What is independent direction?
Dynamic Definition
Picking the right and reasonable game-plan from choices to accomplish the predefined result. Navigation is the center of the board.
Navigation is an administration system and interaction for choosing the most reasonable arrangement from a bunch of choices to accomplish the best outcome.
Present day administration includes a ton of direction. In the requesting climate in which they work, each expert or the executives makes many decisions.
It's a pivotal step since they should settle on hierarchical and administrative activities and needs. Contingent upon time, assets, and different elements.
The board choices are vital in light of the fact that they habitually influence business exercises, hierarchical execution, and corporate targets.
9 Characteristics of a Good Decision
The characteristics of decision making are discussed as under:characteristics-of-decision-making
Selective: It is a selective process in which the optimal alternative is opted, among the various alternatives. The selection of the alternative is done, only after evaluating all the alternatives against the objectives.
Cognitive: As the decision making encompasses the application of intellectual abilities, such as analysis, knowledge, experience, awareness and forecasting, it is a cognitive process.
Dynamic: It is a dynamic activity in the sense that a particular problem may have different solutions, depending upon the time and circumstances.
Positive or Negative: A decision is not always positive, sometimes even after analysing all the points a decision may turn out as a negative one.
Ongoing process: We all know that a company has perpetual succession and various decisions are taken daily by different levels of management to keep the firm going. These decisions are taken, keeping in mind the objectives of the organization.
Evaluative: Evaluation of the possible alternatives using critical appraisal methods, is a part of the decision-making process.
It is a problem-solving activity which produces a solution considered as the most favourable and appropriate one, as per the situation.
Process of Decision Making
Decision making involves the identification and selection of the alternatives on the basis of the values, preferences, requirements, and beliefs. To begin the process objectives must be defined, classified and arranged in the order of their importance.process-of-decision-making
Defining the problem: The first and foremost step in the decision-making process is to clearly identify the problem for which a decision has to be taken.
Collecting information: Gathering the relevant information concerning the problem is the next step in the process. For this purpose, an internal assessment needs to be done, while seeking external sources for the information.
Identifying alternatives: After collecting the pertinent information, you will come across the multiple courses of action which can be taken to solve the given problem.
Weighing the alternatives: On the basis of different parameters such as risk, economy for effort, timing, and limitation of resources weigh each alternative and check how accurately it resolves the issue and what are its consequences.
Selecting the best possible option: After weighing each and every alternative, the next step in this process is to select the best possible course of action, or a combination thereof. The alternative which is able to attain the objectives is regarded as the tentative decision, which is evaluated for possible consequences.
Planning and Execution: To convert the decision into action, the course of action so selected is taken, along with that supplementary actions are taken to block negative consequences (if any).
Taking the follow up of the action: In the last step, the outcome of the decision is reviewed and evaluated as to whether it is capable of resolving the problem.
