Managerial Decision Making

Six Decision Stages in Chapter 5

III. Evaluate the Alternatives

Identify and state if the alternative has an impact on operational, personnel, and physical plant costs
Identify and state the impact of the alternative on the organizational structure, organizational culture, morale, and other areas.
State other departments needed to be brought in to evaluate the alternatives
Consider content in Chapter 7 – Organizing for Success
IV. Make a Choice

Select a choice and give a rational for selecting this choice
State why this is a good choice and its impact on all stakeholders
State what are the costs associated with implementing this choice
State how this decision will improve the company’s financial performance, corporate culture, or morale
Consider content in Chapter 5 – Planning and Decision Making
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