KALYAN CITY LIFE

Sharing Wisdom and Vivid Memories of Life

About

Kalyan City is a fast emerging residential township in the Thane district of Maharashtra state, India. It is a central suburban town and resides 54 kms north-east of Mumbai. This blog regularly shares quality academic materials. Here we also document our unique experiences and vivid memories of life. Read our lucid informative articles to excel your understanding, knowledge and success.

Team

Articles published on Kalyan City Life blog are inspired from our work experience, field research, study of various good books and papers, seminars and consultations from subject scholars. Our unique collection of useful study notes is an outcome of a team effort and hard work of Gaurav Akrani, Prof. Mudit Katyani and Manoj Patil.

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What is Decision Making? Meaning Definition Articles



square What is Decision Making? Meaning


The English word 'Decision' originated from the Latin word 'decisio' which means "to cut from."


'To decide' means "to come to a conclusion" or "to pass a resolution."


decision making meaning definition articles

Image Credits © Vasi.


Decision making means to select a course of action from two or more alternatives. It is done to achieve a specific objective or to solve a specific problem.


square Definition of Decision Making


According to James Stoner,

"Decision making is the process of identifying and selecting a course of action to solve a specific problem."

According to Trewartha and Newport,

"Decision making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem."

square Articles on Decision Making


Articles on decision making in management :-

  1. Decision making process in management.
  2. Importance of decision making.
  3. Limitations of decision making.
  4. Steps in decision making process.
  5. Non-Programmed decisions in management.
  6. Modern techniques for making programmed decisions.

square Components of Decision Making


Decision making in management has three components, viz.,

  1. Alternatives : There are two or more alternatives. Decision making means to select the best alternative.
  2. Choice : Decision making involves a choice. It means to choose the best solution for solving the problem.
  3. Objectives or Problem : Decision making is objective oriented. It is done to achieve an objective or to solve a problem.




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