Lecture Objective
·
After studying this chapter, you should able
to
·
Describe the concept of decision making
·
Describe the types of decision making
·
Discuss the conditions of decision making
·
Describe rational and behavioral perspectives
of decision making
·
Discuss different forms of group or team
decision making
Lecture Outcome:
From
this lecture, students will be able to
·
Understand how decision are made by
organizations
·
Understand the different conditions of
decision making under which managers used to make decisions
·
Develop skills about how to evaluate
alternatives while making decisions.
·
Understand how different groups and teams
work in organization
Lecture Contents:
Decision
making process- Problem and Opportunity finding, Nature of managerial decision
making, Conditions of decision making, Steps in the rational decision making
process, Behavioral perspective of decision making, Forms of team and
group decision making