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What are the Principles of Good Decision Making?

What are the Principles of Good Decision Making?

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Answer #1

Decision making is a methodology of identifying alternatives and outcomes of each alternative and subjecting this information to a rational process or logical process of making decisions.

The principles of effective decision making are

1.Subject matter - A problem must be grouped as programmed or non programmed problem.

2. Structure of organisation- Good decision making requires decentralisation of authority.

3. Analysis of objectives and policies

4. Identifying the alternatives of a problem

5. A Good communication system

6. Good decision making requires adequate time.

7. Analysis of the impact of a decision

8. Involvement of a decision maker

9. Flexible thinking of a decision maker

10. Considering the chain relationship among the activities

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