what is the need for decision making in management of business
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hey mate....
It is also regarded as the important function of management....
It is possible when there are two alternatives to solve a single problem or difficulty..
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Explanation:
A decision can be defined as a course of action purposely chosen from a set of alternatives to achieve organizational or managerial objectives or goals. Decision making process is continuous and indispensable component of managing any organization or business activities.
In business undertakings, decisions are taken at every step. It is also regarded as one of the important function of management. Managerial functions like planning, organizing, staffing, directing, coordinating and controlling are carried through decisions. ... Every decision-making process produces the final choice.
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