Management and Accountings

Life is full of choices at every moment of time. There are multitude of possibilities in front of you to choose from. You need to choose one course of action from all available options based on your judgment. That is what constitutes making a decision. If you think about it, life is a series of decisions and consequences that follow them. Smart decisions are the triumphs of judgment while bad decisions are opportunities to learn from and rectify our strategy. The importance of decision making in life is immense as what we eventually become is a consequence of the decisions we made in the past. We are what our choices and decisions make us to be. In the text that follows I'll identify the importance of decision making skills in leadership, business, management and running an organization. 

Importance of Decision Making in Leadership

Leadership is perhaps one of the toughest tasks ever because a leader makes decisions for all his followers. The fate of all followers is entwined with the decisions that a leader makes for them. He is the leader because of his higher level of understanding and experience. He must choose what is best for all his followers and then his own self. The fact that they trust his judgment puts immense responsibility on his shoulders. There are many types of decision making processes that one can adopt.

Who can know the importance of decision making, better than a leader? The leader's respect is heightened when the decisions he makes are validated by the test of time to be the best ones under the circumstances. He must consider all variables and possible paths to attain a collective objective and choose the one with highest success rate. His ability to study and observe situations deeply helps him in choosing the right path. He must trust his ability and soundness of reason when making a decision. Becoming a leader of men is the ultimate test of character!

Importance of Decision Making in Management

Management is not just about taking...