BOUNDED RATIONAL DECISIONS

Decision making is an important and imperative activity of each and every field of life whether a man has to choose a school for his child or a student has to select his career. Everyone wants to make effective decision which helps him to get desired results. Decision making process is the heart of any organization whether it is political or non-political, government or non-government or business or non-business organization. Decisions are taken at all the levels of management which may affect its members, goals and success. Effective decision making is an integral part of modern management. Directors, managers, team leaders and even employees need to make rational and sound decisions regularly. The right decisions and approaches help in meeting organizational objectives more efficiently. It helps organizations to adopt and implement optimal strategy that increase the growth of the organization.

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Keywords: Decision Making, Non-Government, Modern Management, Optimal Strategy, Organization.


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