Decision making in micro, small and medium-sized businesses

52


As businesses grow, many decisions come to bear; from marketing to funding, expansion, investments, operations, logistics, staffing, technology adoption etc, all to enhance the business productivity. Without a doubt, just like individuals make poor choices and bad decisions, businesses do too. Business leaders and entrepreneurs make bad decisions not because they are not clever or experienced, but because they are humans. Certainly, humans are never perfect decision-makers at all, a bad decision can occur once in a while or repeatedly and such is the case with business leaders, entrepreneurs, top management, and/or owner-managers of businesses around as well.

As important as…



Source: Nigerian Tribune