DECISION MAKING
Some Concepts - Problem , Opportunity, Problem solving, decision making, etc
What is the difference between Problem solving and Decision making in Management
Creative problem solving - Mediocre problem solving
Creative Problems - Creative Solutions - Creative People : Which is right ?
Certainty - Risk - Uncertainty -
Past vs. Future
Risk Vs. Return tradeoff
Process of Decision making
Creative Problems - Creative Solutions - Creative People : Which is right ?
Certainty - Risk - Uncertainty -
Past vs. Future
Risk Vs. Return tradeoff
Process of Decision making
Types of Decision making:
- Individual Decision making Vs. Group Decision making
- Mathematical Vs. Heuristic : ( Rational decision making )
- Participative Decision Making - Unilateral decision making
What is Bounded Rationality ( BR ) ?
Decision Making Vs. Decision Execution
Japanese method of Decision Making - Ringi system of decision making
Effectiveness and Decision making - ( 7 Ws ) When, Where, Who, Why, How, Which,
- Participative Decision Making - Unilateral decision making
What is Bounded Rationality ( BR ) ?
Give examples of decisions so far you made in your life and interpret Bounded Rationality ( BR) for decision making in your life ?
What is the difficulty with Unbounded Rationality ? Give examples
What are the Challenges / opportunities due to BR concept
Why BR ? Why not Un Buonded Rationality ?
What is good about Bounded Rationality ?
How economically beneficial for organizations to practice BR ?
What are the challenges for organizations in developing the managers with enough of BR ?
Decision Making Vs. Decision Execution
Japanese method of Decision Making - Ringi system of decision making
Effectiveness and Decision making - ( 7 Ws ) When, Where, Who, Why, How, Which,
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