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HABITUAL TENDENCIES IN DECISION MAKING

October 17, 2015

Recent times have altogether given a different dimension to

organizations. Surviving and growing in this contemporary world of work is thus becoming an extremely challenging task. Every organization has to indulge in intensive forecasting, organizing, planning, strategist and decision making to ensure, the successful accomplishment of its organizational goals.

 

The growth of an organization largely depends on several interdependent factors. Business strategies drive growth, and they, in turn, are driven by all the important decisions taken within the organizational context.

Effective decisions facilitate an organization by contributing to enhanced profits, while unsuccessful ones contribute to losses further affecting the organization negatively.