A graduate level class in managerial decision making teaches a process for making decisions and analyzing risks. The process uses typical inputs and outputs in an organiation such as materials, information, employees, new products, and resource allocation.

The process does two things. First, it provides a logical way to analyze information and integrates diverse tasks and work processes. Secondly, the process analyzes management behavior and links a variety of activities and concludes with a coherent and orderly view of management.

The variety of work activities are considered as processes starting with organizational processes. Organizational processes are divided into three areas: work processes, behavioral processes, and change processes. These processes break down further into areas such as communication processes, organizational learning processes, change processes, managerial processes, direction-setting processes, and many other work activities that are processes.

The decision-making and risk analysis processes were analyzed using software that considered all the possibilities, assigned probabilities, integrated various factors, and led to a calculated decision. The software creates a decision-making tree, a risk analysis model, an influence factor model, and simulated variations. The software used in the class was made by Palisades, but there are other creators of decision-making soft such as Decision Pro.

If you want to systematically analyze the decisions you have to make and your exposue to risk, you may want to consider decision-making software. The software can be found on the internet, and they usually allow you to download trial versions. It is interesting, but complicated to use.

Jo Ann Joy, Esq., MBA, CEO

Copyright 2006 Indigo Business Solutions. All rights reserved.

You may contact Jo Ann by phone at (602) 663-7007, by fax at (602) 324-7582, by email at joannjoy@Indigo Business Solutions.net, and by mail at 2313 East Ocotillo Rd., Phoenix, AZ 85016

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About the author Jo Ann Joy is the CEO and owner of Indigo Business Solutions, a legal and business consulting firm. Indigo Business Solutions is a “one stop shop” for small businesses. We differ from other business consulting firms, because we offer comprehensive legal and business counseling. We can offer most of the professional services that a business requires. We work with our clients to develop strategies that create value and competitive advantage. Our goal is your success.

Jo Ann has a law degree, an MBA, and a degree in Economics, but she is not a traditional attorney. Rather, she is a strategic business attorney who works closely with clients to create and implement strategies that will greatly improve their performance and chance of success. Her background includes commercial and real estate law, accounting, financial planning, mortgages, marketing, product development, banking, and business strategies. She ran a successful business for 10 years, and she has written and given presentations on many different legal and business subjects.

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