Management Decision Making (Essay Sample)

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Management Decision Making
Managerial decision making is a crucial tool for modern management. It is regarded as the prime function of management in any organization. An organizational manager’s rational decisions are essential in ensuring that the organizational actions are in line with the mission and goals of the operation. Therefore, it is an endless process in management. In addition, decision making is characterized by making best choices from two or more alternatives. A manager has to weigh different ideas and make the best decision among the alternatives. Decision making in management has myriad benefits for an organization.
Firstly, effective managerial decision making in an organization propels proper resource utilization. Strategic decisions made by the top-level management ensure that there is proper functioning of an organization (Akrani). Improper decision making means that an organization will run inefficiently and any available resources will be inadequately utilized.
Secondly, the entire management course is facilitated by proper decision making. It forms the basis for planning in an organization. In turn, planning contributes to a concrete shape that then facilitates the managers to make broader decisions. For this reason, adherence to organizational objectives is guaranteed (Akrani). In addition, other vital functions of management, such as coordination, staffing, organizing, and communication are assured thus contributing to the success of an organization.
Thirdly, it ensures that managers are responsible for their work. Management ensures that managers have to make at times quick and precise decisions. Therefore, it means that they have to make correct