Decision-making is a key skill in the workplace, and is particularly important if you want to be an effective leader. Whether you're deciding which person to hire, which supplier to use, or which strategy to pursue, the ability to make a good decision with available information.
Decision making can be defined as the process of making choices among possible alternative. The skills considered important to effective decision making are based on a normative model of decision making, which prescribes how decisions should be made. These skills include:
1) identifying the possible options.
2) identifying the possible consequences that follow from each option .
3) evaluating the desirability of each of the consequences.
4) assessing the likelihood of each consequence .
5) making a choice using a "decision rule".