Importance of Decision Making

Importance of Decision Making

1.   Decision Making Makes it possible to adopt the best course of action in carrying out a given task.

2.   By choosing the best method for doing any work, decision making ensures optimum use of the enterprise resources, namely, men, machines, materials and money.

3.   Decision making helps to find a solution to any problem in a work place.

4.   Decision making helps to identify the best course of action in each given situation and thereby promotes efficiency.

5.   Decision making an important aspect of planning

6.   Correct Decision Making leads to more profitable business

7.   Decision making helps in the prevention of wastage of time, resources, man power and money invested in business.