Decision-Making Overview

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Questions and Answers

What is the primary purpose of decision-making in an organization?

  • To allocate resources and set the direction of an organization (correct)
  • To analyze the organization's weaknesses
  • To overcome challenges and be competitive
  • To increase efficiency

What is characterized as a process in decision-making?

  • A personal trait
  • A static entity
  • A one-time event
  • A pervasive function (correct)

What is the primary characteristic of personal decisions?

  • They are made by managers in their official capacity.
  • They have a limited impact on the organization. (correct)
  • They directly affect the organization.
  • They can be delegated to others.

What is involved in the decision-making process?

<p>Both intuitive and deductive logic (B)</p> Signup and view all the answers

What is the main advantage of group decisions compared to individual decisions?

<p>They generate a greater number of alternatives. (D)</p> Signup and view all the answers

What type of decision is characterized by being routine and repetitive?

<p>Programmed decision (C)</p> Signup and view all the answers

Who is responsible for strategic decision-making?

<p>Top management (D)</p> Signup and view all the answers

What type of decision deals with unique or unusual problems?

<p>Non-programmed decision (A)</p> Signup and view all the answers

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Study Notes

Decision-Making

  • A decision is a choice made from available alternatives to achieve a specific goal.
  • Decision-making is the process of identifying problems and opportunities and resolving them.
  • It is a goal-oriented process that involves choosing between multiple alternatives to achieve a specific goal.

Types of Decisions

  • Personal Decisions: Affect the organization indirectly, cannot be delegated, and have a limited impact.
  • Organizational Decisions: Made by managers in their official capacity, aim to further the interests of the organization, and can be delegated.
  • Individual Decisions: Taken by a single individual, mostly routine decisions.
  • Group Decisions: Taken by a group of individuals, have far-reaching consequences, and require discussion, deliberation, and debate.

Programmed and Non-Programmed Decisions

  • Programmed Decisions: Routine and repetitive, with established rules and policies to solve recurring problems quickly.
  • Non-Programmed Decisions: Deal with unique/unusual problems, poorly defined, and require a novel approach.

Strategic, Administrative, and Routine Decisions

  • Strategic Decisions: Top management responsibility, key, important, and vital decisions affecting many parts of an organization, requiring sizable resource allocation, and future-oriented with long-term ramifications.
  • Administrative Decisions: Deal with operational issues, implementing strategic decisions smoothly at various levels in an organization.
  • Routine Decisions: Repetitive and operational decisions made daily in an organization.

Importance of Decision-Making

  • Helps in direction and goal-setting
  • Enhances problem-solving prowess
  • Empowers growth and learning
  • Increases efficiency and facilitates innovation

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