Decision Making Structure

Decision making is one of the most significant aspects in a company because it summarized its culture, its set of beliefs and management practices. In business decision making focuses almost exclusively on the financial perspective, leaving aside relevant factors associated with the situation to be resolved. This enterprise-level drastically decreases the ability to maneuver successfully and adequately address the challenges of the market and competition. The day to day business, whether they are public or private, focuses on decision making. The decisions are not reversible, involve risk, their effects are long term and have a decisive impact on the survival of businesses. Knowing its importance within them, decisions are not always made by using methods, tools and procedures. Companies invest little in mechanisms for appropriate decision making. The wrong decisions have a decisive impact on the survival of businesses.

There is a completely different from the traditional managerial decision-making in business way. You can now work decisions using models and mathematical structures that allow multiple criteria incorporate both quantitative and costs or time, for example as well as qualitative risks that would come to be, goodwill, political, environmental, social, labor impact etc. This allows you to make decisions of higher quality, fully supported with better criteria and quantifying risks and greater benefits in time and money for your company.

What is Decision Analysis? 
Decision Analysis is a discipline that studies the structure and attributes of a decision problem that involves risk. Unlike traditional methods, Decision Analysis is an approach that provides methodology and mathematical models to solve a decision problem in a structured, evaluating potential solutions based on criteria inherent in the problem, and incorporating the preferences of the decision maker.

Advantages and benefits of Decision Analysis: 
• Applicable in a variety of business situations and individual privacy decisions. 
• Incorporation of multiple quantitative variables. 
• Inclusion of risk. 
• Add the decision maker's attitude toward risk. 
• formal and rigorous for decision making methodology. 
• Take high-quality decisions. 
• Increased competitiveness in your business.

It is a private or public company, industrial, commercial, technological, consumption, financial sector, among others, Decision Analysis can successfully address situations involving decision making:

• Vendor Selection: Based on your requirements, selects the most appropriate supplier or suppliers. 

• Project Evaluation: assessing the risk, cost and benefit associated to the decision options related to multiple projects such as selection of infrastructure, technology, machinery, distributors, among others. 

• Selection, Qualification and Promotion of Key Personnel: focused to Human Resources business, which should lead to the recruitment, assessment and recognition of key personnel of an organization, such as senior management, financial, operational, technical, etc. . 

• Marketing Decisions: Marketing allows businesses to fulfill the needs and requirements of customers. Its obligation to achieve value for the owners of the company and form a major part of the business strategy of it. 

• Evaluation of Business Policies: company policies guiding and focusing the efforts of a company to achieve its objectives. 

• Developing Market Strategies: aims to determine the markets that will serve the company, along with the mechanisms used for this purpose. 

• Location of Facilities: Allows the strategic location of manufacturing plants, offices, warehouses, retail outlets or in general, facilities related to the operation of the business, maximizing profits. 

• Resource Allocation: makes a distribution of resources among the different areas of your company to perform efficiently.