Process of Decision Making

(It will be a good idea to read the previous posts on the subject for better understanding).

Decision Making Procedure

• Identify the decision to be made together with the goals it should achieve.
• Get the facts.
• Develop alternatives.
• Rate each alternative.
• Rate the risk of each alternative.
• Make the decision.

(Refer our High Quality Management Encyclopedia “Management Universe” at: http://management-universe.blogspot.com/)

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