April 24, 2011


Decision making is on of the most important step whether it be any situation or position. In an organizational context it is even more imnportant because in case of large firms and multi-nationals, important decisions have to be taken at the right time, which can have a great impact on firm's image or position. There are a few things that one should keep in mind while taking important decisions. Ther are many things that should be kept in mind for instance the type of decision, heuristics, style of decision making etc. It is really important to first of all analyze that what kind of situation are we facing and then take the decsion accordingly. For instance if we are want to take a decison regarding some day to day processes than we have to take an operational decision. But we really need to be carefull in case of the more important and long term decisions, which are the strategic decisions. So, the thinking process is more intense in these kind of dicisions.

It is really imporatant to follow all these steps while taking decisions within an organization and it is definitely helpful for people to take decisions because there is always a need to solve a problem and tackle a situation according to its importance and intensity. And following that, we also have to consider the heuristics aspect as well as biases that we may face in the decison making process. 

It can definitely prove helpful in our future carrier because we have to take important decisions in many diferent situations and this can help as a framework for decision making in the real life problems and situations.          

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