Problem Solving and Decision Making
Presentation Key Concepts:
- Problem solving is the process of identifying problems and their causes, developing and evaluating possible solutions and taking decision action based upon this analysis.
- Effective managers learn to recognize, screen and define problems at their early stages and then to identify their underlying causes.
- Potential solutions for the removal of underlying causes are generated – logically, intuitively, or both-by individual or group thought.
- Potential solutions are evaluated within constraints imposed by the organization and by a manager’s own attitude toward risk.
- Decision making requires that managers choose between alternate courses of action; a number of mathematical tools can help to systematize the choice, which may be made upon logic, intuition, or a combination of both.
A logical step by step guide to solve business problems, that lead to a suitable decision making course.
Problem Solving and Decision Making
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I do agree with all of the ideas you have offered in your post.
They are very convincing and can certainly work.
Still, the posts are very quick for beginners. Could you please
lengthen them a little from next time? Thanks for the post.