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Importance of management science for decision making essay


importance of management science for decision making essay

Thus, management is always a decision-making process. A manager has to introduce rationality in his decision-making by using his skills, experience, knowledge and mental abilities. A decision-maker is expected to keep these elements away while taking management decisions. Thereby, it is a continuous and dynamic activity that pervades all other activities pertaining to the organization. A manager has to make adjustments or compromises while making decisions. In fact, they are paid for their skill, maturity and capacity of decision-making. Developing Alternative Solutions: After the problem has been defined, diagnosed on the basis of relevant information, the manager has to determine available alternative courses of action that could be used to solve the problem at hand. A decision cannot be fully independent: Managerial decisions are interlinked and interdependent. Acceptance of the decision by group members is always desirable and useful for its effective implementation. Definition of Decision Making, according to the Oxford Advanced Learners Dictionary the term decision making means - the process of deciding about something important, especially in a group of people or in an organization.

Management Study Guide Content Team. This suggests that decision-making is the core of planning function. Such change leads to new problems and new decisions are needed. Out english language proofreading services of such alternatives, the most suitable is to be selected for actual use. It is a part of every managerial function. Pervasive process: Decision-making process is all pervasive. For such decisions, rational/scientific/balanced approach is essential while making decisions. All decisions (business, economic, social etc.) should be fair and rational.


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