STEP ONE- iDENTiFy THE iSSuE OR PROBLEM.
STEP TWO- iDENTiFy ALL THE POSSiBLE CHOiCES CONCERNiNG THE PROBLEM.
STEP THREE- FOR EACH CHOiCE, LiST THE PROS AND CONS.
STEP FOuR- iDENTiFy THE BEST CHOiCE AND CARRy iT OuT.
STEP FiVE- CAREFuLLy REViEW y0uR ACTiON TO MAKE SuRE iT WAS THE BEST CHOiCE.
explain the importance of each of the four steps in a simple decision-making models?
explain the importance of each of the four steps in a simple decision-making models?
what are the two specific necessary decision making skills
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There are a number of steps involved in decision making process. Some of the key steps include gathering relevant information, analysis and evaluation of the information gathered and comparing the various options available before making a decision.
explain the importance of each of the four steps in a simple decision-making models?
explain the importance of each of the four steps in a simple decision-making models?
what are the two specific necessary decision making skills
what are the two specific necessary decision making skills
Gather information consider values explore consequences make a decision
The Decision Support Model has how many steps?
The five steps of the decision-making model are: Identify the Problem: Clearly define the issue that needs resolution. Gather Information: Collect relevant data and insights to understand the context and implications. Evaluate Alternatives: Consider various options and weigh their pros and cons. Make a Decision: Choose the best alternative based on the evaluation. Implement and Review: Execute the decision and monitor its impact, making adjustments as necessary.
8
There are a number of steps involved in decision making process. Some of the key steps include gathering relevant information, analysis and evaluation of the information gathered and comparing the various options available before making a decision.
it is the combinatin of the rational comprehensive and the incremental decision making models.
classical model of decision making involves more thinking and reasoning administrative model of decision making involves more intuition and feelings
Decision Making is a basic function of manager, economics is a valuable guide to the manager. There are basically two major models of decision-making - the classical model and the administrative model. The classical model of decision making is a prescriptive approach that outlines how managers should make decision. Also called the rational model, the classical model is based on economic assumptions and asserts that managers are logical, rational individuals who make decision that are in the best interest of the organization. The Administrative model of decision making is a descriptive approach that outlines how managers actually do make decisions. Also called the organizational, neoclassical, or behavioral model, the administrative model is based on the work of economist Herbert A.