Importance of decision making

In management importance of decision making results from:

  • necessity to choose best possible action from several alternatives
  • optimal selection of resources needed to perform critical operations, achieve goals and produce results
  • importance of proper motivation of employees in achieving strategic and tactical goals
  • decision making is the final act of leadership
  • planning and coordination functions of management
  • analysing information from inside and outside
  • need to innovate and grow

References

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