...DECISION MAKING PROCESS The decision making process is a sequence of certain steps which are discussed below. Before the decision making begins, it is important to specify objectives. If objectives are set, then only we start with problem identification and weighing alternatives available. A standard decision making process comprises of six steps but it is not mandatory that all steps are repeated for every decision in the organization. This process is usually followed for non programmed decisions because they are new, have environmental impact and a unique solution is to be found with lot of research. For programmed decisions, this exercise is simple because programmed decisions are routine decisions and framework within which decision is...
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...Decision-Making Process Paper Management Theory and Practice Decision-Making Process Paper In March of 2007, the home we were renting burned to the ground. Everything was gone. While my husband and I were happy that no one was home at the time it happened, we all of a sudden were faced with a dilemma – what now? Instead of looking at our dilemma as a problem, we saw “an opportunity that needs to be exploited.” (Bateman & Snell, 2009) In other words, we saw an opportunity to start with a clean slate. We recovered as much as we could, and bought other material things we needed for our daily way of life. My husband’s boss (whom we are very close to), offered for us to stay with him. During this time, we began pondering and planning our next steps. After living there for a year, we saved up enough money for a down payment to purchase a home of our own. After looking around and observing the real estate market, we finally made the decision to buy. However, we didn’t want a brand new home. We wanted a house that we can tear apart and rebuild, to make our own. As we went from property to property, we evaluated alternatives (of how to remodel), and made decisions on whether we were interested or not. After a while, we had to implement our plan, and increase the price for which we would be buying the property. Unfortunately, our previous price range only covered areas that were not very pleasing to us. Not long after, we started finding properties in much more appealing...
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...Decision Making Process The decision making process for a manager can be quite difficult. There are many times throughout a manager’s career where vital decisions must be made, and a solid plan of action is necessary to carry out the objectives those decisions have set in motion. The example which I have chosen to share involves important decisions made for the business that I own and operate with my wife. The business that my wife and I own provided products and services for pets and their owners. When we first started our business we had a diverse line of hand-made pet products from dog and cat treats, custom pet beds, pet toys, and other pet products. The services that we offered ranged from all levels of dog training to pet sitting, etc. The division of responsibility set my wife as the sole service and product provider while I was responsible for all accounting, marketing, advertising, and production assistance. After the first year of conducting business, the service side of the business was steady during certain parts of the year, and we were beginning to see more interest in our product line. Although we were seeing growth, the problems of time management, and production costs became more apparent. Many products of ours were very time consuming and the raw materials needed were expensive. The services provided gave us revenue with low cost for materials, but the service demand was inconsistent and managing production became difficult. At this point I began questioning...
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...Decision Making Process Paper Tina Hay Management Theory & Practice/MGT 230 University of Phoenix December 9, 2013 Decision Making Process I was a stay at home mom with two children since 2003. I wanted to make my children’s lives better, I thought what better way to do that than to better mine. So, in 2008 I earned my GED and enrolled in classes at the University of Phoenix. I took online classes which allowed me to still be a mother. I was taking nothing away from my children while I was building them and myself a better future. This life altering decision took some time to think about. I had to weigh the pros and cons, and decide if it truly was something that I could, or should do. Identifying and diagnosing the problem “The first stage in the decision making process is to recognize that a problem exists and must be solved” (Bateman & Snell, 2011, pg. 89). Was my life going in the direction I wanted it? I asked myself this question redundantly. I knew that being a mother was one of the most rewarding jobs. However, I wanted more for my children. My past performances in a school setting were impeccable until I decided to drop out. This decision was not based on academics I only needed seven credits to graduate and would have done so a full semester ahead of my class. Instead, it was based on personal experiences. I was bullied while in high school and could not take it anymore. I had let my peers determine my course of action and I was not going to let...
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...Decision-Making Process Jeannette Ledesma MGT/230 July 3, 2013 JOHN MAGO Decision-Making Process There comes a time in each person’s life when they must step out of the world they know and take a chance. It is not an easy thing to do, nor is it always done in the correct manor. However, it is something that is done around the world by people in all walks of life. Here, in the United States, it is most common for children to “leave the nest” when they graduate from high school and move off to college. Yet, not everyone follows this pattern and it has been found that the longer you wait to leave the harder it is to do. In the fall of 2010 I was asked by my older sister to move to California with her, her husband and their – at the time – four children. I kept telling her “No” but she kept asking. Finally, in March of 2011 I decided that I would go down to California and see what happens. After all, I lived at home with my parents and my two nieces that my parents have custody of. I thought that maybe if I were to leave it would force my younger sister to step up and be an actual parent. I decided that I would finish out the summer at work and move to California in the fall. I was hoping that it would not be too hot if I did it that way. I therefore put in my notice at work, telling them that I would be leaving in August. I took my time to pack and tell my friends and family that I was moving to California and that I did not know when I would be back. This was the entire...
