Judgments and Decision Making
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What is the difference between judgments and decision making? Which is utilized in an organization that you know of?
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The response address the queries posted in 401 words with references.
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Here, we will discuss about the significant difference between 'judgments' and 'decision making' that all the Organizations use in their business operations. Firstly, we will discuss about the meaning and characteristic of 'Judgment'.
Judgment can be defined as the ability to evaluate different conditions and make inferences based on that. In other words, judgment is the resultant of weighing of different options. Decision making, on the other hand, can be termed as the process of identifying different option, and then selecting the one which fits the criterion in the best possible manner. Decision making involves application of various aspects of human behavior (Mathew, 2002). ...
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
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