Decision Making in Modern Organizations

Introduction Decision-making is the critical key to the survival of an organization, more so in this present time where we see economic boundaries between countries crumble and businesses become more complex, global and knowledge-driven. Managers need to ensure that their organizations are continuously innovated and improved in order to achieve and maintain a sustainable competitive edge. In fact, Potter (1985) highlighted that it is this competitive ability which is considered to be at the core of …

…standard approach in making decision. References: Gray. J. and Strake. F. (1988), Organizational Behavior, Columbus, Ohio. Huber, G.P. (1980), Management decision making, Glenview, IL. Scott, Foresman and Co. Porter, M.E. (1985), Competitive advantage, New York, Free Press. Robbins, S.P. (2002), Essential of Organizational Behavior, 6th edition, Prentice-Hall Inc. A Pearson Education Co., Upper Saddle River, New Jersey, pp. 74 and 75. Stoner, A.F. and Freeman, R.E. (1989), Management, 4th edition, Prentice-Hall of India Private Limited, pp. 165 - 167.