The hallmark of dynamic and successful organizations is accurate problem identification and quality decision making. Poor decisions generate inefficiency and losses. Good decisions vitalize the organizational processes and enhance efficiency and profitability.
The measure of manager’s worth lies in the quality and timeliness of his decision making. His effectiveness in this vital skill is the key to success on a personal and organizational level. Perhaps the most highly regarded and rewarded managerial skill today is that of effective problem identification and decision making.