Question

Fill up the blanks with suitable words/phrases given in the

bracket. (Innovation, alternatives, goals and objectives, business

affairs, decision)

1. Decision making is a process of choosing between. ------------2. Analyze the situation and take a proper. ------------

3. Taking proper decision at proper time will help achieving

organizational. ----------

4. Right decision helps to manage all. -----------------

5. Proper decision making facilitates...---------------------​

Answer 1

Answer:

1. alternative

2. business affairs

3. decision

4. goals and objectives

5.innovation

Answer 2

Answer:

The suitable phrases to be added in the blanks are as follows-

1. Decision-making is a process of choosing between alternatives.

2. Analyze the situation and take a proper decision.

3. Taking proper decisions at the proper time will help achieve

organizational goals and objectives.

4. Right decision helps to manage all business affairs.

5. Proper decision-making facilitates innovation.

Explanation:

The above relates to the decision-making ability and its outputs.

• 1) Decision-making refers to the process of choosing among various options or alternative paths of action, which may also include inaction, and is referred to as decision-making.

• Although it is possible to argue that management is decision-making, half of the organizational managers' decisions ultimately fail. So both differ in some aspects.

• As a result, maximizing your effectiveness at work necessitates improving your decision-making skills.

• 2) Good decision-making skills can help managers to take the right decision and appreciate their employees that they value their work and efforts.

• When managers take the time to evaluate, analyze and explain decisions, they also show thoughtfulness and trustworthiness.

• 3) Proper decision-making at the proper time will help achieve team or organizational business goals, targets and objectives.

• 4) Right decision helps to manage all business affairs because this involves evaluating the benefits and drawbacks and disadvantages of various alternatives and selecting the most effective strategy for achieving a goal.

• Making decisions in management involves acting in a manner that meets the targeted goals and objectives of the organization.

• 5) Proper decision-making promotes innovation. Innovative Decision Making (IDM) is a workshop-based, individual, self-evaluation method that addresses the universal need of businesspeople; how to make the best choices.

• This looks at how the creative process can be used to make better decisions and solve problems.

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