Mgt 305 1st Edition Lecture 20Outline of Last LectureI. Equity TheoryII. Types of JusticeIII. Expectancy TheoryOutline of Current Lecture I. Decision MakingII. Decision Making ProcessCurrent LectureDecisionA choice among two or more alternativesProblemAn obstacle that makes it difficult to achieve a desired goal or purposeDecision-Making ProcessStep 1: Identifying a problemStep 2: Identifying decision criteriaStep 3: Allocating weights to the criteriaStep 4: Developing alternativesStep 5: Analyzing alternativesStep 6: Selecting alternativesStep 7: Implementing alternativesThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.Step 8: Evaluate the decision
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