Decision making is part of life in everybody's day to day life.
For managers, decision making is one of the primary tasks.
Management comprises of the following tasks : POSDCORB - Planning,
Organizing, Staffing, Directing, Co-ordinating, Reporting and
Budgeting. Management is a dynamic process. In very process, the
decision of a manager has the impact on the result. Managemnet is a
social organ, the decision by the manager affects the society as a
whole. A manager needs to take decision on so many circumstances
like under certainity and uncertainity. Every decision he makes has
the consequences on the development of the company.