Making judgments in a state of uncertainty occurs when decision makers are unaware of all the risks connected to each alternative or the expected effects of each one.
What is Decision making?
- Modern management is not complete without decision-making. Making rational or sound decisions is viewed as the main responsibility of management. Every manager makes countless decisions, either consciously or unconsciously, and these choices are crucial to the job of a manager.
- Decisions are crucial because they influence managerial and organisational actions.
- A choice of action made with intention to accomplish organisational or managerial objectives or goals can be referred to as a decision.
- Making decisions is a constant and essential part of managing any organisation or business operations. Decisions are made to maintain organisational operations and all company activity.
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