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    The Decisional Process

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    Cosmin Reissler
    This document outlines the decision-making process, including its key components, steps, models, and types of decisions. The components are the decision makers, alternatives, criteria, consequences, and objectives. The steps are defining the situation, identifying alternatives, evaluating them, selecting the best, implementing it, and following up. Two models are described - the classical rational model and the administrative bounded rationality model. Decision types vary based on frequency, conditions, time horizons, number of decision makers, and decision-making level.

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    The Decisional Process

    Uploaded by

    Cosmin Reissler
    14 views6 pages
    This document outlines the decision-making process, including its key components, steps, models, and types of decisions. The components are the decision makers, alternatives, criteria, consequences, and objectives. The steps are defining the situation, identifying alternatives, evaluating them, selecting the best, implementing it, and following up. Two models are described - the classical rational model and the administrative bounded rationality model. Decision types vary based on frequency, conditions, time horizons, number of decision makers, and decision-making level.

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    Decision

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    This document outlines the decision-making process, including its key components, steps, models, and types of decisions. The components are the decision makers, alternatives, criteria, consequences, and objectives. The steps are defining the situation, identifying alternatives, evaluating them, selecting the best, implementing it, and following up. Two models are described - the classical rational model and the administrative bounded rationality model. Decision types vary based on frequency, conditions, time horizons, number of decision makers, and decision-making level.

    Copyright:

    © All Rights Reserved
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    14 views6 pages

    The Decisional Process

    Uploaded by

    Cosmin Reissler
    This document outlines the decision-making process, including its key components, steps, models, and types of decisions. The components are the decision makers, alternatives, criteria, consequences, and objectives. The steps are defining the situation, identifying alternatives, evaluating them, selecting the best, implementing it, and following up. Two models are described - the classical rational model and the administrative bounded rationality model. Decision types vary based on frequency, conditions, time horizons, number of decision makers, and decision-making level.

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    THE DECISIONAL

    PROCESS
    The Components of the Decisional
    Process
    1. The decident (s)
    2. The decisional alternatives
    3. The decisional criterias
    4. The evaluation criterias
    5. Business Environment
    6. The consequences
    7. The objectives
    The steps of the decisional process
     Recognizing and defining the situation
     Identifying alternatives

     Evaluating alternatives

     Selecting the best alternative (THE DECISION)

     Implementing the chosen alternative

     Follow-up and evaluation


    Decisional Models
     The Classical Model
     managers should have complete and perfect information
     managers should eliminate uncertainty
     managers should evaluate everything logically and rationally

     The Administrative Model


     managers have incomplete and imperfect information
     managers are constrained by bounded rationality
     managers tend to satisfice
    Types of decision (1)
    Decision-Making Frecquency :
     Programmed Decisions
     Nonprogrammed Decisions

    Decision-Making Conditions:
     Decision Making Under Certainty
     Decision Making Under Risk
     Decision Making Under Uncertainty

    Decision-Making Time Horizons :


     Strategic Decision
     Tactical Decision
     Operational Decision
    Types of decision (2)
    Decision-Maker Number:
     Individual Decisions
     Group Decisions
    - Interacting Groups (brainstorming)
    - Delphi Groups
    - Nominal Groups

    Decision-Making Level:
     Centralised Decisions
     Decentralised Decisions

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