Why do you think decision making is considered a fundamental part of management effectiveness?

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The effectiveness of a organization is dependent on the decisions which it makes. In a corporation, the people responsible for the decisions are typically managers. Decision taking is a crucial aspect of productivity in management, as a company's success depends on the decisions taken. Good decisions lead to a company's growth while poor decisions lead to less profitable circumstances. That's why decision-making is such an important part of success in management. Richard L. Daft notes that "decision-making is the method of finding and then addressing challenges and opportunities". Decision making requires actions both before and after the actual choice.

Decision making is a process of identifying the opportunities and problems and then resolving them by opting for the best option among different alternatives. Decision making is considered as a fundamental part of management effectiveness. This is because the management is responsible for the achievement of organizational goals and objectives. If a manager takes a decision that has a positive outcome, then it leads to the fulfillment of organizational objectives. On the other hand, if a wrong decision is taken by the management, it can completely ruin the company’s reputation and hinder its growth.

Decision making involves effort bothbefore and after the actual choice.

1 This concept seems to be very closely related to the concept of management provided by the Merriam-Webster dictionary as follows: conducting or overseeing anything (as a business).

2 Conducting and overseeing is very much about finding and solving problems and opportunities. It is extremely important for managers to recognize not just the value of decision-making, but also how important good decision-making is to have successful management. Good decisions lead to growth in a business, as mentioned earlier, while bad decisions lead to less profitability.

Therefore, decision making is essential as decisions determine how the company will allocate resources, solve problems and accomplish its goals.

keosha answered 6 months ago

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