Factors affecting decision making ppt Thus, the make or buy decision should be reviewed periodically, say, every 1 to 3 years. T - (Political, Economic, Socio-Cultural and Technological) These Making a career choice is a defining phase in every student's life. ppt / . Contents • Introduction • Objectives • Factors Affecting Price Decision • Pricing Strategy 3. Stimulus Any unit of input affecting one or more of the five senses: sight smell taste touch hearing 2 ; Factors Influencing Buying Decisions 4 Social Factors Individual Factors Psycho- logical Factors Cultural Factors CONSUMER DECISION- MAKING PROCESS BUY / DON’T BUY ; Time and Psychological Factors: Time is an important dimension of decision making. The way you approach making decisions can depend on the factors that surround the decision you need to make and I like to categorize these factors into 6 groups: Decision types; Teachers, classmates, and parents make up the key human environmental factors that can influence a student's motivation. Public Opinion • Public opinion and priorities have strong influence on public policy over time. DECISION PROCESS Identify the target audience: loyal, current, prospective, deciders or influencers groups or ind. It outlines the six steps of decision making process as collecting information on alternatives, comparing alternatives, considering what could go wrong, constructing a clear picture of the decision, compiling requirements, and choosing an alternative. The output of how consumers behave in decision making in buying goods or services. Purchase 4. Dues for an organization’s membership 2. The graphics in this PowerPoint slide showcase four stages that will help you succinctly convey the information. “Factors that Affect Supply Cost of production Will affect how much a producers supplies Price The more expensive the less that may be suppl Consumer demand The more demand, the more supplied Profit goals How much does the business want to make Competition Is there any, if so price and supply are importan Government controls May affect supply if 2. Wages rates are not the only cost Lower the production may increase cost Cost per unit=Labour cost per day/production (unit per day) High cost per units means less attractive and low cost per unit means more attractive for Factors Affecting Decision Making - Free download as Powerpoint Presentation (. Introduction • Pricing is simply the “money charged for a product or service”. Education Education Vs. A literature review article on the influence of experience and environment on decision-making is a scientific article that aims to build a research hypothesis on the influence between variables 8. It then lists 14 factors that influence a company's capital structure decisions, including control interests of 11. Individual Factors (Cont’d) Few Individual factors are; iii. The important FACTORS AFFECTING FINANCING DECISIONS Cost Risk Cash flow position Control consideration Floatation cost Fixed operating cost State of capital market 8. 02 factors affecting financial decisions burns - Download as a PDF or view online for free. K. Following are the two main factors that affect pricing decisions. There are so many reasons you need a Assessing Key Decision Making Factors Presenting Individual Factors Affecting Decision Making In Powerpoint And Google Slides Cpb slide which is completely adaptable. Availability of sufficient capital affects the introduction, survival and growth of a business enterprise. The psychological factors like intelligence, experience, habits, temperament, etc. According to this approach of decision making, what makes human beings different from mere things is that people have dignity based on their ability to choose freely what they will do with their lives, and they have a fundamental moral right to have these choices The mean value of psychological factors is 3. Factors Affecting Shipper Decision • Transportation cost: The transportation cost refers the total cost a shipper involves in transporting the products to the customers. It notes the strategic importance of location decisions and that objectives may include profit potential while identifying several alternative locations. Specifically we need to be able to: Think about a topic or issue in an objective and critical way. Decisions based on these Factors affecting consumer behaviour - Grade 11 Marketing Project - Download as a PDF or view online for free. There are various factors influencing the purchases of consumer such as social, cultural,economic, personal and psychological. Career is a way of making a living, a profession or work which may require certain levels of learning or training. Decision making is selecting the best alternative to achieve objectives from available options. This is an important decision since it affects the productivity of the organization. For each factor, considerations are provided around appropriate styles, materials, fits, and details for different contexts. Effective decision making - Download as a PDF or view online for free which outlines the relevant and important factors for a decision. Example of how this may affect a job or career decision: Pretend that you decided to become a scientist. Demand • For a new product, there is need to price such product strategically in such a way that it penetrates the market, even if it will be at par with the total cost, while for a highly demanded product, an increase in price may not really have a high effect on the demand for such products, so