Sign Up

Have an account?

Sign In

Don't have account,

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account?

Sorry, you do not have a permission to ask a question, You must login to ask question.

Need An Account,
Search
Ask A Question

Join Commerce Notes today!

Ask questions, share your knowledge and connect with the Commerce Community!

In:

What are the six characteristics of an effective decision making process?

What are the six characteristics of an effective decision making process?

    1 Answer

    1. Neha Rawat

      Neha Rawat

      View Profile

      Decision-making is a process of selection from a set of alternative courses of action which is thought to fulfil the objectives of the decision problem more satisfactorily than others. It is “a course of action which is consciously chosen for achieving the desired result.” A decision is something that takes place prior to the actual performance of a course of action that has been chosen.

      Characteristics of Decision Making

      • It is a process of choosing a course of action from among the alternative courses of action.
      • It is a human process involving to a great extent the application of intellectual abilities.
      • It is the end process preceded by deliberation and reasoning.
      • It is always related to the environment. A manager may take one decision in a particular set of circumstances and another in a different set of circumstances.
      • It involves a time dimension and a time lag. It always has a purpose. Keeping this in view, there may just be a decision not to decide.
      • It involves all actions like defining the problem and probing and analysing the various alternatives which take place before a final choice is made.
      • 0

    Sorry, you do not have a permission to answer to this question.