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Questions and Answers
What is the primary purpose of decision-making in an organization?
What is characterized as a process in decision-making?
What is the primary characteristic of personal decisions?
What is involved in the decision-making process?
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What is the main advantage of group decisions compared to individual decisions?
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What type of decision is characterized by being routine and repetitive?
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Who is responsible for strategic decision-making?
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What type of decision deals with unique or unusual problems?
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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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Description
Learn about the definition and process of decision-making, including identifying problems, choosing between alternatives, and achieving specific goals in a managerial context.
