A Literature Review-Bird Eye View of Decision Making Concepts

Abstract

Decision-making is a critical feature of every organization and in daily undertakings, decisions are taken at every step. It is also considered as one of the significant function of management. Understanding this vital concept is critical for every business success since it will help strategists and authoritarians to make more cautious, thoughtful and rational decisions by organizing relevant information and defining alternatives. In light of this, the current paper will review the relevant theories and models to offer insights on the decision making process, theories and models.

Keywords: Decision making, Group decision making, decision making techniques, theories of decision making