Merging of Decision Making And Problem Solving Part 5-Principles of Management And Decision Making-Lecture Slides, Slides of Management Fundamentals

Download Merging of Decision Making And Problem Solving Part 5-Principles of Management And Decision Making-Lecture Slides and more Slides Management Fundamentals in PDF only on Docsity! 41 DM & PS Complete Process Monitor progress Lastly, if you have done your best, you have this as one measure of success docsity.com 42 Adaptive Decision Making Adaptive techniques for solving problems are:  A combination of logic and common sense,  While not precise, can produce satisfactory solutions. docsity.com 45 Strategies toward adaptive decision making  Decision staggering  Make incremental decisions to achieve an objective and  Avoid total commitment to a decision you cannot change.  Example: Before installing air-conditioning, try screens, shades, and fans. These may do the job. If not, will still help increase air- conditioning efficiency if later installed. docsity.com 46 Strategies toward adaptive decision making Exploration  Use information available to probe for a solution.  Exploring is a modified trial-and- error strategy to manage risk.  Unlike a throw of dice, however, it requires a firm sense of purpose and direction. docsity.com 47 Strategies toward adaptive decision making Exploration  Use this technique to move cautiously in small steps toward a solution.  Example: Doctors avoid committing to a single, incomplete diagnosis of an illness. Through precise exploration, determine the cause of an illness and its cure. docsity.com