Podcast
Questions and Answers
What occurs when a manager becomes aware of a problem?
What occurs when a manager becomes aware of a problem?
- The problem automatically resolves itself.
- The decision-making process is initiated. (correct)
- The problem is officially recognized.
- The problem becomes urgent due to external pressure.
Which of the following best describes 'decision criteria'?
Which of the following best describes 'decision criteria'?
- Factors considered irrelevant in resolving issues.
- Only the costs incurred in a decision.
- Factors important for resolving a problem. (correct)
- Outcomes that are guaranteed from the alternatives.
Why is it important to allocate weights to decision criteria?
Why is it important to allocate weights to decision criteria?
- To eliminate less relevant criteria from consideration.
- To ensure all criteria hold equal significance.
- To simplify the decision-making process.
- To prioritize the criteria according to their importance. (correct)
What is the purpose of analyzing alternatives in the decision-making process?
What is the purpose of analyzing alternatives in the decision-making process?
Which step in the decision-making process involves putting the chosen alternative into action?
Which step in the decision-making process involves putting the chosen alternative into action?
What critical factor must a manager have to effectively solve a problem?
What critical factor must a manager have to effectively solve a problem?
What is the main goal of the final step in the decision-making process?
What is the main goal of the final step in the decision-making process?
Which of the following is NOT a characteristic of a problem in decision-making?
Which of the following is NOT a characteristic of a problem in decision-making?
Flashcards
What is a problem in decision making?
What is a problem in decision making?
A discrepancy between a desired state of affairs and the current situation that a manager is aware of, pressured to solve, and has the authority, information, or resources to address.
What are decision criteria?
What are decision criteria?
Important factors considered when making a decision, like costs, risks, and desired outcomes.
Why is allocating weights crucial in decision making?
Why is allocating weights crucial in decision making?
The process of assigning weights to decision criteria based on their relative importance in the decision-making process.
What is developing alternatives in decision making?
What is developing alternatives in decision making?
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What is analyzing alternatives in decision making ?
What is analyzing alternatives in decision making ?
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How is the best alternative selected in decision making?
How is the best alternative selected in decision making?
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What is implementing the chosen alternative in decision making?
What is implementing the chosen alternative in decision making?
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What is evaluating the decision's effectiveness?
What is evaluating the decision's effectiveness?
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Study Notes
Decision-Making Process Overview
- Decision-making involves choosing from multiple options.
- A structured process helps improve decision quality.
Problem Identification
- A problem arises when a desired state differs from the current one.
- Manager awareness, pressure to solve, and necessary resources drive problem recognition.
Decision Criteria
- Decision criteria are factors considered essential to problem resolution.
- Criteria examples include cost, risk, and desired outcomes.
Weighting Criteria
- Criteria are not equally important.
- Assigning weights prioritizes criteria in the decision-making process.
Alternative Development
- Generating all possible solutions to the problem, without evaluation, is crucial.
Alternative Analysis
- Assessing each alternative's strengths and limitations based on identified criteria and weights.
Alternative Selection
- Choosing the best alternative based on its weighted criteria value, selecting the alternative with the highest score.
Implementation
- Putting the chosen solution into action and gaining commitment for execution.
Evaluation
- Assessing the decision's effectiveness by evaluating the results of the chosen alternative.
- Evaluating whether the problem was resolved and understanding reasons for failures if any.
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Description
This quiz explores the structured decision-making process, including problem identification, criteria weighting, and analyzing alternatives. Understand the steps involved in making effective decisions within a managerial context.
