Question

What are the important elements of decision making?

Answer 1

Decision making is a stage of management which is regarded as the cognitive process of selecting a course of action among several alternative possibilities.

The elements of decision making are:-

1. Planning Premises which refers to the forecasting of future course of action that helps in decision making.

2. Organisational environment

3. Psychological elements which includes experience, educational standard, social and religious designation etc.

4. Timing of decisions highly influence the decision.

5.Participation of employees in the decision making makes its implementation easy.