Everything you need to know about the meaning of decision making. Decision making may be described as the process of selecting a course of action from several alternatives so that desired result may be accomplished. The purpose of decision making is to direct human behaviour and commitment towards a future goal. It involves committing the organisation and its resources, to [...]
Everything you need to know the steps involved in the process of decision making. Decision-making is the cognitive process of selecting a course of action from among multiple alternatives. A decision is a choice made between two or more available alternatives. There are two basic types of decisions, namely programmed decisions and non-programmed decisions. All decisions regardless of their nature [...]
Everything you need to know about the techniques of decision making. Decision-making needs to be accurate and rational to be effective. Decision-making becomes a challenging exercise especially when decisions are complex and have implications on major stakeholders. Success of an organisation depends on corrective decision-making. Right decisions may bring success, whereas a wrong decision may ruin an organisation. For the [...]