mgt503 short lecture 15 | Decision making and decision taking | mid term prep | highlighted handout скачать в хорошем качестве

mgt503 short lecture 15 | Decision making and decision taking | mid term prep | highlighted handout

Welcome to Lecture 15 of the MGT503 Principles of Management series! This lecture begins one of the most important topics in management: *Decision Making**. We'll learn that being a manager means being a decision-maker, and we will explore the formal process for making *effective decisions. We will cover: 1. *What is a Decision?* 2. *The Effective Decision-Making Process:* A step-by-step model (Identify Problem Generate Alternatives Choose Implement & Monitor). 3. *The 6 Criteria for Evaluating Alternatives:* How to choose the best solution (Feasibility, Quality, Acceptability, Cost, Reversibility, Ethics). 4. *Decision-Making Situations:* The difference between Certainty, Uncertainty, and Risk. *⏰ TIMESTAMPS:* 0:00 - Introduction to Decision Making 1:45 - What is a Decision? 2:30 - The Decision-Making Process 3:15 - Step 1: Identify the Problem (vs. Symptom) 4:50 - Step 2: Generate Alternative Solutions (Brainstorming) 6:10 - Step 3: Choice of an Alternative (The 6 Criteria) 8:30 - Step 4: Implement and Monitor 9:45 - Decision-Making Situations 10:20 - Certainty 11:00 - Uncertainty 11:40 - Risk --- *📚 IMPORTANT RESOURCES & LINKS* Here you will find all the important links for MGT503 Handouts, Notes, and our community channels. *Highlighted MGT503 Handout (Google Drive):* https://drive.google.com/file/d/1WEah... *Complete MGT503 Lecture Playlist:*    • mgt503 short lecture playlist   *Join our WhatsApp Channel:* https://whatsapp.com/channel/0029vb78... *Follow us on Facebook:*   / pfbid0335mshd7jfefng1rkfqqxmjzsbi3b4bppwxy...   *Access All Notes (Google Doc):* https://docs.google.com/document/d/1d... --- *CONTACT:* 03447216506 [email protected] #MGT503 #PrinciplesOfManagement #MGT503Lecture15 #DecisionMaking #DecisionMakingProcess #RiskVsUncertainty #MGT503Handouts