Question what do you mean by decision making?
Explain its importance.
Answer:
Meaning
of decision making
Decision making is a
process of selecting the best among the different alternatives. It is the act
of making a choice. There are so many alternatives found in the organization
and departments. Decision making is defined as the selection of choice of one
best alternative. Before making decisions all alternatives should be evaluated
from which advantages and disadvantages are known. It helps to make the best
decisions. It is also one of the important functions of management. Without
other management functions such as planning, Organizing, directing,
controlling, staffing can’t be conducted because in this managerial function
decision is very important. According to Stephen P. Robbins, “decision making
is defines as the selection of a preferred course of action from two or more
alternatives.”
Importance
of decision making
1. Implementation of
managerial function: Without decision making different managerial function such
as planning, organizing, directing, controlling, staffing can’t be conducted.
In other words, when an employee does, s/he does the work through decision
making function. 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
pervasive.
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
evaluate 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 decisions must be made from so many
alternatives. Therefore decision making is an important process which is
helpful in planning.
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 alternative.
6.
Successful; operation of business: Every individual, departments and
organization make 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.
conclusion: every manager has to taken number of decision in daily business. so decision making is the essential part of every organisation.
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