Romi Almanzor March 6, 2021

MBA-1a
Central Colleges of the Philippines

Managerial Decision Making

(by Ernest Perez)

Making decisions is something that everybody has to do on a daily basis. There isn't any exception
in this case. When it comes to corporate relationships, decision-making is both a custom and a
method. Successful and efficient decisions of Managers generate profit for your business, while
poor decisions result in cost reductions. As a result, the company decision-making process has
quickly become the most important tool in virtually any business.

Making decisions is the driving force behind the company's success or failure.

When I consider decision-making, I consider gaining clarity about how to proceed. Although this
does not guarantee that you can always make the best decision, it does indicate that you have
taken into account as many factors as possible. Simply put, effective decision-making encourages
you to act rather than respond, which is critical as a Manager

One of the most important processes of any company is managerial decision making. Good and
efficient decision-making results in benefit, while ineffective decision-making results in a significant
loss. A comprehensible plan containing the rules, regulations, and instructions should be
established before a manager decides. These rules will assist everyone in making an informed and
timely decision. The decisions taken are then consistent and accurate throughout.