Fundamentals of Decision-Making

The Fundamentals of Decision-Making

Name

Grantham University

Abstract

In this paper I am addressing the fundamentals of decision making.

According to Dunn programmed decision are decisions that have been made so many times in the past that managers have developed rules or guideline to be applied when certain situations are expected to occur. Programmed decisions making are a routine that you make every time so that the organization run smooth. Managers can develop rules and guidelines to regulate all routine organizational activities. Most decisions are related to daily activities. It is a not a routine decision making . This means it is made for big decisions that will affect an organization for a long time. This type of decision making does not need rules or guidelines to be followed because the situation is unexpected or uncertain. In programmed decision making there will be no error in the decisions because it is a routine and managers usually have the information they need to create rules and guidelines to be followed by others. Non-programmed decisions are typically one shot decisions that are usually less structured than programmed decision.

Non-programmed decision making are likely to have error because it causes more problems for managers and is inherently challenging. Managers must rely on their intuition to quickly respond to a pressing concern.

The steps in the decision-making process consists of the following:

1. Defining the problem--this entails that I don’t just attack problems; I work to uncover

the factors that cause these problems.

2. Analyze the problem--working in different organizations we may lack the proper

budget or may not have the most accurate information or any extra time. So, we must

choose to make the best decision possible with the information, resources, and time

available.

3. Develop alternatives--as a group we brainstorm to generate ideas and alternative

Solutions.

4. Evaluate...