Question

Explain decision-making function of management and mention its steps.

Answer 1

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Planning and Decision Making – – Determining Courses of Action, Organizing – Coordinating Activities and Resources, Leading – Managing, Motivating and Directing People, Controlling – Monitoring and Evaluating activities.

Answer 2

Decision making is related to planning organisation directing and controlling functions of a manager decision making is important to achieve the organisational goals.

1⃣ Better utilization of resources.

2⃣ Business growth

3⃣ Achieving objects.