision-making/

    https://nicic.gov/projects/evidence-based-decision-

    References making#:~:text=Evidence%2DBased%20Decision%20Making%20(EBDM,%2C%2
    0agency%2C%20and%20system%20level.

    https://careerfoundry.com/en/blog/data-analytics/what-is-a-decision-
    tree/

    https://courses.lumenlearning.com/wm-
    principlesofmanagement/chapter/barriers-to-individual-decision-making/

    Pereda, P. & Pereda, P. (2014). Principles of Management and Organization.


    Mindshapers Co., Inc., Intramuros, Manila, Philippines
    LET'S CONNECT

    AIROTCIV IVY BLAISE P. MANGAWANG, MBA


    INSTRUCTOR 1, OMSC

    Thank you!
    [email protected] @airducation

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