Professional Documents
Culture Documents
Shailaja Karve
. Focus
. Lengths
Definitio
ns
Problem
Solving.
Definitio
ns
Decision
Making:
Problem Characteristics
Structured problem
Types of Decisions
Nature of task
Structured
Unstructured
Certain
Uncertain
Level of certainty
Scope of Decision
Operational
Efficient and effective execution of specific tasks.
They affect activities taking place right now
E.g... What should be today's production level
Managerial
Focus on effective utilization of resources
More longer range planning horizon
E.g... What is next years production level
Strategic
Long-range goals and policies for resource allocation
E.g... What new products should be offered
Impact
Affective learning
Self-direction
Responsibility for learning
Oral presentation
Communication
Cooperation
Define Issues
Analyze case data
Generate alternatives
Select Decision criteria
Analyze and evaluate alternatives
Select preferred alternative
Develop an action plan
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Graphs of the type shown above are called time plots and
control charts.
The acceptable level of dead fish was exceeded on
August 1 and 15.
On July 29 there was a large amount of chemical waste
discharged into the river. Discharges of this size had not
caused any problems in the past.
There has been little rain and the water level in the
river was low on August 1
Your conclusion?
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16
Confirm
Looking past the obvious
Challenging the basic premise
Asking for clarification when you do not understand
something
Ask insightful questions
If possible, go see the problem yourself
Confirm findings
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Problem
Cereal not getting to the market fast
enough to maintain freshness
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To Market to Market
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The Statement-Restatement
Technique
Originalproblemstatement:
Cerealisnotgettingtomarketfastenoughtomaintainfreshness
Cereal is not getting to market fast enough to maintain
freshness
(Do we have other products that get there faster?)
The Statement-Restatement
Technique
Substituteexplicitdefinitionsforkeywords
Breakfastfoodthatcomesinaboxisnotgettingto
theplacewhereitissoldfastenoughtokeepitfromgettingstale
(Makesusthinkaboutthepackageandtheproblemofstaleness
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TOWS Matrix
StrengthsMaximize
WeaknessMinimize
StrengthsMaximize
OpportunitiesMaximize
StrengthsMaximize
ThreatsMinimize
Opportunities- ThreatsMaximize
Minimize
mdp@simsr.somaiya.edu
WeaknessMinimize
OpportunitiesMaximize
WeaknessMinimize
ThreatsMinimize
5 whys
If you don't ask the right questions, you don't get the right answers.
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Cause-Effect Fishbone
Analysis
Lack of Spot ChecksProcedures
Equipment
Computer Down
No documentation
Drawing Errors
Not enough
Analysis
Terminals
Bypassed
Printer Delays
Lack of Training
Program Errors
No Teamwork
Bureaucracy
Morale Problems
Job Vacancies
People
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Deadline Pressure
Management
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Decision Elements
Decision Statement
What are we trying to decide?
Alternative:
What are the options?
Decision Criteria:
How are we going to judge merits of each
alternative?
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solution
s
1
Consequence
s of
Acceptation/r
ejection
immediate
2
Problem
identification
Short term
Long term
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Profits, ROI
Competitive advantage
Customer satisfaction
Employee morale
Cost
Time
Ease of implementation
RoI, Cus_Satis,
Competitive etc
Discussion