Steps In Decision Making Process
Six steps inwards the determination making procedure amongst diagram are discussed below.
1. Defining in addition to Analysing the existent problem
The managing director should laid about honour out what is the existent problem. The occupation may last due to bad relations betwixt administration in addition to employees, decrease inwards sales, growth inwards cost, etc. After finding out the truthful occupation managing director must analyse it carefully. He should honour out the crusade in addition to final result of the problem.
2. Developing Alternative Solutions
After defining in addition to analysing the existent problem, the managing director should prepare (make) choice (different) solutions for solving the problem. Only realistic solutions should last considered. Group participation in addition to computers should last used for developing choice solutions.
3. Evaluating the Alternative Solutions
The managing director should carefully evaluate the merits in addition to demerits of each choice solution. He should compare the toll of each solution. He should compare the risks involved. He should likewise compare the feasibility of each solution. He should honour out which solution volition last accepted yesteryear the employees.
4. Selecting the best Solution
After evaluating all the solutions, the managing director should pick out the best solution. He should pick out a solution which is less costly in addition to less risky. He should pick out a solution which is most viable in addition to which is accepted yesteryear the employees. In short, the managing director should pick out a solution which has the most merits in addition to to the lowest degree demerits. The best solution is called the "Decision".
5. Implementing the Decision
After making the decision, the managing director should implement it. That is, he should position the determination into action. He should communicate the determination to the employees. He should persuade the employees to bring the decision. This tin last done yesteryear involving them inwards the determination making process. Then the managing director should render the employees amongst all the resources, which are required for implementing the decision. He should likewise motivate them to implement the decision.
6. Follow Up
After implementing the decision, the managing director must practice follow up. That is, he must larn the feedback nearly the decision. He should honour out whether the determination was effective or not. This is done yesteryear comparison the determination amongst the action, finding out the deviations (differences) in addition to taking essential steps to take these deviations. So, follow-up is only similar the command function. It helps to amend the character of hereafter decisions.
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