The process of selecting from several choices products or ideas, and taking action.
Decision making includes followings :
1.A position or opinion or judgment reached after consideration . * 2.Choosing between alternative courses of action using cognitive processes - memory, thinking, evaluation, etc . * * 3.The process of mapping the likely consequences of decisions, working out the importance of individual factors, and choosing the best course of action to take.
What is a decision?
1.the act of making up your mind about something, or
2.a position or opinion or judgment reached after consideration.
(two significant influence on decision making are values and cognitive perception).Both effect how a decision maker interprets and respond a particular stimuli and condition.
Value: are integral to thoughts and actions ,they influence the evaluation of both problems and solution.
Cognitive perception: It is the study of how people perceive, remember, think, speak, and solve problems.
Decision making steps : or decision making model: 1. State the problem 2. Identify alternative 3. Evaluate the alternative 4. Make a decision 5. Implement your decision
This decision making model in five steps shows a logical structured methodology for making a decision. The discipline that it provides will guide you to the goal of good decision making.
Decision making effected by: 1. Lack of information 2. Lack of context 3. To much information 4. Lack of feed back 5. Cultural barriers 6. Action reaction
Decision making styles of business leaders:
Four type of decision making styles:
Analytic
Directive
Conceptual
Behavioral
Decision style model Analytic Strong need for achievement | ConceptualStrong need for achievement | DirectiveStrong need for power | BehavioralStrong need for affiliation |
Analytic decision maker have strong need for achievement in the form