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It is rightly said that the first important function of management is to take decisions on problems and situations. Decision-making pervades all managerial actions. It is a continuous process. Decision-making is an indispensable component of the management process itself.
Drucker recommended the scientific method of decision-making which, according to him, involves the following six steps:
Defining / Identifying the managerial problem,
Analyzing the problem,
Developing alternative solutions,
Selecting the best solution out of the available alternatives,
Converting the decision into action, and
Ensuring feedback for follow-up.
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the decision making process in driving is known as
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What is the shortest step in the decision making process?
Decision
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The purpose of the decision making process is to ensure that you have considered all possible options and are satisfied with the choices you are making.
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Decision making is the process by which a decision is made. Communicating, when it comes to decision making, is the way the information about that decision is distributed to ensure everyone is aware.
Correct sequence for decision making process?
what is the correct sequence in the policy making process
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The founding fathers create the congressional decision making process to be... slow and deliberative.
What are the six stages of investment decision making process?
with the aid of appropriate diagrams, explain the six stages of investment decision making process
What is the fifth and the last step in the decision-making process?
Evaluate the decision.
What is the process of making decision?
Recognize a need
