1. Intuition

It is an insight without logical backing where an individual does something without the aid of resoning process. A decision taken under this method is marked by convictions and inner feelings of the manger without the support of facts and figures. Under this method, quick decisions can be taken but there is no guarantee that it will a right decision.

2. Experience

Adopting past decision to the present situation if the problem is of similar nature as that of one solved in the past. Of course, past experience gives a clear understanding of the issues involved in the present situation. But it is dangerous to give more weightage to the past experience because a decision applied in one situation may not be suitable to a different situation. Therefore, past experience can be used only to routine decisions.

3. Experimentation

It involves practical application of each alternative in actual situation. The results are observed.

The alternative give the best solution is selected. It is a time consuming and costly method. It leads to delay in decision making.

4. Brainstorming

It was developed by A.F. Osborn. It involves the use of a small group. This group is simulated to creative thinking. A particular problem is placed before the group and members of the group are asked to provide solutions. Later all the solutions are critically evaluated to arrive at the best solution.

It helps the mangers to arrive at innovative solutions. The success of this technique lies in creating a free and open environment where members of the group participate without any inhibitions. The larger the number of solutions, the fairer is the chances in locating an acceptable solution. But it consumes lot of time and an expensive exercise. It emphasizes only quantity of solutions, which prove to be superficial.

5. Synectics

Synectics is a concept developed by William J.J. Gordon. It is derived from a Greek word which means “Fitting together of diverse element”. A problem is presented to a group of people with different backgrounds and varied experiences. It is the responsibility of the group leader to present the problem and lead the discussion in order to stimulate creative solutions.

This approach ensures on the spot evaluation of ideas. The leader who is a technical expert assists the group in evaluating the feasibility of their ideas. When the problem is tough and challenging, this approach is used for effective decision-making.