develonment at cannondale co ration a leadin maker of mountain uispor reatiol and specialy bicvcles Mr.Galas who races bikes in his oft-hours helned de nad a Dhe nearan ow e veness or the iques are av help managers such Mr Ga Lecture Outline The n-Making Pro Step 3:Allocating Weights to the Criteria Step 6:Selecting an Alternative Step 7:Implementing the Alternative Evaluating Decision The Per of Decision Making The Manager as Decision Maker Making Rationality Bounded Rationality Role of Intuition Poor StucuredProbm ard Nonprogrammed Decisions king Conditions Risk Making Home Assignments: Review the questions listed in the lecture outline. Teaching Methods tion,discussion,teamwork and case study with the aid of multi-media 8 the decision-making process utilized by humans? In this chapter, we’ll look at the decision process and see that there is no thing that will ever replace the manager’s need to make decisions. Mario Galasso is a vice president of product development at Cannondale Corporation, a leading maker of mountain, road racing, multisport, recreational, and specialty bicycles. Mr. Galasso, who races bikes in his off-hours, helped design Cannondale’s new dirt bike and is in charge of launching the new product. Now that the new bike is out, how should Mr. Galasso evaluate the effectiveness of the decision? What decision criteria might he use? Tools and techniques are available that can help managers such as Mr. Galasso. Lecture Outline Introduction The Decision-Making Process Step 1: Identifying a Problem Step 2: Identifying Decision Criteria Step 3: Allocating Weights to the Criteria Step 4: Developing Alternatives Step 5: Analyzing Alternatives Step 6: Selecting an Alternative Step 7: Implementing the Alternative Step 8: Evaluating Decision Effectiveness The Pervasiveness of Decision Making The Manager as Decision Maker Making Decisions: Rationality, Bounded Rationality, and Intuition Assumptions of Rationality Bounded Rationality Role of Intuition Types of Problems and Decisions Well-Structured Problems and Programmed Decisions Poorly Structured Problems and Nonprogrammed Decisions Integration Decision-Making Conditions Certainty Risk Uncertainty Decision-Making Styles Summing Up Managerial Decision Making Home Assignments: Review the questions listed in the lecture outline. Teaching Methods: Lecturing, presentation, discussion, teamwork and case study with the aid of multi-media