Strategic Decision Making
Decision making is one of the most important activities in which management of organizations are engaged in on a daily basis. In the same view, the success of any organization is critically linked to effective decisions and an effective decision-making process.
This is because decision making is so important and can have such a significant effect on the operation of an organization(s). It has been suggested by a lot of scholars that, administration is decision making. It would be a mistake however, to conclude that only administrators make decisions. Increasingly, important decisions are being made by non-administrative/managerial personnel.
Thus, while decision making is an important administrative process, it is fundamentally a people process and everyone should be involved during the decision-making process.
This course examines the topic of decision-making. It attempts to identify the important elements of decision-making and present them in a form that will help the understanding of managers. The course’s scope involves the processes that managers at all levels go through in making a decision, through to the issues surrounding the implementation of a decision.
The essential function of a manager is to make decisions. Decision-making is about making choices between alternatives to reach a goal or objective. In our personal lives, decision-making can involve determining many things, such as where we live, what foods we eat, and who our friends are.
In business, decision-making can revolve around the products and services that a company offers, the markets it serves, the people it hires, and so on.
In this course, we will look at the decision-making process, paying close attention to the basic decision types, tools, methods, and insights to help you quickly learn how it involves both logic and emotion. When you complete the course, you will have practical tools to quickly determine the type of decision you are trying to make, the available tools and methods you may use, and the way to effectively engage your teams in the process.
A central part of managing an organization, process or project is decision-making. Decision-making is often characterized as both an art and a science. You will want to trust your instincts, but also approach your decisions more methodically when you can. This unit will cover the basics of decision-making, including an overview of various approaches, considerations, and challenges.
Completing this unit should take you approximately 10 hours. Upon successful completion of this unit, you will be able to:
- Define Decision making and explain its function in society;
- Explain Framing a Decision
- Describe Faulty Decision-Making in Organizational framework
- And many more.
SECTION 1: INTRODUCTION TO DECISION MAKING
SECTION 2: MANAGEMENT AND DECISION MAKING
SECTION 3: THE ART OF DECISION MAKING