Study and Analysis of Various Decision Making Models in an Organization

Abstract

Decision making is an important process in any business organization. Lots of resources are involved in it. Incorrect decisions may lead to downfall of the organization, that's why the process followed needs to be correct. In this study, various Decision Making Models are elaborated and discussed for the organization. The pros and cons are discussed and appropriate model's aptness is presented. The implication of the study revolves around the management committee involved in decision making to choose the correct model for the Business House. The research is descriptive and informative in nature and it involves the usage of secondary data available.