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Fundamentals of Management

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Fundamentals of Management

Introduction

Decision making is the process of deciding about something that is important with a group of people or in an organization and is the most important aspect in the modern management. It would be unethical to provide the health care service the experimental vaccine to treat the people of West Africa. This is because providing the vaccine to the healthcare providers will be going against the design of the health authorities of Australia and will cause biasness towards the health care provider. This might hamper the health of the West Africans as the vaccine has not been tested on humans. The following paragraphs of the essay will discuss about the steps of decision making and the need to apply ethics in the decision making process.  

Decision making is the process of making choices after identifying the problem, gathering information and assessing alternative solutions. Adopting the step-by-step decision making process is helpful in making more purposeful and precise decisions along with proper organization of the authentic information and the alternatives to the solution. The process of effective decision making involves an eight step process. The step-by step process of decision making is as follows;

Steps

The first step involves through analysis of the problem. Certain strategic or critical factors should be considered while defining the problem. These factors create obstacles in the way while finding proper solutions and are hence called the limiting factors. For instance, if a 

limiting factor in this case. While selecting the alternative solution to the problem, the more the critical factors are considered, the better and effective the solutions are. After the problem has been defined, the second step is to gather the relevant and authentic information regarding the problem. Effective decisimachine has stopped working due to the lack or non-availability of screws, the screw is the ons are made when proper information has been gathered.

The third step involves the setting up of the baseline criteria for choosing the alternatives to the problem. All the organizational as well as the cultural goals are considered while defining the criteria.  After the development of various alternatives, the best alternative has to be considered. The four main points that should be considered prior to the selection of the alternatives includes

The risk element that is involved has to be taken into account which is involved in each course of action prior to the actual profit. The cost of the effort that is involved which involves securing the desired results giving the least effort. The decision and the action must be completed in a stipulated span of time. The limited resources that are available affect the final selection of the decisions.

At the fifth point of time, the selected decision is put for action. The most important things that should be considered for in order to deliver the proper and effective problem includes the selected decisions should be properly communicated to the subordinates or to the other members of the group. The decision that is delivered has to be presented in a clear and in an understandable manner. The decision must be accepted by the subordinates. Group participation and involvement of the other employees facilitates execution of the decisions smoothly. The plan should be executed at the right time so that there are minimum chances of the change in the plan. 

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