Use BookMyEssay:Problem Solving and Decision Making Assignment Help

Problem solving is the process to define a problem, identify, determine the reason for the issue, prioritize, and choose alternatives for solutions. On the other hand, decision making is considered a series of steps that begin with information output. 

What is Called Decision Making?

Decision making has formed a vital portion of modern management. Commonly, sound or rational decision making is considered the chief function of management. All the managers take many decisions either consciously or subconsciously and so, they determine both managerial and organizational activities. Decisions are defined as some courses of action that are selected from some alternatives for achieving managerial or organizational goals or objectives.

The process of decision making is an indispensable and continuous element of the management of business or organization activities. The decisions do make up some core useful values that all the organizations adopt and also implement for ensuring optimum drivability and growth regarding products and services that are proposed.

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The Steps Involved in Problem Solving

• Defining the problem – For solving a problem, you have to have a connection with the problem and never its symptoms. For instance, when the performance of your department is substandard, then you might think that the issue is with the people who submit work.
• Forming a policy – You need to form a policy too for solving your issue. When you define an approach then it will propose direction and also make clear the subsequent steps.
• Arrange the information – When you organize information systematically then you will be able to determine whether or not something is missing.
• Allocating resources – People do not remain equipped with all the important resources for solving an issue. And so, before you make a commitment to implementing a solution for an issue, you need to find out the obtainable of various resources, like time, money, and various other costs.

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Features of Decision Making

Some features of decision making are:

• Decision making is the method to select the finest from many alternatives.
• Decision making involves evaluating different alternatives.
• Decision making aims to achieve organizational goals.
• Decision making also includes come commitment and management remains committed to all the decisions it takes.

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