What is decision making process? Why is it important in management? Explain with an example.

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A decision-making process is a series of steps taken by an individual to determine the best option or course of action to meet their needs. In a business context, it is a set of steps taken by managers in an enterprise to determine the planned path for business initiatives and to set specific actions in motion. Ideally, business decisions are based on an analysis of objective facts, aided by the use of business intelligence (BI) and analytics tools.

In any business situation there are multiple directions in which to take a strategy or an initiative. The variety of alternatives to weigh -- and the volume of decisions that must be made on an ongoing basis, especially in large organizations -- makes the _____________ _________ ____ ____ _____________ _________ ____ ________ __.
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Degree : PG DIPLOMA PROGRAMMES
Course Name : Post Graduate Diploma in Hospital and Health Management
Course Code : PGDHHM
Subject Name : Introduction to Management
Subject Code : MHH 101
Year : 2022