Steps in decision making process pdf

Decision making is a vital skill in the business workplace, particularly for managers and those in leadership positions. Following a logical procedure like the one outlined here, along with being aware of common challenges, can help ensure both thoughtful decision making and positive results.

If you are interested in business management topics like these, consider Concordia University, St. Steps of the Decision Making Process The following are the seven key steps of the decision making process. Identify the decision. The first step in making the right decision is recognizing the problem or opportunity and deciding to address it. Determine why this decision will make a difference to your customers or fellow employees. Gather information.

This requires making a value judgment, determining what information is relevant to the decision at hand, along with how you can get it.

Ask yourself what you need to know in order to make the right decision, then actively seek out anyone who needs to be involved. Identify alternatives. This helps you determine which course of action is the best way to achieve your objective. Weigh the evidence. Managers need to be able to weigh pros and cons, then select the option that has the highest chances of success. It may be helpful to seek out a trusted second opinion to gain a new perspective on the issue at hand.

Choose among alternatives. You may also choose a combination of alternatives now that you fully grasp all relevant information and potential risks. Take action. This involves identifying what resources are required and gaining support from employees and stakeholders. Getting others onboard with your decision is a key component of executing your plan effectively, so be prepared to address any questions or concerns that may arise.

Enter the email address you signed up with and we'll email you a reset link. Need an account? Click here to sign up. Download Free PDF. Decision Making Process. A short summary of this paper. Evaluate whether the need identified in Step 1 would be met or resolved through the use of each alternative. Finally, place the Step 1: Identify the decision alternatives in a priority order, based upon your own You realize that you need to make a decision.

Try to value system. This first step is very important. Step 5: Choose among alternatives Once you have weighed all the evidence, you are Step 2: Gather relevant information ready to select the alternative that seems to be the Collect some pertinent information before you make best one for you.