is the need for management when making pricing decisions to The document lists several factors that influence a company's capital structure decision, such as financial leverage, risk, growth opportunities, and costs of financing. • It is everything that a “ customer has to give up” in order to acquire a product or service. In addition, you can alternate the color, font size, font type, and shapes of this PPT layout 5. ppt), PDF File (. PRICING PRICING is the act of determining the exchange value between the purchasing power utility or satisfaction acquired by an individual, group or an organization through the purchase of goods, services, ideas, rights etc. The remaining 80% of results are achieved with only 20% of the effort Brainstorming Cause and effect Cost benefit analysis Six thinking Hat Problem Restatement Technique Broaden our perspective of a problem, not to solve it Help us Decision Making Humans make decisions in most daily activities Decision making involves situation assessment and then the location, identification, and selection of a suitable course of action: The objectives of decision making in aviation are to: Influence an outcome of events Resist threats by avoiding them to ensure safe flight 9. This element of the marketing mix cannot be moved too frequently as it is closely 2. Education and Employment 4. ” North American culture stresses decisiveness, speed, and the individual selection of Ethical Decision Making - Download as a PDF or view online for free. E. CULTURE •Sub-culture refers to a set of beliefs shared by a subgroup of the main culture, which include nationalities, religions . Therefore, there must be some regular cash flow within the venture to help it sustain. 3) The type of the prospects, their location and The document discusses pricing decisions and advertising. There are some disadvantages with groups:Group think:biased decision making resulting from group members striving for agreement. An individual considers many factors before making a housing decision. Slide 1 of 2 External factors decision making ppt powerpoint presentation portfolio portrait cpb 13. It notes that effective decision making is a skill that must be learned and practiced, and ineffective decision making can lead to long-term negative consequences. • Public demands are in increasing manner which the government is subjected to meet the demands through its policies • It influences public policy The document outlines 9 stages in the decision-making process: 1) understanding the scenario, 2) identifying information and sources, 3) analyzing factors that affect information quality, 4) analyzing the information, 5) FACTORS AFFECTING THE DECISION-MAKING OF GRADE 10 STUDENTS IN THEIR CHOICE OF SENIOR HIGH SCHOOL TRACK A Thesis Presented to St. Making decisions through logical steps and considering options helps avoid negative outcomes. The graphics in this PowerPoint slide showcase three Decision Making Ppt found in: Normative Decision Making Ppt Background Designs, Techniques Of Group Decision Making Ppt Slides, Satisficing Decision Making Ppt Slide Styles, 37 Factors of Fast Decision Making 1. Profits: The basic criteria THE NATURE OF DECISION MAKING DECISION MAKING The act of choosing one alternative from among a set of alternatives. This is a nine stage process. Investment Horizon: The time horizon 1. THE ADVERSARY SYSTEM “Identify issues and provide points FOR and AGAINST” ISSUE 1 FOR AGAINST ISSUE 2 FOR AGAINST Name an issue DISCUSS the use of the. Factors affecting Strategic Choices • 6 Decision-Making Factors. Automobile insurance premium 3. 4. 81 shows a high impact on investment decisions, with 66% of investors has shown positive concern over psychological factors and considering it Presenting this set of slides with name factors affecting sales ppt powerpoint presentation portfolio slide download. The cash inflow to be received at different period of time will be discounted at a particular discount rate. The document discusses key insights from neuroscience and psychology research on human decision making. View Similar. MAKE OR BUY DECISION In a given situation, the organization should evaluate each of the above make or buy alternatives and then select the alternative which results in the lowest cost. have also impact on the decisions taken by entrepreneur. Read more. docx), PDF File (. The present values of the cash inflow are compared with the original investment. External factors include fashion pressures from management trends, mandated pressures from legal or environmental compliance issues, geopolitical events, market decline pressures from slowing demand, hypercompetition from rivals, and reputation/credibility pressures to maintain Factors affecting the Housing decision. 2. 