There is a high amount of possibility that the managers at Woolworth will be able to make informed decisions, if the team involved in decision-making thinks rationally, and in the best interest of the company.
An informed decision can be referred to or considered as a decision that is taken by keeping important factors in mind while arriving at a decision, and also managing the core functions with an intention of growth.
In the condition given above, the managers will be able to make informed decisions only if their mindset towards the company is rational, and such decision is in the best interest of the company.
Therefore, the significance regarding an informed decision has been aforementioned.
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