Decision making is choosing among two alternatives. It’s the heart of all the management. Decision making is very important phenomenon and one have to be very much conscious as well as some tricky steps must be taken. One decision have the capability to make or break anything. Making any decision is the most sensitive issue, and the whole responsibility lies upon the person. One have to be very much careful and while taking any decision, specially related to business or marketing you have to keep your eyes open. In orientation stage people or member meet for the first time and start to get to know each other and after some time their thinking has changed totally, some are think positive and some are think negative so, be careful in decision making.
What are the Seven Steps in the Decision Making
Following Seven Steps in the Decision Making must be used.
1. Define the situation:
The whole circumstances are in front of you and what you need is to revive it and go through the requirements of the scene. Understand what is the need of situation. A parameter of completeness and awareness should be there.
2. Describe and collect information:
Whatever data is required you have to compile that at one place. Information via research is collected and make possibility for making a decision.
3. Develop alternatives:
You must have all possible references, and the structure in your mind and accordingly develop alternatives. What are the outcomes and what are the possible methods to resolve it. What you can do along with your sub-ordinates.
4. Define an agreement among people who are involved:
You can’t have the decision at higher level verbally. Requirements are to properly write them along with the opinions of other people which are related. In black and white, agreement mentioning all terms and conditions should be written.
5. Deciding best alternative:
After having all possibilities now you have to decide for which alternative you should go. Taking all others with you as well. Comparing all merits and demerits of a decision.
6. Do what is indicated:
After selecting seek for a good output, go for a decision which is best and radical in your point of view. You don’t need to get panic. Focus on alternative by staying calm.
7. Determine weather you decision is right or not:
After you have made a decision, now nothing can be altered. You just have to keep pace and according to your thoughts just have to conclude results.
Sometimes decisions have to be made on the spot, with little information and managers with good skills take effective decisions.
Management:
the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources.
A management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything works together to achieve the organization’s goals and objectives.
Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization’s goals and objectives.
A management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective.
An outline of the fundamental purposes of an organization. addresses the organization’s self-concept, philosophy, long-term survival needs, customer needs, social responsibility, and nature of product/service.
The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals
1. Establish clear standards
2. Monitor and record performance
3. Compare results against standards
4. Communicate results
5. If needed, take corrective action
