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BIBLIOGRAPHY

• Weihrich & Koontz, Management


• Study Material by Prof. Keshav
Sharma.
• Peter F. Drucker, Management
Tasks, Responsibilities and Practices.
• www.google.co.in
• Business Today
DECISION MAKING
MODELS

Economic Man Model


Administrative Model
Implicit Favourite Model
Economic Model

Define Select
Problem Best Act
Discover (2) Decision
Alterna
Symptom (7)
tive
(1) Develop (6)
Criteria
(3) Dev
Dev
Outc-
Altntivs
ome
(4)
(5)
ASSUMPTIONS
• Collection Of Information
• Storage Of Information
• Information Manipulation
• Economic Rationality
EXAMPLES

Introduction Of new Product


ADMINISTRATIVE MODEL

Define Establish
Problem Criteria Identify Appraise
(1) (2) Feasible Alternative
Alternative (4)
(3)

Act
(5)

Appraise
Ease
Of
Aspiration
GAMESMAN MODEL

Compare Identify
Identify Establish
Set Implicit And Rank Conform
Action Criteria
Goal Favorite Rejected
(5)
(1) (2) Alternatives Candidate
(3) (4)

Announce
Act Decision
(7) (6)
CORPORATE EXAMPLES
Microsoft Ltd
 ROB-Internal Application
 3400 Financials Analysts

Wipro Technologies Ltd


Specialized Tools

Infosys Ltd
Queries??????

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