Transcription of Effective decision making - CIMA
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Effective decision making Topic Gateway Series 1 Prepared by Jasmin Harvey and Technical Information Service December 2007 Effective decision making Topic Gateway Series No. 40 Effective decision making Topic Gateway Series About Topic Gateways Topic Gateways are intended as a refresher or introduction to topics of interest to CIMA members. They include a basic definition, a brief overview and a fuller explanation of practical application. Finally they signpost some further resources for detailed understanding and research. Topic Gateways are available electronically to CIMA members only in the CPD Centre on the CIMA website, along with a number of electronic resources. About the Technical Information Service CIMA supports its members and students with its Technical Information Service (TIS) for their work and CPD needs.
Decision making ranges from strategic decisions through to managerial decisions and routine operational decisions. Decision making in business is about selecting choices or compromises in order to meet business objectives. However, decision making is not just about selecting the right choices or compromises.
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