Decision Making Process: Steps, Methods, and Techniques

This presentation provides a comprehensive overview of the decision-making process, essential for business success. It outlines the seven key steps: coming up with a decision, collecting information, considering alternatives, analyzing gathered information, making the best decision, taking action, and reviewing the outcome. The presentation emphasizes the importance of cost-effectiveness and stakeholder involvement. It also discusses technological and analytical methods for implementing changes within an organization, highlighting the advantages of each, such as increased productivity, reduced costs, and improved communication. The presentation references relevant sources to support its claims and provides a clear understanding of effective decision-making strategies in a business context.

Presentation
Introduction

Decision making process
• Basically, decision making involves coming up with an idea or
decision, collecting information, and finally taking the most
appropriate plan.
• There are seven steps involved in decision making which will be
discussed in the chapter.
• They include: coming up with a decision, collecting information,
looking for alternatives, consider the information gathered, consider
the best decision, taking action, and review the decision(Dede, 2018).
• For a business idea to become fruitful or a company to succeed the
process of decision making should be followed.

1. Coming up with a decision
• For a decision making process to take place you must start somewhere
thus, you must have an idea of the decision that you should take.
• This is a crucial part as you cant make a decision without knowing
what you want first.
• All decision taking in an organization should be cost effective and
bring positive impact in that company.
• The stakeholders should be given a chance to take part in the decision
making process.

2. Collect information
• Before collecting information, one has to identify the reliability of the
sources to collect information from.
• Sometimes the information one needs could be from within him/her
thus, a self assessment is a must in order to get the information.
• External sources of information could include: books, journals, other
people, websites, magazines among many more.
• All these sources should be verified sources that are free from
biasness.

3. Consider information gathered
• Once you have all the information you require, there will be many
routes that you can take. It thus, calls for one to take the most
appropriate route.
• The stage calls for one to list both the advantages and disadvantages of
each decision and considering the one that is cost effective and with
most benefits.
• Its also necessary to verify the information gathered in this stage
whether its helpful to what you want to achieve.

Decision making process
4. Consider the best decision
• This calls one to decide on the
most cost effective decision that
will help him or the company
into success.
• The decision considered should
bring a solution to the
organization. It should therefore,
be relevant.
5. Taking action
• This comes after reviewing all
the decisions and one settles on
one route.
• It calls for implementing the
decision into reality.
• Thus, involves putting in place
the necessary resources to
achieve the desired goals.

6. Review the process
• It involves going back and analyzing if the desired goals were
achieved.
• If there were any errors or problems, they should be identified and
corrected.
• If the desired goals were met the process can be kept, but if the goals
were not met then you may consider developing another process or not
taking some steps in the decision making process.
• This acts as a way of measuring the desired goals with the actual
results achieved.

Technological methods
• There two types of methods to use while implementing changes in an
organization: technological and analytical methods.
• Technology use in companies have resulted into efficiency and
effectiveness. It lowers cost since, two departments can be merged and
operated by one person with the help of technology or machines.
• Some of the advantages of technology use in a company are: increased
productivity, reduced cost of operation, effective communication
among others.

Analytical methods
• This involves the use of calculations in order to form or make
decisions.
• Advantages of this method includes:
 Employee growth and development
 More profits
 Better services
 Better communication

References
Dede, T. (2018). DECISION-MAKING PROCESS TECHNIQUES USED IN THE OPTIMIZATION OF
CONSTRUCTION PROJECTS. E-Journal Of New World Sciences Academy, 13(2), 128-136. doi: 10.12739/nwsa.2018.13.2.1a0407
Organizational Change: Success Stories To Learn From. (2019). Retrieved 22 September 2019, from
https://www.geteverwise.com/human-resources/organizational-change-stories/
Modern Technology Advantages And Disadvantages - Use of Technology. (2019). Retrieved 22 September 2019,
from https://www.useoftechnology.com/modern-technology-advantages-disadvantages/
Analytical Methods scope. (2010). Analytical Methods, 2(9), 1205. doi: 10.1039/c0ay90030c