[PDF] Framing a Decision An example of this would

What is an example of a decision-making process?

For example, someone shopping at a supermarket might weigh the cost of an item and the quality to decide whether or not to purchase it. People making larger decisions, like purchasing a new car or home, often spend a great deal of time thinking about the effects of the purchase so that they can be sure that the right choice will be made.

How do you make a decision?

You realize that you need to make a decision. Try to clearly dene the nature of the decision you must make. This rst step is very important. Collect some pertinent information before you make your decision: what information is needed, the best sources of information, and how to get it. This step involves both internal and external “work.”

What is a step-by-step decision making process?

Decision making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions. Using a step-by-step decision-making process can help you make more deliberate, thoughtful decisions by organizing relevant information and dening alternatives.

How do managers make decisions?

To get the work done, managers have to make decisions. In performing the decision-making role, managers act as entrepreneur, disturbance handler, resource allocator, and negotiator. In playing the entrepreneurial role, managers actively design and initiate changes within the organization. It involves some improvements.