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...Decision Making Process Four years ago my husband and I decided to upgrade our living situation. We had started feeling cramped in the home we were living in at the time. Although we knew one day we would need something bigger, we bought a home with 2000 square feet, 900 of which was finished, and had a reasonable mortgage. The home meet our needs and the payment was enough that we never felt like we were stretched. The home was also located five minutes from my work and fifteen from my husband’s. Additionally, it was located close to the freeway, the canyons and a bunch of other amenities. We really valued location and accessibility to places so selling the home was not our first option. Before we would think about looking for a new home or putting our current home on the market, we felt the need to analyze and think through our current situation and decide what we really valued and needed to be happy. “Any good decision starts with an understanding of what is important to you.” (Broscio, M., & Scherer, J. 2003) We started with making a list of the issues we had with our current home and what we needed or wanted. After reviewing this list it was obvious that we had limited space, storage and conveniences and were in need of a lot more. We only had one bathroom in the whole house and really felt that there was a need for another bathroom. The house lacked closet space and bedrooms. The laundry room was located in the unfinished basement which was not an advertising space...
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...Decision-Making Process MGT/230 July 15, 2013 Decision-Making Process Summary Making decisions for career promotions or career changes can be difficult for one in the decision. Recently I was challenged with a career change. I had to make a decision to stay at my present employer, or switch careers to a different company. The reasoning behind a possible career change was because the present owner of the apartment complex has sold the company to a much larger company that is taking over at the end of August, beginning of September. Decision Process The decision process in this scenario was very difficult because I actually enjoy my job as an assistant property manager for an apartment complex. The first part of my process was, which company paid more. After I learned that my current job paid more, I went to the decision of the medical and dental benefits. My present employer did not have a good benefits package, but once the new company takes over the benefits will be well worth the low amount of money taken from my paychecks bi-weekly. The other job I was considering had a good medical and dental plan, but it was almost twice the amount than my present employment. After processing these two crucial decisions, I already had my mind made up but decided in the process to consider two more aspect. That first aspect was the distance between my house and the employers because gas prices seem to keep rising than falling for a short time. My present employer was closer...
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...Checkpoint 1 – Decision-Making Process By: Lori Settles, lori_settles@yahoo.com For: Management Theory and Practice Teacher: Carl Van Domelen The decision I had to make was to leave my husband or stay in the abusive relationship. I decided to leave and take my children with me. When making this decision the first step I took was writing down the pros and the cons of staying and of leaving. The second step I took was talking to a friend that was a cop at the time. The third step I took was writing a letter telling him why we left and detailed what he shouldn’t do, because I got a restraining order on him. My decision-making process was similar to evaluating alternatives, contingency plans and maximizing. The reason I say these three are similar is because I had to see what my alternatives where and make sure that the plan would work. Then making sure I had my future in place. I don’t think my decision would be any different if I had used the steps in the text, because it is very hard to get out of an abusive relationship with someone who you trusted for two or three years. My decision-making process was very planed out and I done a lot of research on what could go wrong and what to do if it did go wrong. I found when doing this that the decision-making process wasn’t as easy as A, B, C. When making a big decision that involves children...
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...Decision-Making Process Paper Necole Tucker MGT/230 December 4, 2013 Professor Gina Vermuth Decision-Making Process Paper There are many sources and reasons for making decisions in everyday life, whether it is buying a home, changing jobs, enrolling in college, or relocating to another state or region. Every decision is conjoined with a process in order to achieve a certain goal. The decision making process according to Bateman and Snell, 2011, the decision making process consist of recognizing and establishing the problem, producing alternative solutions, weighing those alternatives, making the choice, executing the decision, and assessing the decision. Seven years ago I and my ex-husband were faced with the decision of relocating from Arkansas to Texas. The problem was that we currently lived in a very rural area in the middle of nowhere and there weren’t any jobs available. At his current job the company was being bought out and a lot of people were being laid off and we were afraid he would be next. I was also currently enrolled in a community college and had two months left before graduation. Although we wanted to move to Texas, we were very unsure about the process of moving. We were very unsure about the process of moving to Texas but we both thought that moving to Texas was the best decision for us. We had to develop a plan and generate alternative solutions to achieve our goal of successfully moving to Texas. My husband had some friends that had been...
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...Decision-Making Process Brandy Stephens XMGT/230 April 3, 2014 Dr. Hall Decision-Making Process Decision-making can be broken down into stages which are: identifying a problem, conduce alternative solutions, analyze the solutions, choose a solution that best solves the problem, implement the solution into a decision, and assess the decision once it has been made. Decision-making is a process used by humankind in all aspects of life; not just business. I make decisions every day from simple to complex problems. A complex problem that I had to evaluate was deciding on if I wanted to finish college. Looking back at my decision-making process compared to the text version process, I followed most of the steps. I identified the problem being that I needed to advance in my career and I was not certain that was possible without a degree. After some research and evaluation I came to the ready-made solution that a degree would be the only option to reach the goal I had set for myself. I implemented the decision of returning to school. The steps I neglected are conducing alternative solutions and evaluating them. Once the problem was identified, I made the decision to finish my degree. I am not sure of how many alternatives there would have been available in order for me to reach my ultimate goal of becoming a Controller of a company one day. I did, however, research this goal and have given myself a more flexible path of succeeding. Thus, meaning I once was opposed to getting my...
