Question

_____ is an integral part of management​

Answer 1

Introduction Decision-making is an integral part of management.

Answer 2

Decision-making is an integral part of management.

Decision-making definition:

“Decision-making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem”

Importance:

• A proper decision making enables a proper functioning of a management. Every manager has to take decisions every time during the course of implementation of a new plan or scenario.
• Desicions enhances the sustainability of a business or organization. It is one of the core neccessity to improve optimal credibility and functioning of an organizational team.
• Decision making is the 'check and balance system' for a business growth in both linear and vertical direction. Decision making involves a sequence of steps and hence are not taken hastily.

Steps involved in decision-making:

• Defining problem
• Collecting information and data

• Producing and evaluating options

• Selecting an appropriate option

• Implementation of the plan
• Review