Question

What factors are to be kept in mind, while taking a decision?

Answer 1

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

The factors kept in mind while decision making are:-

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

2. Organisational environment.

3. Timing of decisions highly influences the decision.

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

5. Communication of such decisions to the employees.