Decision making is the process of recognizing a problem or opportunity, evaluating alternative solutions, selecting and implementing an alternative, and assessing the results.
Decision Making is the processes through which individuals or groups combine and integrate available information in order to choose one out of several possible courses of action.
Category: Contemporary Business
Share it: Cite
Previous: ← Database
More from this Section
Economics is the social science that analyzes the choices people and governments make ...
- Prestige pricing
Prestige pricing is establishes a relatively high price to develop and maintain an image ...
- Executive Summary
Executive Summary is a short and quick overview of the entire business plan that provides ...
- Administrative law
Administrative law is a regulation affecting business, passed by state and federal administrative ...
- Work team
Work team is the relatively permanent group of employees with complementary skills who ...