2. THE FUNDAMENTAL CONCEPT
2.3. Organizational Decision Making
Decision-making is essential in organization management. It is the most frequently occurring activity that individuals engaged in organizational position. Difficulties in making decisions about changes is a norm as human often fall prey to common fallacies, biases, and other decision-making errors. The lack of explicit objectives of change and criteria for prioritizing different policy options makes it problematic for impact assessments implementation.
Decision-making process is continuous and indispensable component of managing any organization or business activities. Strategic decisions derived from decision-making process are significant to an organization's success in long-term. It is noted that decision-making needs the right kind of information, the complete information, and the ability to synthesize and make sense of the information in an organizational context. A strategic decision is designed to effectively match an organization's capabilities and resources with opportunities and threats in its environment. Consequently, successful decision results in the goals achievement of organization within the time, cost, technological and cognitive constraints.