Making Decisions Unit 3

Moderate Input Example

When you need to decide where to hold the picnic, it may be helpful to ask the employee steering committee for suggestions

Moderate Input

the decision maker asks for some input before making the decision

Make the decision:

- choose the best option - know why you made that decision - put the decision into operation

Identify alternatives:

- doing nothing is always a decision - make sure you identify enough alternatives - sometimes the most difficult task

Establish decision criteria:

- on what are you basing the decision? - Quantitative criteria, qualitative criteria, or tradition

Weigh the pros and cons:

- what is good/bad about each alternative? - cost, time, effort, benefit

Minimum Input Example

You are in charge of planning the company's potluck picnic. You don't need help deciding who to invite. It is a company picnic so you invite the employees

Qualitative Criteria

quality of data, information, and decision

Decision Making Process

1. Pinpoint your objective 2. Determine what you need to know 3. Gather the information you need 4. Select an appropriate decision-making style 5. Establish decision criteria 6. Identify alternatives 7. Weigh the pros and cons 8. Make the decision 9. Evaluate the decision's success

Select an appropriate decision-making style:

Minimum, Moderate, and Maximum

Gather the information you need:

Personal knowledge, business records, and outside research

Maximum Input Example

Since you are having a potluck meal, you need input from the entire group to coordinate who is bringing what

Maximum Input

The decision maker and the entire group decide together

Minimum Input

The decision maker decides without help

Quantitative Criteria

cost, potential profit, and time

Who is involved in making decisions?

the business person with minimum input, moderate input, and maximum input