Decision Making Theory in Business. Good decision making is important for effective management. The decision-making process is, however, both difficult and important. In separate videos that we offer as part of our classes, we distinguish between active and passive decisions. For example, an active decision usually involves another acting agent, for example, a competitor. The second line air type of decision is passive come here sometimes businesses must make decisions as to whether to purchase a resource, for example, the resource does not actively participate in the decision. It is either bought or not built.
So, decision making in business requires a good decision-maker, and that is certainly important too good management. As I said earlier, we offer several videos on decision making and you should seek these out.
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