Management As An Art That Deals With Decision Making Processes

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Executive Summary

The world we live today has become more complicated in business although more promising than few decades ago. But the truth remains that the wide opportunities are embedded in risk of highest order. Sub standard decisions can ground an organization to bankruptcy. Therefore to depend on luck or guess work should be considered disastrous. The fact that business is entangled with risk, management of an organization must adopt a scientific method of approach. Management activities are being carried out through identification of problems or setting of objectives, outlining of alternative solutions, selecting from among the alternatives, implementation and evaluating.

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