25. Presenting Factors Affecting Decision Making Nursing Ppt Powerpoint Presentation Slides Sample Cpb slide which is completely adaptable. pptx), PDF File (. Nationality and Cultural Characteristics 3. Persuade your audience using this Five Key Funding Factors To Make Decisions Ppt PowerPoint Presentation File 14. It explains that much of decision making happens unconsciously in the brain before we are consciously aware The document discusses ethical decision making and provides a framework for understanding the process. The author first coined this categorization and taxonomy in his new book In or Out: A Practical Guide to Decision making is the art and science of choosing the available alternatives to attain our chosen goal. The Skills We Need for Critical Thinking Critically are varied and include observation, analysis, reflection, evaluation, inference, explanation, and decision making. Factors affecting the decision of the students have significant value in choosing courses . and other financing options. com Over 100+ slides on topics such as: 6 C’s of decision making, inherent personal and system traps, decision trees, decision making tips, the GOR approach to decision making, common pitfalls in decision making, effective strategies in The result shows that there are five behavioral factors affecting the investment decisions of individual investors at the Ho Chi Minh Stock Exchange: Herding, Market, Prospect, Overconfidence-gamble’s fallacy, and Anchoring-ability bias. Financial 7. Personal Values 5. It outlines a 9-step process for making ethical decisions that involves describing the problem, determining if there is an ethical issue, identifying key values Factors Affecting Career Choice - Free download as Word Doc (. legal system:. FACTORS AFFECTING DIVIDEND DECISION Earning. This document provides a framework for ethical decision making in business. Read less. The factors which affect the investment decisions (considered in my project as well): Risk Tolerance: Risk refers to the volatility of portfolio’s value. This is a six stage process. 13. Decisions may relate to trivial issues such as what to eat, which tv This document discusses factors that affect decision making. •Culture influences considerably the pattern of consumption and the pattern of decision- making. Return Needs: This refers to whether the investor needs to emphasize growth or income. 35 Decision making tools Problem Restatement technique SWOT analysis Pareto principle: 80% of unfocussed effort generates only 20% of results. This document discusses factors that affect decision making. Culture is “the way in which a group of people solves problems. You were offered two positions: A position on a lead team of scientists whose job it is to test highly controversial drugs on animals that may be highly effective in treating Outlines - Introduction - What is decision making ? - Decision making situation. Logistics The effect of any decision on one or more of the tangible factors can be measured and therefore it is easy to consider the pros and cons of every decision. Factors Affecting Investment Decision Cash flow of the venture: When an organization starts a venture it invests a huge capital at the start. Methods of pricing such as cost-plus, target-profit and going-rate pricing are outlined. This template helps you present information on five stages. It identifies six The reason is that the price is a very sensitive issue for the customers in their purchasing behavior. It also describes different methods for evaluating capital budgeting proposals, such as net present value, internal rate of return, and payback period. All cultures reject some edible parts of their environments. It involves 7 steps: 1) identify the ethical problem, 2) collect relevant information, 3) evaluate the information, 4) 17. It covers the meaning of pricing, objectives of pricing like market penetration and skimming. Curriculum refers to an Features of our Premium Decision Making PPT Templates: Top-quality unique slide designs; Fully editable slides; Two aspect ratios (4:3 & 16:9) To use the Futures Wheel, you first need to identify the different factors that are affecting change. Determine objective: awareness or instructions Design communications: message, creative, source Select channels: personal or non personal Establish budget: cost benefit analysis. e. 3. Demographic, social, and psychological profile 4. Groups tend to reduce cognitive biases and can call on combined skills, and abilities. Real-time information. Examples of selling prices 1. In addition, you can alternate the color, font size, font type, and shapes of this PPT layout according to your content. Magistrates’ court: 2 or 3 magistrates, or 1 district judge (no jury) Tries criminal “summary offences” (most motoring offences, drunk and disorderly). 6. Different cultures may encourage or frown upon consumption of different foods. pdf), Text File (. 1. It is one of the critical decision making areas in marketing. Decide on media mix: TV, Radio, Press Measure results The document discusses decision making, including definitions, importance, types, styles, factors affecting success or failure, models, and steps. Production 5. The stages in this process are financial decision, factors affecting, financial decision, economic decision. It is important for better resource use, business growth, and more. The amount of risk the investor is willing to take on is an extremely important factor. Evaluate a point of view to determine how The main aim of this research is to determine the factors affecting industrial good buying decision-making in a manufacturing company. This is a factors affecting financial decision making ppt powerpoint presentation files. Inventory 6. It outlines cognitive and brain development factors that influence adolescent decision making. Cultural factors determine when, where, how much, and how quickly food is to be eaten. Passes “indictable offences” to Crown Court. It discusses how students may lack a solid career path idea and be influenced by their About This Product : To download this entire Decision Making PowerPoint presentation visit ReadySetPresent. Net present value method It recognizes the impact of time value of money. Organization Buying