Decision Making is one of the important function, Justify. Give process & importance of Decision Making.
From India, Mumbai
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From India, Mumbai
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The Role of Decision Making in Administration
Decision-making plays a key role in any administration. Timely decision-making is of utmost importance. To make a decision, one should have the necessary authority. Momentary decisions also play a vital role. All of these factors depend on hierarchy, management policy, responsibility, authority, etc.
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D. Gurumurthy
HR/IR Consultant
From India, Hyderabad
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109Decision-making plays a key role in any administration. Timely decision-making is of utmost importance. To make a decision, one should have the necessary authority. Momentary decisions also play a vital role. All of these factors depend on hierarchy, management policy, responsibility, authority, etc.
Regards,
D. Gurumurthy
HR/IR Consultant
From India, Hyderabad
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I thought so, but did not want to assume, as you know, wrong assumptions lead to "ASS U ME," like my tutor warned us. Rather than seeking answers on a plate, I suggest that as students, we should post what we think our response would be and then request bloggers to help improve it.
From United Kingdom
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From United Kingdom
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I have tried to satisfy your answer regarding the importance of decision-making.
Better Utilization of Resources
Decision-making helps to utilize the available resources for achieving the objectives of the organization. The available resources are the 6 Ms: Men, Money, Materials, Machines, Methods, and Markets. The manager has to make correct decisions for all the 6 Ms, resulting in better utilization of these resources.
Facing Problems and Challenges
Decision-making assists the organization in facing and tackling new problems and challenges. Quick and correct decisions aid in problem-solving and accepting new challenges.
Business Growth
Quick and correct decision-making leads to better resource utilization, enabling the organization to confront new problems and challenges, and achieve its objectives. This culminates in rapid business growth. However, wrong, slow, or no decisions can lead to losses and industrial sickness.
Achieving Objectives
Rational decisions support the organization in quickly achieving all its objectives, as they are made after analyzing and evaluating all the alternatives.
Increases Efficiency
Rational decisions contribute to increased efficiency, defined as the relationship between returns and costs. Higher returns at lower costs indicate efficiency, which is achieved through rational decision-making.
Facilitates Innovation
Rational decisions facilitate innovation by fostering the development of new ideas, products, processes, etc., providing the organization with a competitive edge.
Motivates Employees
Rational decisions motivate employees to implement them, as they lead to high profits for the organization. This motivation can result in financial and non-financial benefits for the employees.
Furthermore, if you have any queries, you can refer to my assignment. See you in class.
Regards,
Priya
From India, Mumbai
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Better Utilization of Resources
Decision-making helps to utilize the available resources for achieving the objectives of the organization. The available resources are the 6 Ms: Men, Money, Materials, Machines, Methods, and Markets. The manager has to make correct decisions for all the 6 Ms, resulting in better utilization of these resources.
Facing Problems and Challenges
Decision-making assists the organization in facing and tackling new problems and challenges. Quick and correct decisions aid in problem-solving and accepting new challenges.
Business Growth
Quick and correct decision-making leads to better resource utilization, enabling the organization to confront new problems and challenges, and achieve its objectives. This culminates in rapid business growth. However, wrong, slow, or no decisions can lead to losses and industrial sickness.
Achieving Objectives
Rational decisions support the organization in quickly achieving all its objectives, as they are made after analyzing and evaluating all the alternatives.
Increases Efficiency
Rational decisions contribute to increased efficiency, defined as the relationship between returns and costs. Higher returns at lower costs indicate efficiency, which is achieved through rational decision-making.
Facilitates Innovation
Rational decisions facilitate innovation by fostering the development of new ideas, products, processes, etc., providing the organization with a competitive edge.
Motivates Employees
Rational decisions motivate employees to implement them, as they lead to high profits for the organization. This motivation can result in financial and non-financial benefits for the employees.
Furthermore, if you have any queries, you can refer to my assignment. See you in class.
Regards,
Priya
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EFFICIENT DECISION MAKING technic.pdf
Decision-Making .zip
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