Steps In Decision Making Process
Six steps inward the conclusion making procedure amongst diagram are discussed below.
1. Defining together with Analysing the existent problem
The managing director should root uncovering out what is the existent problem. The work may endure due to bad relations betwixt management together with employees, decrease inward sales, increase inward cost, etc. After finding out the truthful work managing director must analyse it carefully. He should uncovering out the motility together with outcome of the problem.
2. Developing Alternative Solutions
After defining together with analysing the existent problem, the managing director should prepare (make) option (different) solutions for solving the problem. Only realistic solutions should endure considered. Group participation together with computers should endure used for developing option solutions.
3. Evaluating the Alternative Solutions
The managing director should carefully evaluate the merits together with demerits of each option solution. He should compare the terms 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 endure accepted yesteryear the employees.
4. Selecting the best Solution
After evaluating all the solutions, the managing director should pick out the best solution. He should pick out a solution which is less costly together with less risky. He should pick out a solution which is most viable together with which is accepted yesteryear the employees. In short, the managing director should pick out 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 set the conclusion into action. He should communicate the conclusion to the employees. He should persuade the employees to convey the decision. This tin displace endure done yesteryear involving them inward the conclusion making process. Then the managing director should render the employees amongst 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 practise follow up. That is, he must larn the feedback most the decision. He should uncovering out whether the conclusion was effective or not. This is done yesteryear comparison the conclusion amongst the action, finding out the deviations (differences) together with taking essential steps to take these deviations. So, follow-up is simply similar the command function. It helps to amend the character of hereafter decisions.
