Explain the different types of decision-making in management and discuss the factors that   influence decision-making in organizations

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Explain the different types of decision-making in management and discuss the factors that

 

influence decision-making in organizations

Expert Solution
Step 1: Define the term decision-making :

 Decision- making is the process of  opting  a course of action or choosing from among  colorful alternatives to achieve a specific  thing or  break a problem. It involves  assessing available options, considering the implicit consequences of each option, and making a choice grounded on applicable information, preferences, and constraints. Decision-  timber is a abecedarian cognitive and  directorial process that occurs in  colorful aspects of life, from  particular choices to business strategies, and it plays a critical  part in shaping the  issues of these  opinions.  

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