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state the decision making role of management?

Posted by Devesh Bohra 5 years, 2 months ago

CBSE > Class 12 > Business Studies

1 answers

Meghna Thapar 4 years, 11 months ago

Managers are constantly called upon to make decisions in order to solve problems. ... Decision making and problem solving are ongoing processes of evaluating situations or problems, considering alternatives, making choices, and following them up with the necessary actions. Decision making is related to planning, organizing, directing and controlling functions of a manager. Decision making is important to achieve the organizational goals/objectives within given time and budget. Decision-making is a pervasive function of managers aimed at achieving organizational goals.

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