The process of decision making and its importance are well explained in the given slides.

1. Group B
DECISION MAKING

2. 1. Meaning
2. Types
3. Process
4. Nature
5. Importance
CONTENTS

3. It is the process of identifying and selecting a course of
action to solve a specific problem.
According to Stephen P Robbins “Decision making is
defined as the selection of a preferred course of action
from two or more alternatives.”
MEANING

4. There are three types of decisions in management. They
are as follows:
1. Routine decision
2. Non-routine decision
3. Technically-guided decisions
TYPES

5. 1. Problem identifying
2. Collect information in sequence
3. Extract relevant information
4. Evaluate given problem
5. Finding alternatives
6. Make decision
PROCESS

6. 1. Selection or choice
2. Find out best possible action
3. Pervasive function
NATURE

7. 1. Better utilization of resources
2. Facing problems and challenges
3. Business growth
4. Achieving objectives
5. Increase efficiency
6. Motivate employees
IMPORTANCE

8. THANK YOU !!!!