Decision Making Process Essay Definition

Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and defining alternatives. This approach increases the chances that you will choose the most satisfying alternative possible.

Download the PDF

Step 1: Identify the decision

You realize that you need to make a decision. Try to clearly define the nature of the decision you must make. This first step is very important.

Step 2: Gather relevant information

Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it. This step involves both internal and external “work.” Some information is internal: you’ll seek it through a process of self-assessment. Other information is external: you’ll find it online, in books, from other people, and from other sources.

Step 3: Identify the alternatives

As you collect information, you will probably identify several possible paths of action, or alternatives. You can also use your imagination and additional information to construct new alternatives. In this step, you will list all possible and desirable alternatives.

Step 4: Weigh the evidence

Draw on your information and emotions to imagine what it would be like if you carried out each of the alternatives to the end. Evaluate whether the need identified in Step 1 would be met or resolved through the use of each alternative. As you go through this difficult internal process, you’ll begin to favor certain alternatives: those that seem to have a higher potential for reaching your goal. Finally, place the alternatives in a priority order, based upon your own value system.

Step 5: Choose among alternatives

Once you have weighed all the evidence, you are ready to select the alternative that seems to be best one for you. You may even choose a combination of alternatives. Your choice in Step 5 may very likely be the same or similar to the alternative you placed at the top of your list at the end of Step 4.

Step 6: Take action

You’re now ready to take some positive action by beginning to implement the alternative you chose in Step 5.

Step 7: Review your decision & its consequences

In this final step, consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision. For example, you might want to gather more detailed or somewhat different information or explore additional alternatives.

Decision Making Process Essay

Earlier we discussed all types of subject matter of ethical behavior in an organization. Remember we discussed how the owner of the company set their own code of ethical conduct for their organization. Knowing the companies values and goals can help a leader or a team to come up with a plan to make a great decision if a problem arises. Sometime in life everyone has to make an important decision that could affect the wellbeing of themselves and others. There are several steps to decision making. Majority of the steps are in total of three, but I am going to discuss six.

The six steps of the decision making process are:•Step1: Define the problem•Step 2: Identify available alternative solutions to the problem•Step 3: Evaluate the identified alternatives•Step 4: Make the decision•Step 5: Implement the decision•Step 6: Evaluate the decisionStep 1: Define the Problem:Defining the problem is the most important step of decision making. We all know this may sound simple, but it’s not. “One way of deciding if a problem exists is to couch the problem.” (Ethics resource center) You can couch the problem by asking specific questions that are describing the existing problem. “This is critical because how one defines a problem determines how one defines causes and where searches for solutions.” (Ethics resource center)Step 2: Identify available alternatives solutions to the problem:The best way to approach this step is not to have limited alternatives. You should be opened to new and better ideas that would help the problem. “This gets away from the trap of seeing both sides of the situation and limiting ones alternatives in two opposing choices; either this or that.” (Ethics research center) Having two or three alternatives to choose from is hard to accept when both of the outcomes are the same. Remember there is no such thing of having too many choices in decision making. The more choices you have the better.

Step 3: Evaluate the identified alternatives:When evaluating the identified alternatives we are looking at the positive and negative outcomes. This step is where you need to collect as many facts as possible. This is why...

Loading: Checking Spelling

0%

Read more

Consumer Behaviour: Decision Making Process. Essay

879 words - 4 pages Challenged with competing products, companies are finding it more important to understand why a consumer would choose one product over another. To do this, the company needs to recognise the complex decision making process a consumer goes through. The variety of products is always expanding, but with the consumers' limited temporal and cognitive resources, they...

Managerial Economics & Decision Making Process

1590 words - 6 pages Running Head: MANAGERIAL ECONOMICSManagerial Economics & Decision Making ProcessIntroductionA business uses various economic theories, concepts, logics and tools for making an appropriate decision. These theories and concepts are included in the managerial economics, which is a branch of economics. These various economic...

Decision Making and Planning Process

1195 words - 5 pages Running head: Decision Making and Planning ProcessDecision Making and Planning ProcessAndrea JonesUniversity of PhoenixDecision Making and Planning ProcessDecision making and planning are a critical processes in any organization. Decision making is the foundation of planning. All organizations engage in planning activities, but no two organizations plan in exactly the same manner. The purpose of strategic...

8 Steps Decision Making Process

1815 words - 7 pages Managerial Decision Making1.Define the situationWe are the management team of an Australian branch of a large pharmaceutical company that has large offices based in Europe and North America.In Australia we have a small team of about 40 people.We have three major departments in our organization the marketing team, the finance team and the customer service team.It has become apparent to us in the last year that there seems...

Interpersonal Process: Decision Making in Organizations

889 words - 4 pages Interpersonal Process: Decision Making in OrganizationsThe crucial part of any organization is making good decisions in the various contexts. To reach good decisions, they need reliable information, experience in interpreting information, and reaching a consensus. However, this process of decision-making remains incomplete without the consultation process as the view and expertise of other people in an organization can...

Decision making process of consumer behaviour.

3492 words - 14 pages Decision making is a focal interest in consumer-behavior research; consumers constantly make decisions about the selection, consumption, and disposal of products. Many of the most important decisions consumers face involve making difficult trade-offs such as price versus safety in purchasing an automobile, quality of life versus longevity in some health care choices, or risk versus return in selecting investments for a child's educational...

End-of-life Decision-making Process

877 words - 4 pages Nurses provide guidance and address the problems in the end-of-life decision-making process. It is the nurse’s role to explain to families and other healthcare professionals when an advance directive would be put to use. An advance directive serves as a guide for clinicians to respect and honor the autonomous decision of the patient when they are in a position to not be able to express their wishes (Roux & Halstead, 2009). Nurses could assist in...

Business Performance Management: Decision Making Process

1348 words - 5 pages Describe how the system of the case study could support each of the decision-making phases of intelligence, design, and choice for the decision-makers. Explain the phase. Explain how the KBS supports or could support the phase for this case. Simon’s decision making process consists of 3 phases which are Intelligence, Design and Choice. These phases can be used to simplify the assumptions, validate the models which are being used in the...

The Importance of Critical Thinking to the Decision Making Process

960 words - 4 pages The decision-making process in business is an important part of a company’s success. Making the right decision relies on using the attributes of critical thinking. The following will show the relationship between decision making and critical thinking and how one company uses critical thinking in its decision making everyday to maintain the company’s health and customer satisfaction. Critical Thinking “Critical thinking is the disciplined art...

The Role of Perception in the Decision-Making Process Essay

2065 words - 8 pages The Role of Perception in the Decision-Making ProcessWhat is perception? How can a person's perception of others impact an organization's behavior? What are the positive and negative effects of using perceptive shortcuts when judging others? How are decisions in real world organizations actually made? How can our perceptions shape ethical or moral decisions?...

Business Intelligence Systems in the Decision Making Process

2456 words - 10 pages The most common purpose for (BI) systems is to aid in the decision making process. BI systems collect data, store the gathered information in data warehouses, analyze the data and then present the data in easy to understand applications for the decision making process. The following studies research the role that BI systems play in the decision making process. The Role of BI in Decision Making Overview. Isik, Jones, and Sidorova (2013)...

0 Replies to “Decision Making Process Essay Definition”

Lascia un Commento

L'indirizzo email non verrà pubblicato. I campi obbligatori sono contrassegnati *