Title: 12 Importance of Decision Making in Business Management - Googlesir
Headings: 12 Importance of Decision Making in Business Management
12 Importance of Decision Making in Business Management
Page Contents
Importance of Decision Making in Management
1. Selection and Continuous Operation of Business
2. Helpful in Determination of Objectives and Achieving Them
3. Maximum and Best Use of Available Resources
4. Execution of Managerial Functions
5. The Success of Overall Institution
6. Technical Changes and Complications
7. Solving the Problems
8. Measurement of Managers Success
9. Less Risk
10. Emphasis on Professionalising the Management
11. Determination of Business Policies
12. To Offset Changes and Uncertainty

Content: Less Risk
10. Emphasis on Professionalising the Management
11. Determination of Business Policies
12. To Offset Changes and Uncertainty
Importance of Decision Making in Management
Briefly, the importance of decision making may be understood, by the following points: 1. Selection and Continuous Operation of Business
Various important decisions are required to be taken before starting any business. There are so many businesses in the world, out of them, which business should be undertaken and why, from where to arrange finances and in what volume and where from the seek technical advice? All these are important questions, which need sound decisions. The decisions are required, when alternatives and resources for any work undertaken in scarcity. That alternative is the best from which most profitable outcomes may be derived, by using the least resources.