What is the meaning of decision making?

Question

What is the meaning of decision making?

Answer 1

Its having the ability to make decisions based on the situation at hand and your own personal experience.  It's a good trait in leadership.

Answer 2

Decision making is a prime process of management executive.It is like sharpening the Axe before going for tree cutting.If decision is effective and efficient you can accomplish your objective with lesser cost,pressure and time.Here we deduct a problem, analyze it,process for core action,after planning implementation take place.Decision making consist of choosing the problem or things to be changed,compare with other solutions,see all factors to choose the solutions(Grid analysis),valuation of options(Decision Tree),Seeing pros and cons(Plus minus and interesting PMI),for and against pressure,Analyzing through different perspective(Six hats),Cost benefit analysis.

Answer 3

decision making is the act of coming to a conclusive point in order to solve a problem, choose a best route, or just about any type of choice.

Answer 4

It is the third step of the 7-ways to 'Management'. It meant "process of deciding or settling something " in dictionaries, which expresses that in special instants, a good manager should be able to decide either to accept or to decline; either to do or not to do; either to approve or to reject; etc. It's important not to make it inconclusive.

Answer 5

It is a management skill where you have the ability to make decisions fast and accurately based on problem solving and solution making.