Decision making is the primary task of the management. Discuss this statement and explain the process of decision making.
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The process of decision making is not an arbitrary course. It has to be done after considering short term and long term effect of a situation.
When management takes a decision it has to cover the future growth process, the welfare of the company and the benefits of the stake holders.
Decision making is not an individual process. It has to be done in a collaborative manner.
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