Decision-Making.pptx - Chapter 2 Decision Making DR EMMANUEL G BL AS RME Learning Outcomes Understand that Decision-Making is a Management

Decision-Making.pptx - Chapter 2 Decision Making DR...

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Chapter 2 Decision Making DR. EMMANUEL G. BLAS, RME
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Learning Outcomes: Understand that Decision-Making is a Management Responsibility Define Decision-Making List the Decision-Making Process Familiarize: with the Approaches in Solving Problems Use Quantitative & Qualitative Models for Decision-Making
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Introduction Manager’s job is to lead the quest for attaining organization’s objectives Must learn the intricacies of decision-making Must have a good judgment Decision-making skills will lead to crucial success , otherwise, destruction of any organization
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Decision-Making as a Management Responsibility Decisions are made at various levels It’s a responsibility of the engineering manager Wise manager corrects mistakes Manager who cannot make decisions should be removed
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What is Decisio n- Making? PROCESS OF IDENTIFYING AND CHOOSING ALTERNATIVE COURSES OF ACTION BASED ON A SITUATION.
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Decision-Making Process 1. Diagnose problem 2. Analyze environment 3. Articulate problem or opportunity 4. Develop viable alternatives 5. Evaluate alternatives 6. Make a choice 7. Implement decision 8. Evaluate and adapt decision results
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Diagnose Problem What is a problem? An expert once said, “identification of the problem is tantamount to having the problem half-solved.” It exists when there is a difference between actual and desired situation.
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Analyze the Environment Location of the organization could lead to success or failure Objective Constraints: Internal & External Internal Limitations : 1. Funds to purchase equipment 2. Training of employees 3. Ill-designed facilities External Limitations: 1. Patents controlled by other org.
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