What is decision making process? Why is it important in management? Ex

Question

What is decision making process? Why is it important in management? Explain with an example.

31 Aug 2022

Answer :

Word Count : 455

A decision-making process is a series of steps taken by an individual to determine the best option or course of action to meet their needs. In a business context, it is a set of steps taken by managers in an enterprise to determine the planned path for business initiatives and to set specific actions in motion. Ideally, business decisions are based on an analysis of objective facts, aided by the use of business intelligence (BI) _______ __________ ______ _______ ________ __________ ____ _____ ___ _______ _____ _____.
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