Decision Making Skills
Decision Making for managers is the identification of alternative solutions to problems, challenges, and opportunities; the analysis of those alternatives; and the selection of the alternative most likely to achieve the desired outcome with the best effect on the organization.
Decision-making in business is important because there are consequences to making the wrong decision. When managers are making decisions on behalf of the company, it is important that they weigh their options because poor choices can result in legal, financial or brand issues.
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