Decision-making

By IntroBooks Team

The thought process which leads to selection of a specific
course of action while weighing other possibilities is termed as
decision making. Decision making results in a concluding choice
–the person taking the decision should be aware of the result
for each decision taken to ensure that the choice made for the
specific situation is not wrong. Selection made on the basis of
alternatives that are based on preferences, beliefs or deductions
of the decision maker is known as decision making.The decision
maker tries to weigh all the options and pick the best one as
a final option. Mostly deciding on things can be easy but
people encounter several phases in life where they need to
decide on important matters such as studies, job, marriage,
investments, business etc. The decision taken for important
matters as these will impact their lives in future. This is why
people consider all the pros and cons before taking a decision
so they may not have to regret about it later.

• Language: English
• Publisher: IntroBooks
• Release date: Nov 5, 2019
• ISBN: 9781393150602

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Decision-making

IntroBooks #481

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Preface

The thought process which leads to selection of a specific course of action while weighing other possibilities is termed as decision making. Decision making results in a concluding choice –the person taking the decision should be aware of the result for each decision taken to ensure that the choice made for the specific situation is not wrong. Selection made on the basis of alternatives that are based on preferences, beliefs or deductions of the decision maker is known as decision making.The decision maker tries to weigh all the options and pick the best one as a final option. Mostly deciding on things can be easy but people encounter several phases in life where they need to decide on important matters such as studies, job, marriage, investments, business etc. The decision taken for important matters as these will impact their lives in future. This is why people consider all the pros and cons before taking a decision so they may not have to regret about it later.

Introduction

Decision making can be considered as an acivtity of solving a problem through a solution which is the best. The process may or may not be rational and can be grounded on knowledge and thinking.

For instance, someone may have a secured job, decent savings and an enjoyable life but when the same person wants to quit the job, use all the savings and take an additional loan to start a business then the decision taken will impact the future of the person and those connected to that person. The impact can be either positive or negative. If the business takes off then the person will never regret