Decision making is the most critical managerial task and the process of decision making explain
Answers
Decision making is the most critical managerial task. The manager has to choose between alternative means of moving towards an objective. Bad choices can destroy not only an individual's career but also have drastic implications for an organisation.
The process of Decision making:
Step 1: Identify the decision - Clearly define the nature of the decision that has to be named.
Step 2: Gather relevant information - Collecting pieces of information before making decisions is essential.
Step 3: Identify the alternatives - While collecting information, we will probably identify several possible paths of action or alternatives.
Step 4: Weigh the evidence - Evaluate whether the need identified in step 1 will be met through the use of evidence collected.
Step 5: Choose among the alternatives - Best alternative or even combination of alternatives can be chosen.
Step 6: Take actions - Begin to implement the alternatives.
Step 7: Review the decision and its consequences - consider the results of your decision and evaluate whether or not it has resolved the need you identified in Step 1. If the decision has not met the identified need, you may want to repeat certain steps of the process to make a new decision.
Decision making is the most critical managerial task.
Explanation:
- Decision making is the most important and most valued task in critical managerial processes. As in decision making, we choose the most essential course of action.
- The process of decision making involves several steps which are the identification of the purpose of decision making, information gathering, making alternative decisions,
- Followed by brainstorming, evaluation of alternatives, selection and execution of alternatives, and the evaluation of the results.
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