In an organization, decision making is a practical part of managing a firm. Decisions vary in range, and it’s made in all areas like marketing, economy, production etc. Some steps involved in a managerial decision making are: Firstly, identifying the purpose of making a decision. This includes understanding what is the problem, why the problem needs to be solved, the affected parties and the deadline to make decision. Next is information gathering and identification of judging the alternatives. Brainstorming and examine the different choices. Out of a number of choices, select the best choice. Execute the decision and evaluate the results. The decision can be a plan with a sequence of activities. The outcome of the decision should be analyzed and anything to learn and corrections to be made can be sort out. This can help future decisions and skills. Let's analyze the topic from the PowerPoint presentation.

Saket Kumar

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