To complete a task or perform a working one has to choose the path that is to be followed for the successful completion of the work. In a given situation, there will be many alternatives to address a problem. The decision making is nothing but the selection of the best course of action among the available options. The individual should think of various alternatives available and consider the negatives and positives of each alternative. Once all the options are evaluated take out the best alternative as per the understanding. Before finalising an option one should think of the outcome also.
The decision making is very important in the business and work environments. The senior persons and the managers of the business may have to take many decisions in their day to day management. The manager should be able to take a decision and go ahead with the work. Many times some people may not take any decision with a fear of going wrong and look at the top for a support from the boss. This is suicidal. Taking a decision whether it may be good or bad is very important. One has to think logically and take a decision with the available knowledge. One should think as per his ability. One should not step into other's shoes and think for taking a decision. Sometimes not taking a decision may be a decision.
Decision making is a process and it involves certain steps. If the steps are followed in the making of the decision the chances of going wrong maybe less.
Various steps involved
The steps in decision making may be as discussed below.
Reasons for wrong decisions
Even after following logically and taking a decision also there may be a failure. In such case, one should have an alternative plan ready for implementation.
There may be some reasons which may cause a failure of the decision taken. They may be as follows.
Decision making is a very important part of the job of many executives and managers. Their growth will more depend on the decision making ability. To err is human. Sometimes our decisions may go wrong. But one should always go ahead with logical thinking and take decisions.
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Decision making is the crucial activity in any organization or company. Good decisions are the root of future success stories.
One thing which is also important in the context of decision making is that today we are in a competitive world and technology is changing fast. New methods are replacing the old ones and many businesses are closing giving way to new innovations. Under such an environment we must inculcate quick decision making by enhancing our knowledge base and adopting new technologies. This is important if we want to survive in the present day business environment.
Decision-making ability is a great asset to a person through which an organization or company in which he serves benefits a lot. Often in companies, the head office and the factory or the processing place would be at different places. There cannot be definite cooperation between the head office and factory and thus those who are sitting in the head office must have all knowledge about the factory and the factory heads should also know the powers and limitations of the managers present at the head office. In the broader interest of the company and its welfare, there must be cooperation and coordination between the factory and office so that a customer is not put into trouble and in such situations delegation of decision-making process should be assigned to the factory managers.