Decision Making refers to a process by which individuals select a particular course of action among several alternatives to produce a desired result. A decision is a choice made from various available alternatives. …
Q. What is approach in decision making?
There are several approaches to decision-making which offer insight into the process by which managers arrive at their decisions. Rational approach is appealing as it is logical and economical. Finally, the personal approach focuses on decision-making processes individuals use in difficult situations.
Q. What are the types of decision that management do?
The following are the main types of decisions every organization need to take:
- Programmed and non-programmed decisions:
- Routine and strategic decisions:
- Tactical (Policy) and operational decisions:
- Organisational and personal decisions:
- Major and minor decisions:
- Individual and group decisions:
Q. Why is it important to evaluate your decision making?
Evaluation is the final step of the formal decision process. Evaluating outcomes may help the decision maker learn lessons that will improve her decision-making abilities. It can also be valuable to assess the process by which a decision was made to make future decisions more effective.
Q. How do you evaluate the effectiveness of decision making?
Evaluate Effectiveness Perform online surveys and ask customers to answers questions to evaluate the effectiveness of your decisions. Document workplace data if your decision involves employees, manufacturing, or processes and systems. Expect complaints from customers and employees.
Q. How do you evaluate alternative decision making?
Evaluate alternatives by examining the benefits and drawbacks of each alternative. During the evaluation of alternatives, careful consideration is given to social, economic, and ecological factors that influence the predicted outcome. Encourage discussion and use visual aids to help explain alternatives.
Q. What are characteristics to evaluate decision making alternatives?
Characteristics of Decision Making
- Mental and Intellectual Process.
- It is a Process.
- It is an Indicator of Commitment.
- It is a Best Selected Alternative.
- Decision-Making Might be Positive or Negative.
- It is the Last Process.
- Decision Making is a Pervasive Function.
- Continuous and Dynamic Process.
Q. What are the main characteristics and criteria to improve decision making?
Here are nine characteristics of a good decision:
- Good decisions positively impact others.
- Good decisions are replicable.
- Good decisions foster opportunity.
- Good decisions include others.
- Good decisions are executable.
- A good decision is systematic.
- Good decisions are accountable.
- Good decisions are pragmatic.
Q. How many types of decision making points can be arises in a company?
Types of Decision Making – 4 Types of Decisions that are Usually Taken by Managers in the Organization: Programmed, Non-Programmed, Operational, Strategic and a Few Others.
Q. What are the levels of decision making in MIS?
Simon (1960) describes four different stages in decision making: intelligence, design, choice, and implementation (Figure 13-3). The decision-making process can be described in four steps that follow one another in a logical order.
Q. What are the three 3 primary decision making challenges facing most managers today?
Feedback:The primary decision-making challenges facing managers today are 1) decisions must be made quickly, 2) strategic decisions need to be made by applying analysis techniques, and 3) they have large amounts of information to analyzeLearning Outcome: 02-01 Explain the importance of decision making formanagers at …
Q. What are the relationship between MIS and decision making techniques?
Effective decision making demands accurate, timely and relevant information. MIS provides accurate and timely information necessary to facilitate the decision-making process and enable the organizations planning, control, and operational functions to be carried out effectively.
Q. How does MIS help in decision making process?
MIS provides regular information to managers to allow them to make decisions based on data rather than guesses. Certain data and analysis can play a very useful role in making good decisions about where and when to use human and other resources to achieve the mission of an organization.
Q. How does the decision making process affected by the information system?
The main objective of information systems is helping decision makers by providing accurate and time based information helping them in making the right decisions in turbulent environment. Management Information Systems helps in solving both structured and unstructured problem environments.
Q. What advantages MIS has in relating to company’s decision making?
Management information systems provide the owner and other decision-makers at a business with the data needed to make informed decisions for the company. A MIS provides background, current data and trend analysis so you have ready information on all areas of the business.
Q. What are the benefits and limitations of MIS?
An MIS provides the following advantages. 1. It Facilitates planning : MIS improves the quality of plants by providing relevant information for sound decision – making . Due to increase in the size and complexity of organizations, managers have lost personal contact with the scene of operations.
Q. What are the disadvantages of management information system?
Disadvantages:
- Highly sensitive requires constant monitoring.
- Buddgeting of MIS extremely difficult.
- Quality of outputs governed by quality of inputs.
- Lack of flexibility to update it.
- Effectiveness decreases due to frequent changes in top management.
Q. What do you think are the biggest benefits of management information systems?
A management information system provides the data to identify non-performing areas and leads to better business productivity and efficiency, better decision making, better communication and better data and better knowledge of customer needs.
