Decision Management is a systematic approach to making choices in organizations. It involves identifying problems, evaluating options, and selecting the best course of action based on data and analysis. This process helps businesses optimize their operations and improve outcomes by ensuring that decisions are informed and strategic. Key components of Decision Management include defining objectives, gathering relevant information, and assessing risks. Tools such as data analytics and decision support systems are often used to facilitate this process. By implementing effective decision management practices, organizations can enhance their efficiency and adaptability in a competitive environment.