What is Decision Making? Meaning Definition Articles

What is Decision Making? Meaning

The English word 'Decision' originated from the Latin word 'decisio' which means "to cut from."

'To decide' means "to come to a conclusion" or "to pass a resolution."

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Decision making means to select a course of action from two or more alternatives. It is done to achieve a specific objective or to solve a specific problem.

Definition of Decision Making

According to James Stoner,

"Decision making is the process of identifying and selecting a course of action to solve a specific problem."

According to Trewartha and Newport,

"Decision making involves the selection of a course of action from among two or more possible alternatives in order to arrive at a solution for a given problem."

Articles on Decision Making

Articles on decision making in management :-

1. Decision making process in management.
2. Importance of decision making.
3. Limitations of decision making.
4. Steps in decision making process.
5. Non-Programmed decisions in management.
6. Modern techniques for making programmed decisions.

Components of Decision Making

Decision making in management has three components, viz.,

1. Alternatives : There are two or more alternatives. Decision making means to select the best alternative.
2. Choice : Decision making involves a choice. It means to choose the best solution for solving the problem.
3. Objectives or Problem : Decision making is objective oriented. It is done to achieve an objective or to solve a problem.