Introduction Dear readers, every decision matters. Every action you take has a consequence in your future. Making decisions is easy. Making the right decision is hard. When making decisions, you will face many barriers, including the quality of information you have, the amount of time allowed, and several cognitive biases that will influence your decisions. In addition to these barriers, we’ll also look at some common styles of decision making, including satisficing, optimizing, intuitive, rational, combinatorial, and positional. A decision is the conclusion of a process by which one chooses between two or more available alternative courses of action for the purpose of attaining a goal(s). This process is called decision making. Managerial decision making is synonymous with the whole process of management. Decision making by nature involves a series of decisions such as what should be done? When? How? Where? By whom?. Some of the decisions are so routine that you can make them even without giving them much thought. Sometimes what we don't know that difficult or challenging decisions demand more consideration. The followings are the sort of decisions that involve:
Uncertainty – Many of the facts may be unknown.
Complexity – There can be many, interrelated factors to consider.
High-risk consequences – The impact of the decision may be significant.
Alternatives – There may be various alternatives, each with its own set of uncertainties and consequences.
Interpersonal issues – You need to predict how different people will react.
