Decision Making / Making Decision

Description

Decision Making / Making Decision

is a lecture which is covered during Management Module. This resource is suitable for bachelor and master level students who are studying in business department.

In this management lecture, students will explore the importance of decision-making to managers and learn how to make effective decisions.

Decisions are an essential part of your life, personally and professionally. Each and every day is a series of decisions, from minor to significant, and everything in between.  Good decision-making is a skill, and like any skill, it can be learned and improved. So, how can you improve your decision-making skills?  The lecture outlines four things students need to know; each numbered item will be described further in the lecture:

1. Know, understand, and use the decision-making process. Yes, there is a “method” to making decisions that takes you from identifying problems to evaluating the effectiveness of your decision. It works. Know it. Understand it. Use it.
2. Know when and how to use rational or intuitive decision-making or both. Different types of problems and different types of conditions will influence how you approach making a decision.
3. Know your decision-making style. Not everyone approaches decision making the same way. But you do need to recognize how you’re most comfortable when making a decision—and how others around you make decisions.
4. Know, recognize, and understand the biases and errors that may influence your decision-making. Biases and errors can creep into your decision making. You may think you’re making good decisions and may not even recognize you’re doing these things. Yet, these errors and biases are likely undermining your ability to make good judgments and good choices. Beware! Be aware!

Learning Objectives of this lecture are:

1. Describe the eight steps in the decision-making process.

• Develop your skill at being creative.

2. Explain the four ways managers make decisions.
3. Classify decisions and decision-making conditions.
4. Describe how biases affect decision making.

• Know how to recognize when you’re using decision-making errors and biases and what to do about it.

5. Identify effective decision-making techniques.

In this file you will find:

• 1 Decision Making / Making Decision Lecture Power Point Presentation
• 1 Guide file how to conduct Lecture
• 1 Test Bank with 125 different questions with full answer description and explanation
• 7 Interesting Discussion Questions and answers to them
• 4 Interesting Exercise related to the topic with all answers to them
• 1 Interesting Case Study with all answers to case study questions
• 1 additional reading resource file related to lecture topic in order to enhance Lecturer/Teacher/Student knowledge
• 1 Folder with relevant useful pictures

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All resources are compressed in Zip File.