Decision Making for Organizational Sustainability
Keywords:
Decision-making, Sustainability, Organizational Life cycle, business decisions, diversity, sustainable growthAbstract
In the current volatile, uncertain, complex and ambiguous socio-economic environment, organizational sustainability is the need of hour. Though the organizational life cycle follows a typical path, every organization cannot survive forever. Very few organizations in this world maintain their continual growth. Decisions taken by the team from time to time make the difference. There are many myths about right or wrong decisions. But the truth is far away from the discussions and general opinion. There is a need to understand the importance of decision making to get the organization going with its continual growth without affecting the future generation. This paper talks about decision making in organizations for their sustainability. It also talks about the myth prevailing about it, where people are either unable to take decisions or leave it to others as a strategy. These decision makings in an organization may have significant impact on Sustainable Development Goals (SDG), especially on SDG8 (decent work and economic growth) and SDG10 (reduced inequalities). This study encompasses the role and significance of decision making on these SDGs, which directly impact organizational sustainability in the long run.
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