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Structured Approach to Decision Making

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In no more than 1750 words I would like a report of:

(a) Explain and analyze the 5 stages of the "Structured Approach to Decision Making". while giving real life example of its application to a project or activity that can be exercised at work.

(b) Briefly explain what dose 'Brainstorming' mean?

(c) Discussing and explaining the four types of organigraphs that helps representing an organization, with an example of each type.

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Explain and analyze the 5 stages of the "Structured Approach to Decision Making". while giving real life example of its application to a project or activity that can be exercised at work.

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(a) Explain and analyze the 5 stages of the "Structured Approach to Decision Making". while giving real life example of its application to a project or activity that can be exercised at work.

Let us select an example of a project in a firm, say implementation of an ERP solution. Let us see how a structured decision making approach is exercised to take an effective decision in such a situation.

The first step in the structured decision making approach is problem identification. In our scenario, the problem is to select and implement an effective ERP system, either via developing a customized solution by deploying in house or contract software developers, or buying on the shelf/ ready made solution.

It is essential at this stage that organizational members are well informed and clarified about the problem or issue in hand, so that a quality decision can be taken. In our scenario, it is essential that decision makers are well aware of their needs regarding the functioning of the ERP system and are able to define their requirements in a clear manner.

The second step in the decision making approach is identification of alternatives. The decision makers will brainstorm to identify various alternatives. For example, in our scenario, they will identify alternatives such as developing the system in house by utilizing in house talent, or hiring contract software professionals to develop customized solution, or to buy a ready made ...

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Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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