Mgt503 lshort lec 16 | RATIONAL DECISION MAKING | principles of managment | mid term prep | скачать в хорошем качестве

Mgt503 lshort lec 16 | RATIONAL DECISION MAKING | principles of managment | mid term prep |

Welcome to Lecture 16 of the MGT503 Principles of Management series! This lecture covers the **Rational Decision-Making Model**, which is the ideal, step-by-step process managers should use to make optimal decisions. We'll break down all 8 steps of this crucial model. We will cover: 1. *The 3 Types of Managerial Problems:* (Crisis, Non-crisis, and Opportunity) 2. *The 8-Step Rational Model:* Step 1: Identify the Problem (not just the symptom) Step 2: Identify Decision Criteria Step 3: Allocate Weights to Criteria Step 4: Develop Alternatives Step 5: Analyze Alternatives Step 6: Select an Alternative Step 7: Implement the Alternative Step 8: Evaluate the Decision I'll use a simple "buying a car" analogy to make these 8 steps easy to remember! *⏰ TIMESTAMPS:* 0:00 - Introduction: The Rational Model 1:30 - The 3 Types of Managerial Problems (Crisis, Non-crisis, Opportunity) 4:00 - The 8-Step Rational Decision-Making Model 4:45 - Step 1: Identify the Problem 5:50 - Step 2: Identify Decision Criteria 6:40 - Step 3: Allocate Weights to Criteria 7:30 - Step 4: Develop Alternatives 8:15 - Step 5: Analyze Alternatives 9:00 - Step 6: Select an Alternative 9:45 - Step 7: Implement the Alternative 10:30 - Step 8: Evaluate Decision Effectiveness 11:30 - Conclusion --- *📚 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 #MGT503Lecture16 #DecisionMaking #RationalDecisionMaking #8StepModel #MGT503Handouts