Elements of Decision making

 

Elements of Decision making :

1)      Concept of a Good Decision: The first and important element of the process of decision making is the perception of a decision. The decision should be sound and result oriented. The decision should be based on facts and figures after its careful analysis. 

2)      Environment of Decision: The management should create a favorable environment in the organization structure for good decisions. The decision environment, the labor management relations, organizational pattern, the delegation of authority, decentralization policy are some important factors.

3)      Psychological Elements: The decision making is human process, so it is natural that the taken decision will be affected by the psychology of decision maker. Some personal attributes affecting decision are intelligence, educational level, temperament position, attitude etc.

4)      Timing of Decisions: All decisions should be taken as far a possible immediately and according to circumstances.

5)      Communication of Decisions: The decision should be communicated to concerned parties, as soon as they are finally taken. Communication must be clear, simple, easy and comprehensive.

6)      Participation of Employees: As far as possible, the employees should be given a due participation in the process of decision making. They should be motivated and educated for it.     

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