Steps In Decision Making Process
Six steps inwards the determination making procedure alongside diagram are discussed below.
1. Defining together with Analysing the existent problem
The managing director should offset uncovering out what is the existent problem. The work may last due to bad relations betwixt management together with employees, decrease inwards sales, growth inwards cost, etc. After finding out the truthful work managing director must analyse it carefully. He should uncovering out the crusade together with number of the problem.
2. Developing Alternative Solutions
After defining together with analysing the existent problem, the managing director should educate (make) choice (different) solutions for solving the problem. Only realistic solutions should last considered. Group participation together with computers should last used for developing choice solutions.
3. Evaluating the Alternative Solutions
The managing director should carefully evaluate the merits together with demerits of each choice solution. He should compare the toll of each solution. He should compare the risks involved. He should likewise compare the feasibility of each solution. He should uncovering out which solution volition last accepted past times the employees.
4. Selecting the best Solution
After evaluating all the solutions, the managing director should guide the best solution. He should guide a solution which is less costly together with less risky. He should guide a solution which is most viable together with which is accepted past times the employees. In short, the managing director should guide a solution which has the most merits together with to the lowest degree demerits. The best solution is called the "Decision".
5. Implementing the Decision
After making the decision, the managing director should implement it. That is, he should pose the determination into action. He should communicate the determination to the employees. He should persuade the employees to convey the decision. This tin last done past times involving them inwards the determination making process. Then the managing director should render the employees alongside all the resources, which are required for implementing the decision. He should likewise motivate them to implement the decision.
6. Follow Up
After implementing the decision, the managing director must exercise follow up. That is, he must larn the feedback almost the decision. He should uncovering out whether the determination was effective or not. This is done past times comparison the determination alongside the action, finding out the deviations (differences) together with taking essential steps to take these deviations. So, follow-up is merely similar the command function. It helps to better the lineament of hereafter decisions.
