Importance of Business Decision Making - Evaluation of Managerial Performance

Evaluation of Managerial Performance

Decisions can evaluate managerial performance. When decision is correct it is understood that the manager is qualified, able and efficient. When the decision is wrong, it is understood that the manager is disqualified. So decision making evaluate the managerial performance. 

For example, making decisions properly at the right time and in the best period has the potential to increase the overall success of the manager.

Decision-making which means comprehending, thinking, evaluating the alternatives and choosing one of the alternatives is a factor that affects manager’s performance directly and provides a competitive advantage for organisations. managers who have high decision-making competence will have high managerial performance.