© Pearson Education Limited 2015 4-1Chapter of Decision Making... © Pearson Education Limited 2015 4-44.1 Describe the decision-making process... How Do Managers Make Decisions?© Pearson
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Chapter
of Decision Making
Trang 2Learning Outcomes
• Describe the decision-making process.
• Explain the three approaches managers can use
to make decisions
• Describe the types of decisions and
decision-making conditions managers face
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Trang 3Learning Outcomes (cont.)
• Discuss group decision-making.
• Discuss contemporary issues in managerial
decision making
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4.1
Describe the decision-making process
Trang 5How Do Managers Make Decisions?
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Trang 6Identifying a Decision Problem
Trang 7Identifying Decision Criteria
Trang 9Developing Alternatives
4-9
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Trang 10Analyzing Alternatives
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Selecting the Best Alternative
Trang 12Implementing the Decision
Decision implementation:
putting a decision into action
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Trang 13Evaluating the Decision
Appraising the outcome of the decision:
Was the problem resolved?
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Trang 14Common Errors
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Trang 16Three Approaches Used to Make
Decisions: Types of Decisions
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Trang 17Rational Model
Rational decision making:
choices that are consistent and value-maximizing within specified constraints
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Trang 18Bounded Rationality
Satisfice
Escalation of commitment
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Trang 19Intuitive Decision Making
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4.3 Describe the types
of decisions and decision-making conditions that managers face
Trang 23Types of Decisions (cont.)
Trang 24Problems, Decision Types, and
Organizational Levels
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4.4
Discuss group decision-making
Trang 27How Do Groups Make Decisions?
Decisions are often made by groups representing the people who will be most affected by those
Trang 28Advantages of Group Decision
Making
• More complete information
• Diversity of experiences/perspectives
• More alternatives generated
• Increased acceptance of solution
• Increased legitimacy
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Trang 29Disadvantages of Group Decision Making
Trang 30When a group exerts extensive pressure on an
individual to withhold his or her different views in order to appear to be in agreement
Trang 31When Are Groups Most Effective?
Individual
•Faster decision making
•More efficient use of
work hours
Group
•More accurate decisions
•More creative
•More heterogeneous representation
•Greater acceptance of final solution
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Trang 32Improving Group Decision Making
Make group decisions more creative by:
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4.5 Discuss
contemporary issues in
managerial decision making
Trang 35Contemporary Issues
Creativity lets the decision maker:
• Understand a problem more fully
• See problems others can’t
• Identify all viable alternatives
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