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    Importance of Decision Making

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    Sho Phaw Khu
    Decision making is important for several reasons: 1) It allows managers to implement key functions like planning, organizing, and controlling. Without decision making, these functions cannot be carried out. 2) Decision making occurs in all managerial activities and functions of an organization. It is pervasive and inescapable. 3) Decisions can evaluate managerial performance. Good decisions show a manager is qualified while poor decisions show they are disqualified. Decision making helps organizations select the best alternatives, establish effective plans and policies, and ensure successful business operations. It is a core part of any managerial role.

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    Importance of Decision Making

    Uploaded by

    Sho Phaw Khu
    77 views10 pages
    Decision making is important for several reasons: 1) It allows managers to implement key functions like planning, organizing, and controlling. Without decision making, these functions cannot be carried out. 2) Decision making occurs in all managerial activities and functions of an organization. It is pervasive and inescapable. 3) Decisions can evaluate managerial performance. Good decisions show a manager is qualified while poor decisions show they are disqualified. Decision making helps organizations select the best alternatives, establish effective plans and policies, and ensure successful business operations. It is a core part of any managerial role.

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    It is giving you the idea of the importance of making decisions.

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    Decision making is important for several reasons: 1) It allows managers to implement key functions like planning, organizing, and controlling. Without decision making, these functions cannot be carried out. 2) Decision making occurs in all managerial activities and functions of an organization. It is pervasive and inescapable. 3) Decisions can evaluate managerial performance. Good decisions show a manager is qualified while poor decisions show they are disqualified. Decision making helps organizations select the best alternatives, establish effective plans and policies, and ensure successful business operations. It is a core part of any managerial role.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    77 views10 pages

    Importance of Decision Making

    Uploaded by

    Sho Phaw Khu
    Decision making is important for several reasons: 1) It allows managers to implement key functions like planning, organizing, and controlling. Without decision making, these functions cannot be carried out. 2) Decision making occurs in all managerial activities and functions of an organization. It is pervasive and inescapable. 3) Decisions can evaluate managerial performance. Good decisions show a manager is qualified while poor decisions show they are disqualified. Decision making helps organizations select the best alternatives, establish effective plans and policies, and ensure successful business operations. It is a core part of any managerial role.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    IMPORTANCE

    OF DECISION
    MAKING
    By: Rikka Janine Gabutan - Felisilda
    Definition
     Decision making is a process of selecting the
    best among the different alternatives.
     It is the act making choices.
    - Before making decisions all alternatives should
    be evaluated from which advantages and
    disadvantages are known.
    - It helps to make the best decisions
     According to Stephen Robbins, “decision making is defines
    as the selection of a preferred course of action from two or
    more alternatives.”
    Importance – decision making
    1. Implementation of managerial
    function
     Without decision making different managerial
    function such as planning, organizing, directing,
    controlling, staffing can’t be conducted.
    Therefore, we can say that decision is important
    element to implement the managerial function
    2. Pervasiveness of decision
    making
     The decision is made in all managerial activities
    and in all functions of the organization. It must
    be taken by all staff. Without decision making
    any kinds of function is not possible. So it is
    inescapable.
    3. Evaluation of managerial
    performance
     Decisions can evaluate managerial performance.
    When decision is correct it is understood that
    the manager is qualified, able and efficient. When
    the decision is wrong, it is understood that the
    manager is disqualified. So decision making
    evaluates the managerial performance
    4. Helpful in planning and policies
     Any policy or plan is established through
    decision making. Without decision making, no
    plans and policies are performed. In the process
    of making plans, appropriate decision must be
    made from many alternatives.
    5. Selecting the best alternatives
     Decision making is the process of selecting the
    best alternatives. It is necessary in every
    organization because there are many
    alternatives. So decision makers evaluate
    various advantages and disadvantages of every
    alternative and select the best alternatives.
    6. Successful operation of business
     Everyindividual, departments and organization
    makes the decisions. In this competitive world;
    organization can exist when the correct and
    appropriate decisions are made. Therefore,
    correct decisions help in successful operation of
    business.

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