The document outlines the 5 steps of the decision making process:
1) Identify and define the problem,
2) Generate and evaluate alternative courses of action,
3) Decide on a preferred course of action,
4) Implement the decision, and
5) Review the decision and monitor its outcomes. Examples are provided for each step to illustrate how it would be applied to resolve a specific problem related to information flow within an organization.
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Assignment #8
The document outlines the 5 steps of the decision making process:
1) Identify and define the problem,
2) Generate and evaluate alternative courses of action,
3) Decide on a preferred course of action,
4) Implement the decision, and
5) Review the decision and monitor its outcomes. Examples are provided for each step to illustrate how it would be applied to resolve a specific problem related to information flow within an organization.
Download as DOCX, PDF, TXT or read online on Scribd
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Contemporary Assignment #8:
You are kindly requested to apply, the five steps of decision making on a situation that you are trying to resolve and elaborate on each step on the decision making.
The 5 steps of the decision making for a specific problem
There are 5 steps of the decision making for a specific problem as the following:
I. Step 1: Identify and define the problem
Focuses on information gathering, information processing, and deliberation Decision objectives should be established Common mistakes in defining problems: – Defining the problem too broadly or too narrowly – Focusing on symptoms instead of causes – Choosing the wrong problem EXAMPLE: There is a problem in the flow of information in an organization, Lack of ownership around who collects and disseminates information , Ambiguous data access rights, which hinders sharing As we know the communications within large organizations is interesting to theorize about, but hard to measure and promote, Rich information flows of critical data is akin to having healthy blood circulation in our body, Without regular and nutrient-rich blood circulation, a body will quickly lose vitality. For many companies, having timely information is the lifeblood of customer service, operations, and financial management.
II. Step 2: Generate and Evaluate Alternative Courses of Action
Potential solutions are formulated, and more information is gathered, data are analyzed, the advantages and disadvantages of alternative solutions are identified Approaches for evaluating alternatives: – Stakeholder analysis – Cost-benefit analysis – Criteria for evaluating alternatives: (Benefits, Costs, Timeliness, Acceptability, Ethical soundness) – Common mistakes: Abandoning the search for alternatives too quickly EXAMPLE: Use the technology in data collection and analysis it correctly to make the information properly that allows us to make the right decisions. Make an open system. The Managers have to collect the inputs and sends the newly revised document to his target audience. Improve the communication process and tools. Information flow in an organization should do in two ways: – Vertically - Flow up and down among managers – Horizontally - Flow sideways among departments
Gathering and distributing information, and information
systems can make this process more efficient by allowing managers to communicate rapidly. Email is quick and effective, but managers can use information systems even more efficiently by storing documents in folders that they share with the employees who need the information. This type of communication lets employees collaborate in a systematic way. Each employee can communicate additional information by making changes that the system tracks.
III. Step 3: Decide on a Preferred Course of Action
Two different approaches – Behavioral model leads to satisficing decisions – Classical model leads to optimizing decisions EXAMPLE: Exclude the solutions that are not applicable Analyze the applicable solutions to short term, long term, and mixed development decisions
IV. Step 4: Implement the Decision
Involves taking action to make sure the solution decided upon becomes a reality Managers need to have willingness and ability to implement action plans Lack-of-participation error should be avoided EXAMPLE: Implementing new system and Software that will save much time and effort, reduce their mistakes, and help them provide better service. Update website information The establishment of a specialized department in the compilation and dissemination of information between departments.
V. Step 5: Implement the Decision
Involves comparing actual and desired results Positive and negative consequences of chosen course of action should be examined If actual results fall short of desired results, the manager returns to earlier steps in the decision-making process EXAMPLE: Do you control the exchange of information has been effectively Is there is a change? Is this a return to the organization benefit Taking the feedback from all employees