Decision-making is perhaps the most important component of a manager’s activities. It plays the most important role in the planning process. When the managers plan, they decide on many matters as what goals their organisation will pursue, what resources they will use, and who will perform each required task.
Q. What are the advantages of decision making?
Advantages of Decision Making
Table of Contents
- Q. What are the advantages of decision making?
- Q. What is the difference between making decision alone and with others?
- Q. What is the difference between decision and decision making?
- Q. What are good decision making skills?
- Q. What is the first step of decision making?
- Q. What is the difference between classical decision making and behavioral decision making?
- Q. What are the modes of administrative decision making?
- Gives more information.
- Increase people’s participation.
- Provide more alternatives.
- Improves the degree of acceptance and commitment.
- Improves the quality of decisions.
- Helps in strengthening the organisation.
- Costly.
- Time-consuming.
Q. What is the difference between making decision alone and with others?
Individual decision-making does not involve a group or even more than one person. Individual decision-making saves time, money and energy as individuals usually make prompt and logical decisions, says Juneja, while group decision-making involves lot of time, money and energy.
Q. What is the difference between decision and decision making?
A decision is a choice made between 2 or more available alternatives. Decision Making is the process of choosing the best alternative for reaching objectives.Azar 18, 1387 AP
Q. What are good decision making skills?
- 5 Decision Making Skills for Successful Leaders.
- Identify critical factors which will affect the outcome of a decision.
- Evaluate options accurately and establish priorities.
- Anticipate outcomes and see logical consequences.
- Navigate risk and uncertainty.
- Reason well in contexts requiring quantitative analysis.
Q. What is the first step of decision making?
- Step 1: Identify the decision. You realize that you need to make a decision.
- Step 2: Gather relevant information.
- Step 3: Identify the alternatives.
- Step 4: Weigh the evidence.
- Step 5: Choose among alternatives.
- Step 6: Take action.
- Step 7: Review your decision & its consequences.
Q. What is the difference between classical decision making and behavioral decision making?
Classical decision theory views the manager as acting in a world of complete certainty. Behavioral decision theory accepts the notion of bounded rationality and suggests that people act only in terms of what they perceive about a given situation.
Q. What are the modes of administrative decision making?
Administrative decision-making can be described as the application of general rules to individual cases, often in the context of performing public tasks. The administrative decision-making process consists of both administra- tive activities and legal acts, acts intended to have legal consequences.