Organization buying is the decision-making process by which formal organizations establish the need for purchased products and services and identify, evaluate, and choose among alternative This is a factors affecting financial decision making ppt powerpoint presentation files. These factors can be internal (such as changes in your company’s product line) or external There are both internal and external factors that can drive organizational change. BIZZOLUTION International Types of Leadership Styles Autocratic Decision making without the input of others Impose will on employees Suitable for employees who need close supervision Example: Ridley Scott In an industry where box-office receipts measure success, Scott remains one of the few Hollywood directors whose films are profitable and 5. Curriculum is what is taught in a given course or subject. It is the process and the act of reaching a conclusion. The stages in this process are external considerations. Personnel 8. txt) or read online for free. Even so, the organization expects at least some form of income to meet everyday day-to-day expenses. This is a two stage process. Factor that affect location decision Labor productivity Before installing a plant companies must assess the availability of productive labours. Students have to consider several factors before arriving at a decision. • Here are some factors which directly influence Retail Consumer buying It includes factors such as internal factors, competition, external factors, stakeholders, etc. CULTURAL BELIEFS One's culture determines what constitutes food. The stages in this process are internal factors, external factors, affecting sales, social, checklist. ECONOMIC FACTOR • Factors such as availability of finance, labor, land, accessibility of customers, suppliers are the factors that stimulate entrepreneurship. Factors Influencing on Curriculum Development Definitions of Curriculum Curriculum is the guidelines by which different content matters are taught and assessed. This PPT presentation can be accessed with Google Slides and is available in both standard screen and widescreen aspect ratios. Heuristics serve as a framework in which satisfactory decisions are made quickly and with ease (Shah & Oppenheimer, 2008). Usually occurs when group members rally around a central manger’s 2. S. High Involvement Decision Making: These decisions are very important as these products are of very high value and involve a lot of risk and are bought once in a life time or few times in a life time. for tertiary education. Consumer Decision Making - Download as a PDF or view online for free. 3 V ariables. 9. Multiple simultaneous alternatives. It is considered as the best method of evaluating the capital investment proposal. Age and Gender 2. There are different processes involved in the 11. Social Psychology and the Law The main areas that have been taken into account in this research paper include, participation of women in decision making on different aspects, factors affecting the decision making power of Factors Affecting Pricing Decisions. Key factors that affect location decisions are identified as regional factors like raw material and market locations, site-related issues, multiple plant strategies, and community considerations. This is a factors influencing strategic decision making ppt sample download. Most of these factors have moderate impacts whereas Market factor has high influence. Define Selling Price The amount a seller charges for a good or service; usually thought of as the dollar figure shown on the price tag of products or quoted as the price of services. It is widely used in practice. Group Decision MakingMany decisions are made in a group setting. I. However, since family structures for the majority of the households in the region are male 2. A decision that have been viewed as most suitable for the current working of the organization. U. DECISION-MAKING PROCESS Recognize and define the nature of a decision situation Identify appropriate alternatives Choose and justify the best alternative (Recommend) Evaluated on basis of feasibility, effectiveness, and 9. The topics discussed in this slide are The result shows that there are five behavioral factors affecting the investment decisions of individual investors at the Ho Chi Minh Stock Exchange: Herding, Market, Prospect, Overconfidence-gamble’s fallacy, and Anchoring-ability bias. Fast decision makers must have access to and be able to process real-time information. Independent V ariables Factors affecting the decision of the This ppt would be useful for those wants to understand the internal factors affecting consumer behavior. • Public nowadays are conscious and are concerned about the transparency, environment issues, climate change etc. Identify the different arguments there are in relation to a particular issue. It is also a useful set to elucidate topics like Individual Factors Affecting Decision Making. Curriculum is the outline of concepts to be taught to students to help them meet the content standards. • The “price is not the same thing as cost”. Many types of heuristics have been developed to explain the decision making process; essentially, individuals work to reduce the effort they need to expend in making decisions and heuristics offer individuals a general guide to follow, thereby reducing 7. Specifically, this research is conducted to analyze the Factors affecting Decision-making Intangible Factors Tangible Factors 1. PSCHOLOGICAL factors The process of strategic choice is essentially a decision making process. Effective teachers display caring, fairness, positive social interactions, enthusiasm for teaching and learning, positive Download ppt "Factors affecting jury decision-making:" Similar presentations . An important part of marketing: Studies the reasons of consumers behaviour in their buying decisions Why, When, Where, What How Depends on different types of marketing stimuli (P’s) and other factors P. The document provides background information on factors that influence students' career choices and decisions about what program to pursue in college. 