What are the decision-making tools and techniques that a manager use for making a decision. Please explain?

Answer 1

Depends, there are a lot of tools..
CPA - critical path analysis
Flowcharting...
Brainstorming...
Pareto Analysis
Paired Comparison analysis
Collaborative Decision Making

probably the most important one
Cost/benefit analysis - i.e. value for money

and there are many more.. just do a simple google search for what's out there..

Answer 2

My goodness, there are hundreds of "tool and techniques." I can list some, but probably won't go into detail.

Flow Diagrams
Management Diagrams
Process Flow Charts
Process Flow time charts
Human Resource skill forms
Engineering Economics/Economic Anylisys
Design of Experiments
Linear Regression
Non-Linear Regression
Statistical Analysis
Design production speed (equipment)
Historic Precedence
Professional Opinion
Legal Analysis
Ethical Analysis
Productivity
Cost over time/Relative Productivity
Net Value
Gross Value
Rate of Return
Qualitative Analysis
Marketing Efficiency
Just in Time
Commodity Markets (is the value of a raw material increasing?)
Relative value added (I can't remember the name)
Time studies

Need more?

Answer 3

I use a special coin (Nevada state quarter) that I use on a daily basis. Heads or tails, it's all good. At least a decision has been made and we can go on to the next crisis...

Answer 4

The SWAG method is very common.

(Scientific Wild *** Guess)

Answer 5

um know


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