Thus the decision-making process is

Thus the decision-making process is fundamental to management. Almost
everything a manager does involves decisions, indeed, some suggest that the
management process is decision making. Although managers cannot predict the
future, many of their decisions require that they consider possible future events.
Often managers must make a best guess at what the future will be and try to
leave as little as possible to chance, hut since uncertainty is always there, risk
accompanies decisions. Sometimes the consequences of a poor decision are
slight; at other times they are serious.