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...minorities into internships at a corporate level. I participated in this program and I was taught how to interview and given several mock interviews. Once I completed all of these interviews I passed onto the corporate interview phase where I interview with major companies like IBM and AT&T. During the interviews I learned about both positions and at the time, Project Management/Frond End Developer and Software Engineer both sounded like good positions. I know long term I wanted to do something with mobile application development so the contribution of both positions would put me closer to my goals. After my interview I was offered positions at both companies so of course I had to decide between the two. With a five day grace period a decision had to be made quickly. Being a Software Engineer would provide me with the skills I needed to do mobile application development on the back end, in other words, “coding”. The role of a Front End Developer or Project Manager would assist me in developing the user interface or user experience of mobile applications. It would also help me learn the different methodologies and approaches to application development. The position at IBM would require me to move to Durham, NC and the position at AT&T required me to relocate to Atlanta, Georgia. If I took the position in either place I would have to sublease a home for the summer. This would mean I needed to...
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...Managerial Skills Does the means always justify the end? While writing the essay it comes to my mind to transform this famous phrase of the Italian historian and politician,Niccolo Machiavelli, into a question. I assume that we all know the answer to this question, otherwise we would`t have the Managerial Skills Course. The decision making process usually depends on the person and those qualities and tools that he or she possesses.Anyway everyone has its own set of rules and strategies that he/she applies in order to succeed. I will analyze those techniques that I use in the modern life to solve different kinds of problems. To my persistence it is very important not only to find the right answer to the question but also to ask the right question.This is the first point of my decision making strategy. I make a plan- a set of questions.I structure my answers and in the end I see the whole picture, the root problem and the consequences it may have. I forecast the possible outcomes and try to prevent them if that is possible. The first question that I usually ask myself is what is the final goal? It is impossible to make a good decision without identifying your final goal. The next question is to make the goal more specific.For example if I would like to start my own business the next question that I would definitely ask is what are the criteria of my final goal.What kind of business is it?What area is preferable for me?What should I do to make this business work? ...
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...Decision Making Process Going into business with a friend or relative would be hard in the fact of problems arising and not able to resolve them. You would need to lay out rules prior to the business taking off for times like this, when disagreements come up. I am the office type that likes computers, filing, and numbers. Most of my family would be a more hands on and want to work with the product for instance my husband and I have a long term plan for us to come up with our own business. If I went into business with a family member selling clothes then I will do the office work and they would work more on the floor and stocking. We both however can bring up ideas on new products that can be added to our store. First, we would show the other person what we had in mind and why it would be a good asset to the business. We then would go over all the pros and cons and if we feel it could sell with what customers we have coming in. We would also think about our marketing strategy and the social market to see if it will falls in line with what we have already in our stores that the consumers are purchasing. For instance if we are a selling clothes for babies then we do not want to add something for the elderly. If there is no agreement on whether we should add the new line into our business then we would look at the finances to see if it would be an affordable asset and/or risk. We will also sit down with what has sold over the past couple of months to see what has...
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...Decision Making Process Melinda Buford MGT/230 March 2, 2015 Robert Engle Decision Making Process Making major decisions, whether in life or on the job, requires time and thinking in order to make the best decision for all involved. Six stages have been developed in order to make the decision process easier and more organized. When wanting to move to from one state to the next, this decision making process can be used to be sure all points have been covered and researched. These six stages to decision making are: identifying and diagnosing the problem, generating alternative solutions, evaluating alternatives, making the choice, implementing the decision, and evaluating the decision. Identifying and Diagnosing the Problem The first stage of the decision making process is identifying and diagnosing the problem. The problem is the desire to move from Mississippi to Texas. Mississippi has been my home for the last 33 years and my son has asked me and my two daughters to move to Texas with him while he attends college there. Careful thought has to be made in order for this decision to be implemented. The decision has to be made within a four month time period in order to prepare for it. Generating Alternative Solutions The second stage of the decision making process is generating alternative solutions. Three solutions are present in this case. One solution is to not move at all but to stay in Mississippi. This solution would be the most cost efficient...
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...Decisions are made from the moment we wake to the moment we sleep. Some are small and require little to no thought while others can be stressing and require a process to aid in making the decisions. There are six steps to the decision making process. Each step will complement the next and prepare the person to make an educated discoing without being too hasty. The six steps are as follows: • Identify and diagnose the problem/issue. • Generate alternative solutions. • Evaluate alternative solutions. • Make a choice of solution. • Put the choice into action by implementing it. • Monitor or evaluate the decision after its implementation. About ten years ago, I had to make a professional and personal decision. It did not matter the choice, the other would be affected. I worked on the road and was only home maybe 30 days out of the year. This applied so much stress to my family with kids growing, my wife taking care of everything and me living in motel to motel across the country (the problem). I was a regional supervisor of a dominate railroad construction outfit and was based in the southern part of the country from east to west. One day, my wife told me she was breaking down and the children missed their father. They was living a very good life with plenty of money, new everything, always going to parks and other attractions. But something yet lacked, their dad. I began to make a list of Pros and Cons of quitting my job and going home. The list contained...
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