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Decision Making

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Decision Making & Problem Solving M. Burns FCS 3000 A few definitions Decisions Conclusions/judgments about an issue Decision making Process of making a choice ... – PowerPoint PPT presentation

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Title: Decision Making


1
Decision Making Problem Solving
  • M. Burns
  • FCS 3000

2
A few definitions
  • Decisions
  • Conclusions/judgments about an issue
  • Decision making
  • Process of making a choice between 2
    alternatives

3
Management Process
4
Decision-making style
  • Characteristic way a person makes decisions
  • Influencing factors
  • Values, knowledge, ability, and motivation

5
The Dash
  • Based on the video clip, reflect on the content
    and explain how the content can influence
    personal and family decision making.

6
Steps leading to decision plan
  1. Define the decision
  2. Estimate the resources needed
  3. Consider alternatives
  4. Imagine the consequences of alternative courses
    of action
  5. Develop the action plan implement
  6. Evaluate the decision

7
Decision-making models
  • Central satellite
  • Larger, more complex decisions
  • Chain
  • Smaller, more systematic decisions
  • Decision tree
  • Commonly used for business decisions

8
Central-satellite Model
Satellite Decision
Satellite Decision
Central Decision
Satellite Decision
Satellite Decision
9
Chain model
10
Decision trees
11
Decisions, decisions
  • You want to go on spring break, but how, where,
    why, etc. Apply the decision making process or
    models to this situation.

12
Decision rules
  • Principles or rules of logic
  • Seek the best outcomes
  • Waste no time
  • Utility, or usefulness of the decision, will be
    optimized.

13
Characteristics of personal decision making
  • Reference groups
  • Those who influence your decisions
  • Indecisiveness
  • Peter Principle
  • Decidophobia
  • Intuition
  • Sense of knowing what to do without going through
    the rational process

14
Family decision making
  • Accommodation
  • Reaches an agreement by accepting the point of
    view of the dominant person
  • Consensual
  • Mutual agreement equally acceptable to all family
    members
  • De facto
  • Lack of dissent rather than by active assent

15
Family decision making
  • Syncratic
  • Both parents share equally in making most of the
    decisions
  • Autonomic
  • Equal number of decisions are made by each spouse

16
Problem Solving
  • Problems
  • Questions or situations that present uncertainty,
    risk or difficulty
  • Problem solving
  • Decision making that leads to resolution of the
    problem
  • Internal v external search for solns

17
Critical Thinking
  • From the video, identify
  • Four steps of problem-solving process
  • Characteristics of critical thinking
  • Strategies of critical thinking
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