Management decision making is not a lot different than in any other area of business. The biggest difference is the potentially large impact on the company bottom line. Mistakes can be disastrous and good decisions can propel a company to new heights.
The keys for decision making in management is to collect as much data as possible. A manager must have good information in order to understand exactly what decision he is really making.
Secondly, he or she must examine all the alternatives for making the decision.
