Decision Making and Decision Making Discussions

Question 1

Decision Making Process

Answer 1

1) Identify the problem
2) Identifying Decision Criteria
3) Allocating weights to criteria
4) Developing Alternatives
5) Analyzing Alternatives
6) Selecting an Alternative
7) Implementing the Alternative
* Evaluating decision Effectiveness

Question 2

4 ways managers make decisions

Answer 2

1) by rational
2) by bounded rationality
3) by role of intuition
4) Evidence based management

Question 3

Program Decisions

Answer 3

Easily defined, familiar, complete, Structured

Question 4

Non-Programm Decisions

Answer 4

Unusual, incomplete, new, Unstructured

Question 5

Decision making errors & Bias

Answer 5

Various errors and biases that effect the decisions making process and the alternatives chosen by organizations