Question

how did taking bold decisions attribute to the making of the history​

Answer 1

Answer:

Explanation:

century, Chester Barnard, a retired telephone executive and author of The Functions of the Executive, imported the term “decision making” from the lexicon of public administration into the business world. There it began to replace narrower descriptors such as “resource allocation” and “policy making.”

The introduction of that phrase changed how managers thought about what they did and spurred a new crispness of action and desire for conclusiveness, argues William Starbuck, professor in residence at the University of Oregon’s Charles H. Lundquist College of Business. “Policy making could go on and on endlessly, and there are always resources to be allocated,” he explains. “‘Decision’ implies the end of deliberation and the beginning of action.”

So Barnard—and such later theorists as James March, Herbert Simon, and Henry Mintzberg—laid the foundation for the study of managerial decision making. But decision making within organizations is only one ripple in a stream of thought flowing back to a time when man, facing uncertainty, sought guidance from the stars. The questions of who makes decisions, and how, have shaped the world’s systems of government, justice, and social order. “Life is the sum of all your choices,” Albert Camus reminds us. History, by extrapolation, equals the accumulated choices of all mankind.