Decision making
Critical factors and Considerations that are essential.
Competitive Advantage (Factor)
Innovation – Quality – Service – Speed – Cost – Sustainability.
Environment (factor)
Macro economy, Technology, Laws, Regulations, Social Issues.
Competitive, Competitors, Customers.
Internal, Culture, Climate.
Process (Factor)
ID Problem, Alternative Solution, Best Solution.
SWOT analysis.
Measurable results.
Ethics/ Social responsibility (Factor)
Ethics Environment, Culture.
……………………..Answer preview……………………
Decision making is one of the significant factors in a business organization. Decision made in a business organization determines its prosperity or failure. In nearly all organizations, individuals make choices that are appropriate for the development of their organizations. Decision making in businesses is appropriate because it increasingly boosts the progress of businesses……………………
APA
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