5.2.0 Decision making process and methods

This chapter defines the notion of “decision” ^* , “decision making” ^* , “managerial decision” ^* , reveals the place of decision making in the management process. It considers the requirements that must be met by management decisions in order to be effective and ensure the achievement of the goals of the organization. The factors that determine the quality of management decisions are listed.

The classification of management decisions and the characteristics of their types.

The content of the problem resolution stages and the stages of decision making and implementation are considered.

Characterized by decision-making methods, as well as the principles of group choice, underlying the collective decision making.

The presentation is illustrated by examples.