This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 8.1What Is Decision Making?
What You’ll Learn
• The two basic ways to make decisions.• The six steps to rational decision making.• How corporate culture influences decision making.• Two value systems that play a part in decision making.• The principles of team decision making.• The five types of management decision styles.
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 8.1What Is Decision Making?
Six Basic Steps to Rational Decision Making
1. Recognizing the need for a decision.2. Determining how to go about making a decision.3. Gathering information to help make a decision.4. Identifying possible alternatives.5. Evaluating each alternative.6. Selecting the best alternative
BUSINESS MANAGEMENTReal-World Applications & Connections
GLENCOE
SectionSection 8.1What Is Decision Making?
Fact and Idea Review
1. Why is it important for company managers to make good decisions?
2. What are the six basic steps in rational decision making?3. How does corporate culture influence decision making?4. What kind of value system does a manager who makes decisions