Decision Making – Brinito

Decision making -3- The Environment of Decision-making

May 11, 2019May 11, 2019

The environment in which decision-making is done and in which decisions are implemented can be described along the following lines: Certainty: In an environment characterized by certainty, full information is available on all the...

Decision making -5- Quantitative Techniques of Decision Making

Business , Decision Making , Startups

May 9, 2019May 11, 2019

Quantitative Techniques of Decision Making (i) Linear programming: It is the technique for optimization of an objective function under given resources and constraints. The objective function is either maximization of some utility or minimization...

Decision making -4- The Importance of Information, MIS system, programmed Decision-making

Business , Decision Making , Startups

May 9, 2019May 11, 2019

The Importance of Information in Decision-making Information is a basic requirement for decision-making. It significantly determines the effectiveness of not only the final decision but also the process of decision-making itself. Therefore, decision- making...

Decision making -6- Modern Techniques for Non-programmed Decisions

Business , Decision Making , Startups

May 8, 2019May 11, 2019

Modern Techniques for Non-programmed Decisions (i) Creative techniques: Creative thinking is needed for solving novel, non-routine problems. Creativity refers to the ability to generate new ideas and new ways of doing things. Brainstorming is...

Decision making -2- The Decision-making Process

Business , Decision Making , Startups

May 8, 2019May 11, 2019

The Decision-making Process Decision making is every manager’s primary responsibility. To make good decisions, managers should invariably follow a sequential set of steps as presented here. (a) Identifying and diagnosing the real problems: The...

Decision making -1- Types of Decision you have to take in Organization

Business , Decision Making , Startups

May 8, 2019May 11, 2019

Routine and strategic decisions: Tactical or routine decisions are made repetitively following certain established rules, procedures and policies. They neither, need the gathering of recent information nor conferring with individuals. Thus they can be taken without much deliberation. They might be complicated but are always one dimensional. They do not require any special effort by ...