Audio available in app
Decision making is a key responsibility of managers at all levels from "summary" of Fundamentals of Management (For B.Com, BBA, BBM and BMS) by J.P. Pathak
Managers at all levels in an organization have a crucial role to play when it comes to making decisions. This responsibility is not limited to top-level executives but extends to supervisors and team leaders as well. As managers, they are expected to analyze situations, evaluate alternatives, and choose the best course of action to achieve organizational goals. Effective decision making is a skill that is highly valued in the business world. It involves gathering relevant information, considering various options, and assessing the potential risks and benefits of each alternative. Managers must also take into account the impact of their decisions on different stakeholders, including employees, customers, and shareholders. The decisions made by managers can have far-reaching consequences for the organization. They can influence the company's performance, profitability, and competitiveness in the ...Similar Posts
Job titles are meaningless
In the business world, job titles are often used as a way to define a person's role within an organization. However, the realit...
Accountability is essential for team success
Team success hinges on the ability of team members to hold each other accountable. Without accountability, there is no way to e...
Estimule o desenvolvimento pessoal e profissional dos colaboradores
Encorajar o crescimento pessoal e profissional dos colaboradores é essencial para a gestão assertiva de pessoas. Isso envolve f...
Evaluate evidence
In our quest to think critically, one of the key skills we must develop is the ability to evaluate evidence. This means scrutin...
Share credit for successes with your team
When you are working with a team, it is important to remember that success is not achieved alone. It takes the effort and contr...
The world is on the brink of nuclear devastation
As the shadows of the Cold War loomed large, a chilling reality began to take shape - the world stood on the razor's edge of nu...
Enhance decisionmaking process
The process of enhancing decision-making involves utilizing critical thinking skills to make informed and effective choices. By...
Public sector plays crucial role in maintaining stability
The stability of a modern industrial society depends to a substantial extent on the actions of the public sector. This is becau...
Use data to inform product decisions
As a product manager, it is crucial to rely on data when making decisions about the product. Data provides valuable insights in...
Human resource management is a key function within an organization
Human resource management plays a crucial role within an organization. It is responsible for managing the most valuable asset o...