Acc 280

The Five Step Decision Making Method (The choice I have chosen to use in my organization)

The 1st slide the title would be
The Five Step Decision Making Method
  1. Preparing to decide
  2. Creating the options
  3. Evaluating the options
  4. Making and implementing the decision
  5. Setting the scene

Speaker Notes
The five steps to making a decision method is not only a general way to make a decision but it is also short and effective. The first step, preparing to decide is important because if a decision has not been made it should be the first priority to decide on the decision. The next step creating options consists of creating alternatives and spelling them out clearly. The third step, evaluating the options the decision maker collects or processes information that can help guide the decision. After evaluating the options,the information has been considered according to its relevance and significance, a decision based on that information should be made and, thereafter, implemented. The final step of setting scene of the five-step decision making process is to determine whether the decision was appropriate. Ordinarily, this will be done by ascertaining the decision's consequences.

Slide 2 title strengths and weaknesses
Strengths
  1. Useful when one person on the team has the overwhelming expertise
  2. Method often used by executive committees   or temporary committees
  3. Urgent decisions can be made
  4. Takes minimal time to make decision
  5. Clearly states alternatives

Weaknesses
  1. No group interaction required
  2. Unresolved conflict may exist or escalate within the business or among employees

Slide 3 title problem statement
  * Problem Statement
  * Affects on Stakeholders
Speaker notes
Consider working at a retail and grocery store   company that supplies products, goods and services to millions of customers each week.. They had issues deploying new television and blu ray releases... [continues]

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