The company must have the ability to manage tasks. In addition, they must have the knowledge and ability to perform tasks. The importance of executive is decision because the decision is the heart of the administrate. However, the decision will be in almost every step of the work. Even individuals could not avoid the decision so it seems that the decisions are not to consider. But if this is a big decision, which means that if you make the mistake decision may become much damage or hard to solve. So most of decision should be considered carefully before deciding because any decision of the Executive may refer to the company's survival.
What factor can help to decrease error of making the decision? I think information is key. If you are looking for information and have a good information that can reduce of mistakes. So the characteristics of good information have 4 choices 1. Reliable Source 2. Accuracy 3. Intelligibility 4. Enough and 5. Current.
Causes of the wrong decision may be several reasons such as the decision on the basis of habit, lack of information or bad information, time limit or hurry, careless, some influences dominated, Biases