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What is the Definition of Decision MakingThe definition of decision making is the thought process of selecting a logical choice from among the available options. A decision involves a choice that will produce the best possible outcome against the goal or objectives being sought by the organisation or individual. So it is good to have first worked out what your goals and objectives are first before decision making. For effective decision making, a person must be able to forecast the outcome of each option as well, and based on all these items, determine which option is the best for that particular situation. It is one of the most important things or skills for a manager. Good decisions can make phenomenal difference to the success of your organisation. In the company in which I used to work, decision-making was ranked as three times more than any other factor in job assessment. (The other most important factors were relationships and responsibility.) The eminent management consultant Peter Drucker states in his book The Effective Executive that the first rule of decision-making is that you do not make a decision unless there has been disagreement: encourage your staff to debate ideas and alternatives. Back To 'Types of Decision Making Supporting Business Intelligence' page |