This article throws light upon the top four techniques adopted by group members to take decisions. The techniques are: 1. Meetings 2. Brainstorming 3. Nominal Group Technique 4. Delphi Technique. Technique # 1. Meetings: Meeting is gathering of people to discuss a common issue. Members gather to discuss issues mentioned in the agenda and make various decisions. The chairperson controls [...]
After reading this article you will learn about Decision Making in an Enterprise:- 1. Meaning of Decision Making 2. Process of Decision Making. Meaning of Decision Making: To decide means to 'cut short', 'cut-off' or come to conclusion, A decision is a choice whereby a person forms a conclusion about a situation. A decision represents a course of behaviour or [...]
This article throws light upon the seven different types of decision taken in an organization. The types are: 1. Programmed and Non-Programmed Decisions 2. Major and Minor Decisions 3. Routine and Strategic Decisions 4. Policy and Operating Decisions 5. Personal and Organizational Decisions 6. Long Term Departmental and Non-Economic Decisions 7. Individual and Group Decisions. Type # 1. Programmed and [...]