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Draw Conclusions and Formulate Recommendations (ABM - BES12-Ia-c-4)

This activity sheet discusses decision making for a business enterprise simulation. It provides definitions of decision making, noting that decisions should be based on gathered facts. It outlines six steps in the decision making process: 1) identify the problem, 2) seek information, 3) brainstorm solutions, 4) choose an alternative, 5) implement the plan, and 6) evaluate outcomes. Activities include discussing decision making, defining it yourself, and identifying the most important step. Another activity involves using the six steps to solve a problem in a ready-to-wear garments manufacturing company. The sheet concludes with reflections on what was realized and resolved.

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0% found this document useful (0 votes)
189 views6 pages

Draw Conclusions and Formulate Recommendations (ABM - BES12-Ia-c-4)

This activity sheet discusses decision making for a business enterprise simulation. It provides definitions of decision making, noting that decisions should be based on gathered facts. It outlines six steps in the decision making process: 1) identify the problem, 2) seek information, 3) brainstorm solutions, 4) choose an alternative, 5) implement the plan, and 6) evaluate outcomes. Activities include discussing decision making, defining it yourself, and identifying the most important step. Another activity involves using the six steps to solve a problem in a ready-to-wear garments manufacturing company. The sheet concludes with reflections on what was realized and resolved.

Uploaded by

Aimee Lasaca
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ACTIVITY SHEET IN BUSINESS ENTERPRISE SIMULATION

Third Quarter

Name: __________________________ Grade Level and Section: ________


School: _________________________ Date: ________________________
Teacher: _____________________ Score: _______________________

I. Title: Decision Making

II. Learning Competency: draw conclusions and formulate recommendations


(ABM_BES12-Ia-c-4)

III. Discussions
DECISION MAKING

Management is decision making. The job of a manager is to come up with a sound


decision based on the facts, tools, information, data, experience, the knowledge that he
is equipped. In the book “Practice of Management” P.P. Drucker observes that
“Whatever a manager does, he does through making decision.”

The word decides means to come to conclusion as to what one is expected to do at


some later time. According to Manely H. Jones, “it is a solution selected after examining
several alternatives chose because the decider foresees that the course of action he
chooses will do more than the others to further his goals and will be accompanied by
the fewest possible objectionable consequences.”

The decision therefore is a choice, however, the conclusion or the said choice is not
just based on intuition and one person’s idea, in management it should be based on
gathered facts. One of the competencies that a manager should have is the ability to
make a sound decision. Thus decision-making is the core of managerial activities in an
organization.

STEPS IN DECISION MAKING


1. Identify the problems
Realizing what is there to make decisions for is important. Decisions are not made
arbitrarily; they result from an attempt to address a specific problem, need or
opportunity.
2. Seek information
What is the potential cause of the problem? Managers must seek out information
to clarify options once the problem had been identifies.
3. Brainstorm solutions
List out potential solutions
4. Choose an alternative
Managers weigh the pros and cons of each potential solution, seek additional
information if needed and select the option they feel has the best chance to succeed at
the least cost.
5. Implement plan
There is no more time to guess second yourself once you put your decision into
action. Get all your employees and bring your decision into action.
6. Evaluate Outcomes
Always monitor the result of your strategic decisions. Be ready to adapt your plan
as necessary or to switch to another potential solution if the chosen one does not work
as you expected.
IV. Activities

Activity 1

1. Discuss your understanding about decision making based on the definitions given
above.
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2. If you were to make your own definition of decision making, what would it be?
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3. Which is the most important step in decision making? Explain your answer.
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ACTIVITY 2

Instructions: Research in the internet, and choose one problem in a ready-to-wear


garments manufacturing company. Solve your identified problem by going through the
six steps of the decision-making process.
Simulation Activity 1: Introduction

Instructions: Apply the concept of opportunity seeking, environmental scanning and


opportunity screening previously discussed. Within the area of your locality identify at
least three product ideas, may it be under the service sector or under the
trading/merchandising sector. Support your choices by knowing the population of your
target market in the specified geographic area.
V. Closures
At the end of the chapter, write two or three sentences to complete the following:

I realized that:
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I resolved that:

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VI. References

Edilynda G. Enriquez: Organization and Management

Prepared by:

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Subject Teacher

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