What are the steps in Management Decision Making Process? (9 steps)

A decision-making process provides a structured, and systematic approach to decision-making, and involves a series of steps that managers take to make informed decisions.

It provides a framework for managers to navigate complex challenges, make informed choices, and drive the success of the organization.

It's important to note that decision-making is an iterative process, and managers may need to revisit earlier steps based on new information, or changing circumstances.

This video is an introduction to the various aspects, however for a better understanding please check out the links from the "Additional Reading" section below and continue on your learning journey.

Note: Videos have been made with international students in mind, as such if your finding the speed of speech slow, please increase playback speed to 1.25 in YouTube.

I hope the video takes you beyond the definition & helps to make the learning process a little more tangible. Please subscribe & feel free to share.

Video Content

0:00 - Introduction to Management Decision Making Process

- Step 1, Identify the problem
- Step 2, Gather information
- Step 3, Analyse the information
- Step 4, Identify alternatives
- Step 5, Evaluate alternatives
- Step 6, Make a decision
- Step 7, Implement the decision
- Step 8, Monitor and evaluate
- Step 9, Learn and Improve,

Came across a great saying:
"Good management consists in showing average people how to do the work of superior people." - John D. Rockefeller

Additional Reading:
Decision Making in Management: Importance, Type, Process

Decision-making process

Decision-Making in Management: Importance, Types and Steps

School of Learning
Arnav Dutta
Be the first to comment