Question
What is decision making process? Why is it important in management? Explain with an example.
Answer :
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# Decision-Making Process and Its Importance in Management Decision making is one of the most important functions of management. It refers to the systematic process of identifying a problem or opportunity, considering different alternatives, selecting the most suitable course of action, and implementing it to achieve organisational objectives. Managers make decisions at every level of an organisation, ranging from routine operational matters to major strategic decisions. The quality of managerial decisions directly influences the efficiency, productivity, and success of an organisation. The decision-making process generally involves several steps. The first step is identifying the problem or objective. A manager must clearly understand what needs to be solved or achieved. An incorrectly identified problem can lead to an ineffective decision. The second step is
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