Good decision-makers involve others when appropriate and use knowledge, data and opinions to shape their final decisions . They know why they chose a particular choice over another. They are confident in their decisions and rarely hesitate after reaching conclusions. Anyone can be a good decision-maker.
Which of the following is a characteristic of a decision maker?
Which is a characteristic of a successful decision maker? Rationale: Successful decision makers are self-aware, courageous, sensitive, energetic, and creative .
Which of the following are characteristics of a good decision?
- Good decisions positively impact others. ...
- Good decisions are replicable. ...
- Good decisions foster opportunity. ...
- Good decisions include others. ...
- Good decisions are executable. ...
- A good decision is systematic. ...
- Good decisions are accountable. ...
- Good decisions are pragmatic.
Which of the following is a requirement for a good decision making?
This leads to six requirements for a good decision: (1) an appropriate frame , (2) creative alternatives, (3) relevant and reliable information, (4) clear values and tradeoffs, (5) sound reasoning, and (6) commitment to action.
Which characterizes a good decision what is the answer?
A good decision is one that is made deliberately and thoughtfully, considers and includes all relevant factors , is consistent with the individual’s philosophy and values, and can be explained clearly to significant others.
What are the criteria of optimism in decision making?
The Maximax criterion is an optimistic approach. It suggests that the decision maker examine the maximum payoffs of alternatives and choose the alternative whose outcome is the best . This criterion appeals to the adventurous decision maker who is attracted by high payoffs.
What are the elements of decision making?
- The decision problem or goal.
- Attitudes, values and personal goals of the decision maker.
- Assumption with regard to future events and things.
- The environment in which decision is to be made.
What are the types of decisions?
- Strategic Decisions and Routine Decisions. ...
- Programmed Decisions and Non-Programmed Decisions. ...
- Policy Decisions and Operating Decisions. ...
- Organizational Decisions and Personal Decisions. ...
- Individual Decisions and Group Decisions.
What are some examples of decision making?
- Deciding what to wear.
- Deciding what to eat for lunch.
- Choosing which book to read.
- Deciding what task to do next.
What is positive decision making?
Positive decision makes attempts to seek out all alternative outcomes and sets about achieving the best of those outcomes . Planning. Negative decision making, being based on the absence of negative consequences, has little opportunity for planning.
What are the 7 steps of effective decision-making?
- Step 1: Identify the decision. You realize that you need to make a decision. ...
- Step 2: Gather relevant information. ...
- Step 3: Identify the alternatives. ...
- Step 4: Weigh the evidence. ...
- Step 5: Choose among alternatives. ...
- Step 6: Take action. ...
- Step 7: Review your decision & its consequences.
What are the 5 stages of decision-making?
- Stage 1: Need recognition / Problem recognition. ...
- Stage 2: Information search. ...
- Stage 3: Alternative evaluation. ...
- Stage 4: Purchase decision. ...
- Stage 5: Post-purchase behavior.
What makes good decision-making?
A good decision-maker chooses actions that give the best outcome for themselves and others . They enter into the decision-making process with an open mind and do not let their own biases sway them. ... Good decision-makers involve others when appropriate and use knowledge, data and opinions to shape their final decisions.
What are the six characteristics of an effective decision making process?
The DECIDE model is the acronym of 6 particular activities needed in the decision-making process: (1) D = define the problem, (2) E = establish the criteria, (3) C = consider all the alternatives, (4) I = identify the best alternative, (5) D = develop and implement a plan of action , and (6) E = evaluate and monitor the ...
What is Laplace in decision making?
The equal likelihood ( or Laplace) criterion multiplies the decision payoff for each state of nature by an equal weight, thus assuming that the states of nature are equally likely to occur.
What are the types of decision making environment?
- Certainty: ADVERTISEMENTS: ...
- Uncertainty: In the environment of uncertainty, more than one type of event can take place and the decision maker is completely in dark regarding the event that is likely to take place. ...
- Risk: ADVERTISEMENTS:
