HOME PAGE

CONTENTS OF 48-PAGE BOOKLET:
  •  The Big Picture
  •  Problem Solving and Decision Making
  •  The Decision Making Process
  •  System of Decision Making and Problem Solving
  •  Intuitive Decision Making
  •  Short Formula for Decision Making
  •  Full Model and Formula
  •  Specific Individual “Sciences”


    • STAGES AS APPLIED TO DECISION MAKING:
    1. Curious Observation
    2. Is There a Problem?
    3. Goals and Planning
    4. Search, Explore and Gather the Evidence
    5. Generate Creative & Logical Alternative Solutions
    6. Evaluate the Evidence
    7. Make the Educated Guess (Hypothesis)
    8. Challenge the Hypothesis
    9. Reach a Conclusion
    10. Suspend Judgment
    11. Take Action

    SUPPORTING INGREDIENTS:
    12. Creative, Non-Logical, Logical & Technical Methods
    13. Procedural Principles & Theories
    14. Attributes & Thinking Skills

  •  Group or Team Decision Making
  •  Management Decision Making Technique
  •  Managerial Decision Making
  •  Behavior Decision Making Theory
  •  Accounting for Risks Involved
  •  Decision Making under Uncertainty, Forecasting and Predicting
  •  Miscellaneous Strategies
  •  Opportunities to Use My Non-copyrighted Material
  •  Bibliography
  •  Your Guide and Worksheet
    		•

    Managerial Decision Making


    Managerial Accounting Tool for Decision Making

    It is self-evident that better decision making and problem solving by managers can greatly improve an organization's profits and goals. My research has shown that the SM-14 model is by far the best managerial accounting tool for decision making. A number of studies have shown that managers do not achieve much over 50% correct results in their decision making and problem solving. Why is this? Decision making has only been taught to a small extent in our colleges and universities. Many now offer a decision sciences course. But what has been lacking is widespread teaching of a good introductory course to decision making and a model formula suitable as a standard, such as SM-14. Various short models may be taught. Teaching decision making using a universal complete model such as SM-14 and a standard short model would be a tremendous advance.

    Decision Making Lesson Plans

    In general, there has been a lack of understanding of the importance of studying decision making as a separate subject by all students, although a few have been stressing its importance. This site offers the material and guidance for our academic community to develop better introductory courses and lesson plans for all managerial students and others, especially since no copyright is claimed on the material on this site.

    Remember that managers are also managers of the decision making of personnel under their supervision. In recent years organizational decision making has been pushed further and further down the ranks of employees. Thus we gave decentralized decision making.

    Why the System Concept Is Important for Managerial Decision Making

    The whole theory of decision making must be taught for effective decision making in organizations. The SM-14 model includes not only the 11 stages of mental activity but also includes 3 supporting ingredients that cover the system concept of problem solving and decision making. Nothing is left to chance.

    Scientific Management

    This is not just time and motion studies and efficiency of production workers. It is really the application of a model formula for the scientific method system such as SM-14 to all phases of an organization. SM-14 should be included in all books on management as it is the ideal managerial accounting tool for group decision making. Since a good decision making system has not been adequately taught in the past, today's managers should study this site and ask others under them to do the same. Larger organizations should organize training courses based on the material presented here for effective decision making.

    Judgment & Decision Making

    Individuals can greatly improve their chances of making the right decision if they are well educated in decision making, which is the main basis for good judgment, plus for intuitive decisions, and transfer of learning. Learning SM-14 results in being more creative and a better problem solver and understander of human nature. Don't delay; get started today.