User:Malejandramoyar1995/Strategic Decision Making in business

For the business world, strategic decision making has become one of the most active areas of actual management research. Deciding the course of action of a company, by decisions, can define the difference between success and failure of an enterprise, no matter hoy big or small the company is. Poor decision making can be explained through certain factors: one of them, cognitive biases.

Decision making according psychology
The psychology definition of Decision-making is defined as a cognitive process which leads to the selections of a belief or a course of action among several alternatives, choosing the best one according to the person´s interests. Every decision-making process produces a final choice, which is shaped by the ambiance of the person who chooses.

Bias at making decisions
In business, even the best designed strategies can fail if managers do not use the information on the right way. The role of managers in the process of taking decisions, are of fundamental importance for the well being of the enterprise, and can collapse a company if the decisions are not well taken. The rationality of decision making