DECISION MAKING PAPER

Decision making paper



Decision Making

Introduction

Decision making is the process of recognizing and selecting the best option among different available alternatives on the basis of the values and judgment of the decision maker. The selected option should have the highest probability of success and should appropriately fits with the goals, objectives and mission of the decision maker. Effective decision making examines the uncertainty and risks about alternatives and allows choosing the best available option. Collection of information is the most important part in decision-making as it is the basis of reducing risk and making the final decision.

Discussion

The ability to ...