1. Decision-making
• Decision-making can be regarded as the process
resulting in the selection of a belief or a course of
action among several alternative possibilities.
Every decision-making process produces a final
choice that may or may not prompt action.
Decision-making is the study of identifying and
choosing alternatives based on the values and
preferences of the decision maker. Decision-
making is one of the central activities of
management and is a huge part of any process of
implementation.
3. Example
A farmer with his wolf, goat, and cabbage come
to the edge of a river they wish to cross. There is
a boat at the river’s edge, but of course, only the
farmer can row. The boat can only handle one
animal/item in addition to the farmer. If the
wolf is ever left alone with the goat, the wolf
will eat the goat. If the goat is left alone with the
cabbage, the goat will eat the cabbage. What
should the farmer do to get across the river with
all his possessions?
7. The Importance of Culture in
Organizations
• Every organization has its own culture. Since
many employees spend 40 or more hours at
their workplace, their organization’s culture
obviously affects both their work lives as well
as their personal lives. Organizational culture
refers to the beliefs, ideologies, principles and
values that the individuals of an organization
share. This culture is a determining factor in
the success of the organization.
