Various types of decisions that a manager should take
Types of decision Decision is selecting the best alternative between at least two accessible other options. Decision making is the process of understanding various available options, ways to solve a particular issue and choosing the most suitable alternative among the other options . A manager holds the power, responsibility to make decisions, to convey them to the subordinates. A decision of a manager requires high implementation cost, it can influence the whole organization, can have a long-term impact on the organization, or a decision of a manager can be influencing only a few individuals of the organization, require small amount of money to implement, can have a short-term impact on the association . A management decision can be classified into 2 types such as: 1. programmed decision 2. non- programmed decision 1. programmed decision Programmed decisions are made for cyclical natured problems which are structured. These decisions are made by...