Basics of Decion Making
Title: Basics of Decision Making
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BASICS OF DECISION MAKING
Making of decision is a process which has been in existence since the beginning of mankind. At first it was all about reading of trails and interpretation of dreams, and then it later developed to voting of among Athenian citizens in Greece, the voting of Senate members among the Roman or the guidance of a temple oracle enlightened by the Gods. As balanced thought has further developed, decision has become a complex outcome of prior analysis of possible alternatives and risks that imply. Good decision making is the ability of envisaging, foreseeing and understanding the impact of decision made. There are, therefore, different types of decision: personal, managerial and governmental. The main aim of this study is to understand several steps taken for good decision making and also levels of decision making. The essay objectively aims at clarifying the basics of decision making.
Decision making is a process which relies on reliable information and verifiable data. Enough time should be spent because time and research done is proportional to the importance of the decision. There are several mechanisms of decision making: Context describes the circumstances surrounding the decision. For example who is to be involved and deadline to ensure a successful outcome? Objectives bring out a clear understanding of expected result and these guides in decision making. Significant effort should be put in the uncovering the possible decisions. With all the options available, studying how each may be implemented and obvious outcomes they will produce. Criteria are used to pick the best option. Some conditions must be met so that the final decision can be successful. All choices should be screened for benefits and detriments corresponding to ones socio-economic context, future trend and expectations and the impact over already existing long-term goals. Then,
Your name
The Name of the Course
Your Instructor’s Name
The Date
BASICS OF DECISION MAKING
Making of decision is a process which has been in existence since the beginning of mankind. At first it was all about reading of trails and interpretation of dreams, and then it later developed to voting of among Athenian citizens in Greece, the voting of Senate members among the Roman or the guidance of a temple oracle enlightened by the Gods. As balanced thought has further developed, decision has become a complex outcome of prior analysis of possible alternatives and risks that imply. Good decision making is the ability of envisaging, foreseeing and understanding the impact of decision made. There are, therefore, different types of decision: personal, managerial and governmental. The main aim of this study is to understand several steps taken for good decision making and also levels of decision making. The essay objectively aims at clarifying the basics of decision making.
Decision making is a process which relies on reliable information and verifiable data. Enough time should be spent because time and research done is proportional to the importance of the decision. There are several mechanisms of decision making: Context describes the circumstances surrounding the decision. For example who is to be involved and deadline to ensure a successful outcome? Objectives bring out a clear understanding of expected result and these guides in decision making. Significant effort should be put in the uncovering the possible decisions. With all the options available, studying how each may be implemented and obvious outcomes they will produce. Criteria are used to pick the best option. Some conditions must be met so that the final decision can be successful. All choices should be screened for benefits and detriments corresponding to ones socio-economic context, future trend and expectations and the impact over already existing long-term goals. Then,