Essay on Business

1666 Words Nov 20th, 2015 7 Pages
A decision is a choice from available alternatives.

is the process of identifying problems and opportunities and then resolving them.

Making a decision is committing to a course of action A decision made in response to a situation that has occurred often enough to enable decision rules to be developed and applied in the future.

A decision made in response to a situation that is unique, is poorly defined and largely unstructured, and has important consequences for the organization. All the information the decision maker needs is fully available.

A decision had clear-cut goals and good information is available, but the future outcomes associated with each alternative are subject to chance.
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In today‟s fast – paced, uncertain business environment, intuition plays a great role in decision-making.



An impulse decision is a choice based predominantly on emotion.



Facts and consequences play little part..



These actions are driven by feelings.



Irresistible urges

This model is useful for making nonprogrammed decisions when conditions are uncertain, information is limited, and there is disagreement among managers about what goals to pursue or what course of action to take. 

Pluralistic



Conflicting goals



Conditions of uncertainty and ambiguity





Inconsistent viewpoints, ambiguous information Bargaining and discussions among coalition members Recognition of a
Decision
Requirement
Evaluation and feedback Diagnosis

Implementation of chosen alternative Selection of
Desired
alternative

Development of
Alternatives

Managers confront a decision requirement in the form of either a problem or an

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