PRESENTATION On Topic Decision Making
PRESENTATION On Topic Decision Making
PRESENTATION On Topic Decision Making
Presentation on
To Pujan Upadhyay
Subject teacher (business organization )
Green Peace Lincoln College
What is decision making ?
O In simple word we can defined decision making is a process of
selection or choosing best course of action out of many
available alternative.
O In other word , decision making is the process of solving
individual or organizational problem by choosing specific
course of action among various possible alternative.
In the word of Ricky W. Griffin,
1. Identifying a problem
2. Identifying decision criteria
3. Allocating weight to the criteria
4. Developing alternative
5. Analyzing alternative
6. Selecting an alternatives
7. Evaluating decision effectiveness
1. Identifying a problem or situation :-
Before you begin with your decision, analyze exactly what is the problems towards
you are going to take a decision. This step is also knows as stage of recognizing the
problem.
E.g. Problem is we need laptop for our college assessment. So we have to make a
decision for buying best and suitable laptop for our normal use under cost price 50 to
60 thousands.
2. Identifying decision criteria or nature:-
Once you just identified the problem , you must need to identify
the decision criteria or nature that are important or relevant to
resolving the problem. Identifying at what point or topic basis
you are going to take a decision.
For example , we need a laptop , so we have to choose laptop
according to these criteria Processing , memory & storage,
display quality, battery life, weight and size and warranty.
3. Allocating weight to the criteria :-
Laptop Weight
Processing Memory Display Battery Weight and Warranty
and quality life size
storage and
graphic
Dell 8 9 9 8 7 7
Asus 9 7 8 9 9 6
HP 9 8 10 9 7 6
Acer 8 8 9 7 8 7
Lenovo 7 9 7 8 9 8
5. Analyzing the alternatives:-
Once alternative have been identifying a decision maker must evaluate
each one by using the weighted criteria established in steps-3, multiply
each alternative by the assigned weight, you will get weighted alternative
ve. Finding score of each alternative by multiplying the weighted criteria
with available alternative. Then we will find total score for each
alternative. Through example :-
This is the sixth step of decision making . In this step of the decision making process is
choosing the best alternative or the one that alternative which generate the highest total
score in the fifth steps. For example from the given below data we make a decision to
choose HP brand of laptop for our use or buying , because it scored highest score
among other alternative or other brand’s laptop.