Section 1 - Decision-Making Techniques Applied Now or in the near Future at Gentherm Incorporated of the United States
In my organization, there are two broadly used decision making techniques that have their own application specific to the management needs they satisfy. They are described in detail in the following manner:
Decision Matrix
This decision making technique is used to identify and evaluate possible alternatives to any given concern or problem for arriving at a most feasible decision. It involves creation or designing of a table containing several columns where the very first column different options or alternatives considered for making a particular decision. All those factors that have a direct and indirect on decision making process and the solution, ...