Lesson
02 of 14

🧩 Basics of Decision Making

Every meaningful decision begins when a person or an organisation has a goal, faces more than one possible path, and must choose with limited time, limited information, or limited resources. That is why decision making is not just "selecting something"; it is the disciplined act of selecting a course of action that is most suitable for the situation.

Decision making process showing goal alternatives evaluation and choice for NABARD management lessons
Decision making becomes meaningful when the learner first identifies a goal, compares alternatives, evaluates them, and then chooses the best available option.

What Decision Making Actually Means

Decision making is the process of choosing the best available alternative from two or more alternatives in order to achieve a desired objective. The words "best available" are important. In real life, the chooser does not always get a perfect option; instead, the chooser compares the available options and selects the one that fits the objective, constraints, and likely consequences better than the others.

To understand the definition clearly, break it into three parts:

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