Managerial Decision Making

Decision-making can be an exciting and challenging experience in this competitive world of business and particularly during uncertainty and turbulent times like the pandemic. This contextual notion of Managerial Decision Making is used to bring conceptual order in the endless variety of functional areas of business. The decision-makers normally take decisions in their functional area and have little or no understanding of decisions taken in other functional areas. Therefore, this Programme has been designed with a cross-disciplinary approach to give a holistic view of how decisions should be taken in different functional areas at the organizational level in the dynamic competitive, and challenging business environment. In recent times decision-making is aided by various tools, techniques, and data analytics. Since most major decisions have overtones of the economy, therefore it becomes imperative that decisions are taken with an understanding of the difficult environment of business and the economy.