Decision making in business and management
n general, business and management systems should be set up to allow decision making at the lowest possible level.
Several decision making models or practices for business include:
Evaluation by the decision making individual or organization of Strengths, Weaknesses,Opportunities and Threats with respect to desired end state or objective.
yer decision processes -
transaction before, during, and after a purchase
e investment decision
e financing decision
e dividend decision
working capital management decisions
ost-benefit analysis -
process of weighing thetotal expected costs vs. the total expected benefits