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It is the process of electing one alternative from two or multiple alternatives so as to reach the fulfilment of required task. These decisions in an organisation are taken by higher authorities and then communicated to subordinates or other organisations which are affected by such decisions. Whilst some of the decisions are extremely significant and affects a wide range of persons; some decisions are trivial and cease to be of any value to the organisation. There are basically two types of decision makings: programmed and none programmed. Programmed decisions are recurring decisions that are taken on a regular basis. Non programmed decisions are the ones that come into play rarely and it is not a routine decision making for the organisation. Students looking for various topics regarding decision situation can refer Decision Situation Assignment Help.
Elements of Decision Situation
There are varieties of elements of decision situation. Some of these elements have been explained in Decision Situation Assignment Help.
1. Decision makers: The people who take decisions greatly affect the decision. It is necessary that they rise above personal interests and decide for the greater good. If decision makers simply look for profit with no involvement of humanitarian aspect, the decision shall turn to be futile and shall not be helpful to the larger cause. Decisions are laid out in form of decision trees, flow charts etc.
2. Objectives to be accomplished: The kind of work to be done is the major factor that should be kept under consideration while forming an informed decision. The kind of work shall make the decision whether it has to be all about profit, material needs or beneficiaries. The solution of decision trees helps in this step. Further elements are illustrated as follows in Decision Situation Assignment Help.
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3. Relevant alternatives: The choices that are in front of an organisation are studied one by one. The most profitable alternative is considered amongst all. Also, with profit, there should not be any compromise made with the quality of attainment of goal.
4. Uncertain events: these are the events which are taken into consideration while making a decision. While some uncertainties might be relevant, some might not be. For an event to be an outcome of a situation, it is necessary that the outcome influences the objective in some way or the other. It can be studied in Decision Situation Assignment Help.
5. Consequences: When a decision is taken, there have to be consequences and repercussions. However all the consequences are not studied for the entire future. There is an aspect called planning horizon. It is the time point up to which it is necessary to check impact of our decision. Beyond that, it is not a concern.
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