Decision Making Systems in Management

Management is considered to be both an art and a science. It is the art of working with and through people to accomplish some objectives and to control the purposive actions. This fuses leadership and management, since leadership is defined as being the activity of influencing people to cooperate toward some goal which they come to find desirable. Leadership is a mixture of art, craft and humanity. It is of the sprit compounded of personality and vision, yet its practice is an art. Management is also a science, for its practice involves accurate calculation, statistics, methods and other scientific techniques. It involves taking a series of decisions and at different decision points or levels to achieve the different goals of the enterprise. Management objectives are maintained in several areas among which are innovation and development, the return on investment, the market position, profitability productivity, workers performance and attitude, the public responsibilities and the balance between short-range and long-range future.