Management decision making :
Decision-making is an essential aspect of modern management. It is a primary function of management. A
manager takes hundreds of decisions consciously and subconsciously. A decision may be defined as “a course
of action which is consciously chosen from among a set of alternatives to achieve a desired result.” It represents
a well-balanced judgment and a commitment to action. Decision-making pervades all managerial actions and a
continuous process. Decision-making is an indispensable component of the management process itself.