Question

Explain why decision making is a distinct management function and why it is linked to all other management functions. Identify the three managerial decision classifications and give examples of each.

Answer 1

A set of decision-making options to choose from a course of action is a psychological process.The psychological process designated from a set of decision-making options. Each decision can be an action, a recommendation, or an opinion that may result in a decision process. Since there are some things to do or are neutral, the choices that are usually made are to be decided, to choose the course.Decision involves a truly fascinating science, organizational behavior, psychology, sociology, neurology, technique, management, philosophy, and logic. While creating a strong organizational focus, rational, knowledgeable and collaborative that can reduce the cost of opportunity opportunities to make effective decisions.

The three managerial decision classifications are as follows:

1. Programmed and non-programmed decisions: Program decisions are generally repetitive and are taken as regular work and responsibilities. Such decisions are made by the management of middle-level according to some policies, rules and procedures.

2. Major and minor decisions: Some decisions in different decisions are far more important and priority than others. They are called major decisions. For example, human transplantation by machine, diversification of products etc. In contrast, the remaining decisions are far less important than others and are not given priority.

3.Regular and strategic decisions: Regular decisions are those decisions that are considered as strategic decisions. They are often taken to achieve high efficiency in organizational activities. For example, strategic decisions such as parking facilities, lighting and kantin etc. are related to decreasing the price of products, changes in products, etc.