Decision Making Process

Decision Making Process

Decision making is the process of selecting the required course of action, from a set of available alternative scenarios, to achieve a desired organizational goal. A good manager should be capable of performing proper decision making. Steps involved in Decision Making: Decision making involves the following steps: Identification of Problem Evaluating the Problem Searching for [...]

Henri Fayol's 14 Principles of Management

Henri Fayol’s 14 Principles of Management

Henri Fayol was a French mining engineer who developed 14 principles of management. He is considered to be one of the most important contributors to the theory of management. Principles of Management: The 14 principles of management developed by Henri Fayol are listed and explained below: Division of work Authority and responsibility Discipline Unity of [...]