What is Group Decision Making?
Group decision-making is a process by which groups use their collective intelligence to make decisions or reach conclusions. Businesses often use group decision-making to make important strategic decisions, such as product development, budget allocation, and resource planning. Despite it's benefits, group decision-making can be tricky due to factors such as communication difficulties and conflicting opinions. The key factors that contribute to efficient decision-making include clear communication, well-defined roles and responsibilities in the group, and a structured process.