Decision Making Process Analysis

Decision Making The decision making process helps managers and other business experts solve problems by observing other choices and deciding on the best way to take generally.

Using a step-by-step method is an effective way to make considerate, informed decisions that have a positive influence on your organization’s short- and long-term objectives.

The business decision making process is commonly divided into seven steps. Managers may utilize many of these steps without realizing it, but gaining a clearer understanding of best practices can improve the effectiveness of your decisions.

Decision making process

Steps of the Decision Making Process

The following are the seven key steps of the decision making process.

Identifying opportunities

This involves identifying what resources are required and gaining support from employees and stakeholders. Getting others onboard with your decision is a key component of executing your plan effectively, so be prepared to address any questions or concerns that may arise.

Monitoring and evaluating

An often-overlooked but important step in the decision making process is evaluating your decision for effectiveness. Ask yourself what you did well and what can be improved next time.

Common Challenges of Decision Making

Although following the steps outlined above will help you make more effective decisions, there are some difficulties to look out for. Here are common challenges you may face, along with best practices to help you avoid them.

Having too much or not enough information. Gathering relevant information is key when approaching the decision making process, but it’s important to identify how much background information is truly required. “An overload of information can leave you confused and misguided, and prevents you from following your intuition,” according to Corporate Wellness Magazine.

In addition, relying on one single source of information can lead to bias and misinformation, which can have disastrous effects down the

Following a logical procedure like the one outlined here, along with being aware of common challenges, can help ensure both thoughtful decision making and positive results.

Case Study:

As I’m currently working in a position of a management (IT Manager)

I’ll explain how I made a decision to avoid a big problem and to save a lot of money which will be paid if we face it, so let’s start.

Currently we are hearing about the new hacking Ransomware program that designed to block access to your computer or encrypting the data saved on it until the ransom is paid by displaying a message requesting payment to unlock or decrypt data.

This problem may be occurring in my organization and I think that this is a very big ethical issue could influence the ethical culture of the whole organization.

For example, the employee will be worry about his personality and his privacy.

So, I’ll explain in the following lines how to avoid this impact, according to Lewis, P. Goodman, S. and Fandt, P. (2001) we’ll follow seven steps to reach and implement a decision.

Also I’ll involve the Nominal group in all discussions to generate creative and innovative alternatives or ideas

Identifying opportunities and diagnosing