Management Decision Making

The video discusses the importance of decision making in management, highlighting its role in planning, organizing, leading, and controlling. It categorizes decisions into strategic, tactical, and operational levels, and explores the balance between personal and organizational needs. Additionally, it contrasts long-term and short-term decision making, emphasizing the critical nature of decision making in management.

What is the significance of decision making in management?

How can decisions be categorized within an organization?

What are the differences between strategic, tactical, and operational decision making?

In what ways do personal and organizational needs affect decision making?

What is the difference between long run and short run decision making?