Different Steps of Decision Making Process: In every organization many decisions are taken like allocating resources, investing capital and introducing new products. Basically these decisions fall into follwong two categories:
A. Programmed (Routine and Repetitive)
B. Non Programmed (Unique and one shot)
Here are the different steps of decision making process:
1. First of all you have to define appropriately. Because an appropriate definition helps you to reach at relevant place for promising alternatives.
2. Having defined the problem the management generates and identifies all the possible alternatives to tackle the problem. Sometimes developing good alternatives can be a complex matter.
3. Having identified a number of alternatives mangers have to evaluate them in terms of their advantages and disadvantages.
4. After evaluation of alternatives the managers of an organization choose the best alternatives.
5. Now the best alternative sh0uld be acceptable by all the management.
6. Finally, the appropriate actions are taken to assure the successful implementation of decisions.
This decision making process is time consuming and costly. The tendency of managers is to use available solutions rather than new ones. In some organizations decision making is often dominated by one individual.
Thus it can be concluded that decision making process is very important for every organization and every individual plays a crucial role in decision making process.