Decision-Making

Ted Stephenson

Chapter 7 in Management: A Political Activity, 1985, pp 130-155 from Palgrave Macmillan

Abstract: Abstract Decision-making is one of- the main functions of management. The classical formulation of the process has been the basis of many approaches to decision-making and problem-solving and is characterised by the following: 1. The manager is faced with a given problem 2. The rational manager first clarifies his goals, values and objectives and then ranks them in some order of preference. 3. He lists all the possible ways of achieving his goals. 4. He investigates all the important consequences that should follow from each of the alternatives he has developed. 5. He then compares these consequences with his goals. 6. He chooses the alternative with the consequences that most closely match his goals.

Keywords: Senior Management; Political Behaviour; Capital Equipment; Fundamental Decision; Ordinary Knowledge (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07692-5_7

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DOI: 10.1007/978-1-349-07692-5_7

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