Decision Making

 Decision Making Composition

TABLE OF CONTENTS

1 . INTRODUCTION

1 ) 1 What is Decision-Making? ………………………………….. ……. …….. 2 – 2 1 ) 2 what is Decision-Making Environment? ………………………. ….. ….... several – several 1 . several Types of Group Decision Making ……………………………………...... 5 – 5

2 . NOMINAL GROUP TECHNIQUE

2 . one particular Detailed Description & Methods ……………………………………………. 5 – 5 2 . a couple of Application of Nominal Group Strategy in a Real-Life Situation …….. 6 – 7 2 . 3 Nominal Group Strategy Advantages …………………….. …………... almost eight – on the lookout for 2 . some Nominal Group Technique Cons ……………………... …….. 10 – 11

3. CONCLUSION…………………………………………………………….. 12 – 13

4. REFERENCES…………………………………………………………….. 14 – 14

1 . introduction

1 . 1 Precisely what is Decision Making?

In accordance to David Stoner, " decision making is definitely the process of discovering and picking out a course of action to resolve a specific problem”. In other words, decision making is defined as a procedure to identify problems, generate substitute solutions, find the best solutions available and implement them. Decision making is usually an essential facet of modern managing. It is a principal function of management. A manager's main job is usually rational decision making. Rational making decisions refers to producing decisions depending on facts, views and reasonable reasons. Generally, decisions that are performed based on details and thoughts are the best decisions. Nevertheless, only some decision producers can make decisions that are realistic. This is due to the limits that exist inside the environment or perhaps within the decision maker.

1 ) 2 Precisely what is Decision Making Surroundings?

Every decision is made in a decision environment, which is defined as the collection info, values, alternatives, and choices available at time of the decision. A good decision is not only affected by the encounter, skills and efficiency, but also the adequacy and validity with the information acquired that are relevant to the business environment (Abu Mansor et al., 1999). Whenever we could get sufficient details, it will be easier for us to prediction situations which may occur in the near future. Thereafter, the process of decision making will probably be easy and appropriate. Generally, you will discover three info situation at the same time of making decisions. (i) Making decisions in certain condition – Capable to obtain total information to facilitate his decision making.

(ii) Decision making in uncertain condition – Will not have any information, the administrator need to use his knowledge and acumen to make a decision.

(iii) Decision making in dangerous condition – Obtain imperfect information, only give a few insight in predicting what is going to occur.

1 ) 3 Types Of Group Decision Making

Generally, there are 3 main strategies of group decision making, which are thinking, nominal group technique and Delphi technique.

Brainstorming is actually a technique that requires a group of people, generally between five to ten, generating concepts in the form of cost-free association. This method encourages the generation of ideas as much as possible without any criticism. In the early stage, most ideas irrespective of good or bad is definitely accepted without evaluated for the purpose of motivating almost all members inside the generation of ideas. In the end ideas have been collected, analysis will be created by discussing the huge benefits and disadvantages in the ideas provided.

Nominal group strategy is similar to thinking except that the approach is more structured. This technique gathers info by asking individuals to interact to questions posed by a pemandu, and then asking participants to prioritize the ideas or suggestions coming from all group members. The process helps prevent the domination of the discussion by a single person, promotes all group members to participate, and results in some prioritized alternatives or recommendations that represent the group's preferences.

Delphi technique, this technique is the modification of the nominal group technique, only that it entails...

Popular