Chapter 09 Managerial Decision Making

• Theme 7. Management
• decisions

• Plan:
• The essence of making managerial decisions and the requirements for them.
• Levels of management decisions.
• Classification of management decisions.
• Strategic and tactical decisions, stereotyped and proactive decisions.
• Consensus principles and collegial management decision making.
• The essence of the "ringy" method when making managerial decisions.

• Decision is :
• A choice that you make about something after thinking about several possibilities.
• The act or process of deciding; determination, as of a question or doubt, by making a judgment

• A managerial decision is a choice of an alternative made by a manager within the framework of his official authority and competence and aimed at achieving the goals of the organization.The quality of management decisions is a criterion for a manager's effectiveness.

• Making a decision is a conscious choice from the available options for a course of action that allows you to achieve an existing goal.

Classification of management decisions

• There is a certain classification of management decisions. It is necessary to define general and specific approaches to their development, implementation and evaluation, which allows them to improve their quality, efficiency and consistency. Management decisions are classified according to certain criteria: by functional purpose, by effectiveness, by the role of achieving the goal, by the method of making, etc., which we will consider in the following table.

• Classification of management decisions

Strategic decisions are decisions that in one way or another make changes to the strategy of the organization. And the strategy, as you know, finds its expression in a comprehensive plan for the development of an organization for the long term (5-10 years or more).

• Strategic decisions are decisions that in one way or another make changes to the strategy of the organization. And the strategy, as you know, finds its expression in a comprehensive plan for the development of an organization for the long term (5-10 years or more).

• Tactical (mid-term) management decisions are designed to ensure the achievement of private goals, the solution of private problems. For example, drawing up the current plan of the company, solving employee issues, etc. These decisions are made by managers for a period of up to 2 years.

• Initiative and stereotyped decisions