Decision Making a. Explain with examples the two types of decision making. b. Explain the steps in decision making

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Individual Assignment (ADS460)

Topic 7 Decision Making

Topic 7: Decision Making

. Explain with examples the TWO (2) types of decision making.

. Explain the steps in decision making.

Introduction

Definition of Decision Making

. The thought process of selecting a logical choice from the available options[1]

. Decision making can be regarded as the mental processes (cognitive process) resulting in the selection of a course of action among several alternative scenarios. Every decision making process produces a final choice. The output can be an action or an opinion of choice.[2]

. Decision making is a process by DEFINING which a course of action is selected as away to deal with a specific problem. It is the selection of one alternative from among two or more alternatives[3]

. It is the process by which managers respond to the opportunities and threats that confront them by analyzing the options and making determinations about specific organizational goals and courses of action[4]

Answer:

. TWO (2) types of decision making

Decision making is the selection of one alternative from among two or more alternatives. In other words, decision making is defined as the process by which a course of action is selected as the best way to deal with specific problem. There are two types of decision making are Programmed Decision and Non-Programmed Decision[5].

. Programmed Decision Marking

Programmed decision making is a repetitive decision that can be handled by a routine approach and is not new. In this decision making process you has set procedure, rules and policies to follow.
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Programmed decisions are best in highly structured environments with established goals and channels of information. Because of the high structure, it’s possible to set up a rule that states an action will take place once a certain condition has been reached. This streamlines general, repetitive, and frequent decisions.

Programmed decisions enable upper management to dictate the decisions of middle management by establishing the rules. It also enables a small business owner to make quick and consistent decisions by setting a rule and applying it to all similar decisions. After establishing the rules across a series of decisions, ...

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