ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Great leaders understand how to balance emotion with reason, and have the decision-making skills to positively impact themselves, their employees, customers, stakeholders, and their organizations. Making good decisions in difficult situations is no small feat.

Detailed explanation-2: -Making decisions, and supervising those who make decisions beneath you, are two basic tasks of leadership. A well-crafted decision helps your organization move in the right direction and systematizing how these decisions are made can ensure that the choices made are the best ones for your group.

Detailed explanation-3: -The word consensus is often thought to mean unanimous agreement but this is not necessarily the case. Consensus decisions include input from and acceptance by each member of the team.

Detailed explanation-4: -Consultative – “Leader Decides With Input from the Group” Consultative decisionmaking is when the leader involves the members of the group by asking them to share ideas, perceptions, and information concerning the decision.