management3 - Q3). Decision making is the most critical...

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Q3). “Decision making is the most critical management task”. Discuss the above statement in light of decision-making steps. Ans : It is a very realistic statement that decision-making is the most critical decision of management activities. Management is a decision-making process. Its special function is to choose between alternative means of moving toward an objective. None of the many changes brought about by technology appears likely to diminish opportunities open to men who are gifted with skill in making decisions and trained in administration. Doing business in an economy like ours demands foresight and judgment besides knowledge, resourcefulness and courage. Only the person who applies all these qualities in making decisions advances his company's business. The management principle is readily stated: the business manager is paid to find and define the problem, analyze it, develop alternate solutions, decide upon the best solution, and convert his decision into effective action. The world is full of people who shun this sort of responsibility. Only a few seek it, and they
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management3 - Q3). Decision making is the most critical...

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