Decision Management
Management Decision Making Management decision-making is a critical part of the management planning function. Understanding the unique nature of managerial decisions requires understanding the types of decisions and the context for making those decisions. Types or Categories of Management Decisions Decision-making can be defined as selecting between alternative courses of action. Management decision-making concerns the choices faced by managers within their duties in the organization. Making decisions is an important aspect of planning. Decision-making can also be classified into three categories based on the level at which they occur. Strategic Decisions These decisions establish the strategies and objectives of the organization. These types of decisions generally occur at the highest levels of organizational management. Tactical Decisions Tactical decisions concern the tactics used to accomplish the organizational objectives. Tactical decisions are primarily made by middle and front-...