The Decision Making Process as It Relates to Planning

Decision making is the cognitive process leading to the selection of a course of action among alternatives. Usually the decision making process is implemented resulting from an identified problem that needs to be addressed and remedied. Each decision making process produces a final choice, which is called a decision. Planning is an integral part of the process. Without an organized plan, a final decision will be very difficult to achieve. Planning and decision making are very similar, yet very distinct processes by which organizational goals are met. If the two processes are implemented properly, they can complement each other so that goals can be realized in the most efficient and effective manner possible. Planning involves†¦show more content†¦Identifying the decision criteria and allocating weights to the criteria are components of the specific plans within the planning process. Identifying what is relevant to the purchase and giving each priority the correct weig ht helped the plan to come to fruition. Every element of the process must be specified so that the best decision will be made. The fourth step in the decision making process required very specific planning and research. Identifying viable alternatives that have the correct criteria is very important when making such a large investment. Our company wanted to review three different products that could resolve our reporting problems, yet we were only able to find two, Deltek and Microsoft s Navision. Once the two products were identified, demonstrations were set up to begin the fifth step of the process. Analyzing the alternatives is accomplished by appraising each product against the criteria outlined in step two and three of the process. Deltek and Navision are similar products in that they both provide similar reports and information needed. Yet, they are substantially different products. Deltek is a financial accounting software program and Navision is an ERP (Enterprise Re source Planning) system that attempts to integrate all data and processes of an organization into a single unified system. In terms of price, Deltek isShow MoreRelatedManagement And Future Direction Of A Business1072 Words   |  5 PagesChapter Overview Chapter 3 talks about how decision-making skills are put to work in making strategic choices for the management and future direction of a business. Goals that companies make are targets or results that managers hope to achieve. Managers must plan out what needs to get done, when it will get done, who will do it and how it will be done. When it comes to plans, there are two basic components: goals and action. â€Å"Formal plans are written documents that capture key strategic objectivesRead MoreManagement Strategy And Decision Making1157 Words   |  5 PagesJared Dandridge Part 3: Management Strategy and Decision Making a. 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