1 of 23. 13| Ethical Decision Making Individual Factors 1. THE CONSUMER DECISION MAKING - Download as a PDF or view online for free • Download as PPT, PDF These may explain why our preferences often change as our `situation' changes. External Environment Factors: External factors are beyond the control of a firm, its success depends to a large extent on its adaptability to the environment 6 Micro Environment: The environmental factors that are in its Factors affecting jury decision-making:. Animated . Factors Influencing Retail Consumer • Understanding consumer behavior is critical for a retail business in order to create and develop effective marketing strategies and employ four Ps of marketing mix (Product, Price, Place, and Promotion) to generate high revenue in the long run. - Problem solving - Relationship between decision making and problem solving - Types of decisions - Level of decision - Factors affecting decision making - Decision making process - Decision making models - Decision making techniques - Problem solving methods - Problem solving steps - Critical Factors affecting media selection - Download as a PDF or view online for free • Download as PPT, PDF Media selection In making media decision, we have to consider the following factors : 1) The financial allocation for advertising. Factors influencing pricing like costs, competition and economic conditions are examined. Consequently, it is extremely difficult to make conclusive statements regarding who makes decisions and in which areas. The transportation cost depends up on the price • Download as PPT, PDF Cultural factors and decision making. FAO (2000) stated that Very few studies on decision- making at the household level have been conducted in countries of the Near East region. 35. Unit 3 Ethical Decision-making. John’s Cathedral School In Partial Fulfillment Of the Requirements for the 9. Consumption of different foods at different stages of life may be 6. The jury system Chapter 12. txt) or view presentation slides online. It is a life-long job, professional progress, a vocation or occupation that a person goes into and therein makes 1. 1– Internal Factors 2- External Factors Internal Factors affecting Decision Making Internal factors • Decision makers physical and emotional status • Personal characteristics and values • Past experience and interest • Knowledge and attitude • Self awareness and courage • Energy and Factors Affecting Dividend Decision Making Essential Financial Strategic Planning Decisions Internal factors decision making ppt powerpoint presentation infographic template cpb. doc / . Factors affecting capital structure - Download as a PDF or view online for free. Capital is one of the most important prerequisites to establish an enterprise. Sales 2. The purpose of this research was to see the factors 35 Right Based Approach An important approach who focused on the individual's right to choose for herself or himself. Many factors influence financial decisions, including family, culture, society, economics, technology, media, laws, and personal priorities and values. Ethical Decision Making Factors Affecting Decision Making 13. 5 Values Compassion- Compassion is caring and empathizing deeply with people and/or creatures. 4. Factors Affecting Consumer Behavior Consumer behavior refers to the selection, purchase and consumption of goods and services for the satisfaction of their wants. How do you make your decisions? Do you use a proven model? Do they turn out as well as you wish on a regular basis? If not, try these decision making models and This slide provides information regarding decision making factors that directly affect product profitability. , 60. Increase audience engagement and knowledge by dispensing information using Factors Affecting Strategic Decision Making Boosting Financial Performance And Decision Strategy SS. Factors affecting centralisation and decentralisation • History and Nature of the Organisation:- Centralisation or decentralization of authority depends on the manner, in which the organisation has built up over time i. It identifies six steps in the decision making process: 1) construct a clear picture of what must be decided, 2) compile requirements, 3) collect alternatives, 4) compare Decision Making Psychology & Decision Making Models. Working Experience Education is irrelevant of impact on ethics ii. Developing Alternatives It includes factors such as investment costs, frequent investments, follow up statements, etc. Social Factors Social factors also impact the buying behavior of consumers. Presenting our well structured Factors Affecting Financial Portfolio Decision Making. Nationality Legal relationship between a person and the country MNCs try hiring businesspeople who can make decisions regardless of nationality Age “The older you are, the more ethical you are” iv. 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