Decision Making Approaches (Essay Sample)

DECISION MAKING APPROACHES
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Decision-making is the process of gathering information and doing assessments to alternative resolutions to make a choice. Typically, the operation of an organization is majorly based on the management staff making the right decisions. The process of decision-making is sometimes concise and instantaneous, but at times people can take weeks or even months to make decisions (Lu et al., 2019). Notably, the effectiveness and quality of the decisions an organization's manager makes are dependent on the decision-making approach used. This paper aims to identify and discuss the key features of the five basic decision-making approaches that offer insight into how managers arrive at their decisions. Also, the approach that best explains the managers' decisions will be justified by the discussion below.
The Five Approaches in Decision Making and their Key Features