Decision Matters…Organizations that handle decisions well achieve superior financial results. They also engage and motivate their employees—they become a "great place to work." Great organizations make great decisions quickly and execute them effectively. They don't spend too much (or too little) effort in the process. The result: consistently high performance, year in and year out, and motivated employees who feel liberated from decision paralysis.
A Decision is the selection of a course of action. It is the choice from among a set of alternatives to produce a desired set of results.
Managerial decision making involves an entire process of establishing goals, designing tasks, searching for alternatives and developing plans in order to come up with the best solution that favors business outcome. We make hundreds of decisions every day. These decisions can be as routines as when to get out of bed, what to eat for lunch, when to exercise or decisions can be as significant as what career to pursue. Making good decisions takes time, practice and conscious thought. Making decisions can be complex because of the large amount of factors that influence the decision making process.
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