"Decision-making can be regarded as the cognitive process resulting in the selection of a belief and/ or a course of action among several alternative possibilities. Every decision-making process produces a final choice that may or may not prompt action. ...
Decision-making can also be regarded as a problem-solving activity terminated by a solution deemed to be satisfactory. It is, therefore, a reasoning or emotional process which can be rational or irrational and can be based on explicit assumptions or tacit assumptions. Most decisions are followed by some form of cost-benefit analysis. Rational choice theory encompasses the notion that people try to maximize benefits while minimizing costs.
Some have argued that most decisions are made unconsciously, if not involuntarily. Jim Nightingale, author of Think Smart – Act Smart, states that "we simply decide without thinking much about the decision process. ...
A major part of decision-making involves the analysis of a finite set of alternatives described in terms of evaluative criteria. Information overload occurs when there is a substantial gap between the capacity of information and the ways in which people may or can adapt."" [Decision-making. Wikipedia]
The block diagram example "Customer decision making" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Block Diagrams solution from the area "What is a Diagram" of ConceptDraw Solution Park.
Decision-making can also be regarded as a problem-solving activity terminated by a solution deemed to be satisfactory. It is, therefore, a reasoning or emotional process which can be rational or irrational and can be based on explicit assumptions or tacit assumptions. Most decisions are followed by some form of cost-benefit analysis. Rational choice theory encompasses the notion that people try to maximize benefits while minimizing costs.
Some have argued that most decisions are made unconsciously, if not involuntarily. Jim Nightingale, author of Think Smart – Act Smart, states that "we simply decide without thinking much about the decision process. ...
A major part of decision-making involves the analysis of a finite set of alternatives described in terms of evaluative criteria. Information overload occurs when there is a substantial gap between the capacity of information and the ways in which people may or can adapt."" [Decision-making. Wikipedia]
The block diagram example "Customer decision making" was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Block Diagrams solution from the area "What is a Diagram" of ConceptDraw Solution Park.
Block Diagrams
Block diagrams solution extends ConceptDraw PRO software with templates, samples and libraries of vector stencils for drawing the block diagrams.
Workflow Diagram
Workflow diagram is a perfect tool to represent visually a repeatable pattern of organizational activity that is powered by resources and to describe in details the transferring of data, documents or tasks during a work process. It effectively explains and documents the process flow that exists and that requires the studying, analyzing and execution. Workflow diagrams help to represent the working processes in a simple visual manner, to follow easy the path of a task in a workflow, to identify the persons responsible for the execution of each stage, to show the accompanied documents and needed resources. All this helps to optimize the workflow and to discover its weak points. Workflow diagrams are mainly designed and used as a part of project documentation, certification process and company policies to comply the standards. To design professionally the Workflow diagrams, use the ConceptDraw PRO software. Enhanced with Workflow Diagrams solution from the Business Processes area, the ConceptDraw PRO it is a powerful workflow diagram maker.Types of Flowcharts
A Flowchart is a graphical representation of process, algorithm, workflow or step-by-step solution of the problem. It shows the steps as boxes of various kinds and connects them by arrows in a defined order depicting a flow. There are twelve main Flowchart types: Basic Flowchart, Business Process Modeling Diagram (BPMN), Cross Functional Flowchart, Data Flow Diagram (DFD), IDEF (Integrated DEFinition) Flowchart, Event-driven Process Chain (EPC) Diagram, Influence Diagram (ID), Swimlane Flowchart, Process Flow Diagram (PFD), Specification and Description Language (SDL) Diagram, Value Stream Mapping, Workflow Diagram. Using the Flowcharts solution from the Diagrams area of ConceptDraw Solution Park you can easy and quickly design a Flowchart of any of these types. This solution offers a lot of special predesigned vector symbols for each of these widely used notations. They will make the drawing process of Flowcharts much easier than ever. Pay also attention for the included collection of ready Flowchart examples, samples and quick-start templates. This is business process improvement tools. If you are looking for MS Visio for your Mac, then you are out of luck, because it hasn't been released yet. However, you can use Visio alternatives that can successfully replace its functions. ConceptDraw PRO is an alternative to MS Visio for Mac that provides powerful features and intuitive user interface for the same.IDEF3 Standard
Use Case Diagrams technology. IDEF3 Standard is intended for description and further analysis of technological processes of an enterprise. Using IDEF3 standard it is possible to examine and model scenarios of technological processes.PM Response
The PM Response solution extends the functional abilities in project management for all three ConceptDraw products by helping to improve the response time to project changes, to plan on how to effectively respond on issues and events impacting the project. It supplies the project managers, team leaders, and all other project participants with wide abilities of iteration planning, creative collaboration, effective decision-making, discussions of the project layout approaches and solving the project challenges, lets them use mind mapping technique for iteration planning and applying the project changes, to represent the projects data as Mind Maps and use them to construct the clear plans, to convert project maps to project implementations, to use different kinds of Visual diagrams to solve the current project problems and to make correct decisions, to plan resources usage and to respond to changes in the project environment.
