Which one of the following is closest to the nature of decision making?

This question was previously asked in
UGC NET Paper 2: Management 4th Dec 2019 Shift 2
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  1. Decision on a particular course of action
  2. Too self evident requiring an answer
  3. Deciding on a choice after a series of brain storming
  4. The process of identifying problems and opportunities and then resolving them

Answer (Detailed Solution Below)

Option 4 : The process of identifying problems and opportunities and then resolving them
Free
UGC NET Paper 1: Held on 21st August 2024 Shift 1
50 Qs. 100 Marks 60 Mins

Detailed Solution

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Key Points

Decision making process:

  • It is thought to be a selection from alternatives.
  • It is deeply related to all the traditional functions of a manager, such as planning, organizing, staffing, directing, and controlling. When he performs these functions, he makes decisions
  • It is the process of identifying problems and opportunities and then resolving them.
  • Decision-making involves effort both before and after the actual choice.
  • In problem-solving you identify and evaluate solution paths; in decision making, you make a similar discovery and evaluation of alternatives.
  • The crux of decision-making, then, is the careful identification and evaluation of alternatives.
  • A decision can be defined as a commitment to a course of action having the intention of serving the interests and values of particular people.
  • Not that if  a situation is too self-evident requiring an answer, you do not need to make nay decision for that.
  • For example, “you can't be in two places at once,” “something either is or it isn't,” “everything exists.

Hence, "The process of identifying problems and opportunities and then resolving them" is closest to the nature of decision making.

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