Dr.K.Praveen Raja
Associate Professor, Visakha Institute Of Management Science
Abstract
Decisions are a way of life. It’s how we get things alone and move forward. Sometimes work projects require group decisions but the vast majority of our everyday work life and personal life decisions are made independently. Decision making may be make his or her decisions in referring to metaphysical power or experience or mysticism or arbitrary but our aim in this article is on overall glance to process of decision making. This paper provides a managerial overview of the topic of decision making under the broad area of executive functions. Measuring decision making is difficult since it is virtually impossible to define the beginning and end of the process. The evidence for this comes from an extensive study of how top managers and administrators in the public and private sectors move towards a conclusion. How managers are acting in different socio economical fields. Managers are usually making plenty of decisions some of them being operational and other strategic. Making decisions is a matter of a huge responsibility not only against the organization itself, but against their employees and other. For management is considering a great force in increasing effectiveness of organizations. We investigate the importance of decision making in various fields in Business and also the important decision making steps in this article. We go through several important problems and decisions when times are tight. What types of decisions are useful in practice and how companies usually respond with employees? Hopefully these tips will serve you well no matter the types of decisions to be made.
Keywords:
Journal Name :
EPRA International Journal of Economics, Business and Management Studies (EBMS)

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Published on : 2021-06-23

Vol : 8
Issue : 6
Month : June
Year : 2021
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