Audit Flowcharts
Audit flowcharts solution extends ConceptDraw PRO software with templates, samples and library of vector stencils for drawing the audit and fiscal flow charts.
Project Management Area
Project Management area provides Toolbox solutions to support solving issues related to planning, tracking, milestones, events, resource usage, and other typical project management functions.
PM Planning
The PM Planning solution extends the functional abilities of ConceptDraw MINDMAP and ConceptDraw PROJECT software, allowing to automatically create the spreadsheets reflecting the tasks and project statuses for people who have different project roles. The reporting capabilities of this solution are represented by the possibility to generate a wide range of project reports that allow the project managers, senior management and other project participants to be informed on a project daily progress and monthly objectives: All Inclusive Report, All Visible Columns, Milestones with Notes and Objectives, Projects Goals, Projects Managers, Project Team, and Top Level Tasks. The PM Planning solution from ConceptDraw Solution Park is a strong project management and productivity tool which simplifies the process of reporting and lets one create a document with the desired report, includes the predesigned examples, extends and improves the planning capabilities for all team members, improves the project communication, helps to accurately plan, maintain, and finish projects on time, to track the work of project resources, to perform the analytical work and to make effective decisions.
PM Meetings
PM Meetings solution extends ConceptDraw MINDMAP software with special tools, features, and templates, making the preparation for meetings of different orientation a quick and simple task, and allowing the project managers, team leaders, management specialists, and meeting organizers the capability to prepare easily and quickly for regular project meetings using solution's templates, to brainstorm ideas, to record brainstorming results, to keep the meetings on track, and to share meeting results immediately and without efforts. The meetings become more efficient because of the ability to easily record results, the collaborative team decisions are captured as a part of the meeting process, the meeting notes are easily distributed at a meeting’s conclusion to all participants and stakeholders.
What is SWOT Analysis in Marketing
What is SWOT analysis in marketing? SWOT analysis gives for analysts, marketing specialists and other professionals the perfect ability to identify the positives and negatives in an organization, as well as in the external environment. The SWOT and TOWS methods were developed for business and industry, they involve the specifying of a project's objective and identifying internal and external causes for accomplishing the project goals. A full awareness about the situation within and around your business can help effectively with both strategic planning and decision-making. ConceptDraw PRO and ConceptDraw MINDMAP software allow professionals to make the situation analysis, to develop strategies and plans for achievement defined objectives, to suppose the possible scenarios of further activity, to see the whole situation at a glance, to create well-designed SWOT and TOWS matrices in minutes. The SWOT and TOWS Matrix Diagrams solution from ConceptDraw Solution Park includes the SWOT matrix samples and templates that allow users quickly create their own SWOT and TOWS diagrams.Quality Mind Map
This solution extends ConceptDraw MINDMAP software with Quality Management Mind Maps (Presentations, Meeting Agendas, Problem to be solved).
Business Productivity Area
Business Productivity Solutions extend ConceptDraw products with tools for making presentations, conducting meetings, preparing documents, brainstorming, or building new strategies.
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