Decision making involves selecting the best course of action from multiple alternatives to achieve organizational goals. It is defined as choosing a preferred option to solve a problem or meet an objective. Decision making is important for implementing managerial functions like planning, organizing and controlling. It also helps in developing plans and policies, and selecting the optimal alternatives. Making decisions leads to better utilization of resources and helps businesses grow by facing challenges.

1. DECISION
MAKING
B ASHOK KUMAR
170541205

2. Definition
 Decision making is defines as the
selection of a preferred course of
action from two or more alternatives.
-Stephen P Robbins
 A decision can be defined as a course of action
purposely chosen from a set of alternatives to achieve
organizational or managerial objective or goals
“whatever a manager does, he does though
decision making”
- Peter F
Drucker

3. Meaning
Decision making is a process of
selecting the best among the different
alternatives. It is done to achieve a
specific objective or to solve a specific
problem.
It is the act of making a
choice.

4. Importance of decision
making
Better Utilisation of Resources
Facing Problems and
Challanges
Business Growth
Achieving Objectives
Increases Efficiency

5. Importance of decision
making
 1. Implementation of managerial
function: Without decision
making different managerial function such as
planning, organizing, directing, controlling,
staffing can’t be conducted. In other words,
when an employee does, s/he does the work
through decision making function.

6. 2 .Helpful in planning and policies
:Without decision making, no plans and
policies are performed.

7. 3.Selecting the best alternatives:
Decision making is the process of selecting
the best alternatives. It is necessary in every
organization because there are many
alternatives. So decision makers evaluate
various advantages and disadvantages of
every alternative and select the best
alternative

8. Better Utilisation of resources:
Man power
resource
Financial resource
s
physical resource
s

9. Business growth