Decision Making Process
To determine the best option or course of action to meet one’s needs, an individual goes through a series of steps in the decision-making process. The process of determining a business initiative’s planned path, setting specific actions into motion, and analyzing the results of those actions is the goal of business planning. Choosing from available choices the most feasible course of action is a rational process known as decision-making. Management must be responsible for making an effective decision and implementing it in a way that will ensure the organization’s prosperity. What the manager decides to do today will determine how the organization will evolve in the future.