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How briefly describe background to important of management science in managerial decision making?
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What are managerial skills?
Technical Interpersonal Communication Conceptual Diagnostic Decision making Time management
What are the managerial skills of an entrepreneur?
1. management skills like controlling,planning etc 2. speculative 3. ability to take decision
Discuss the importance of measuring variability for managerial decisions?
discuss the importance of measuring variability for managerial decision making
What is the importance of management information systems?
Management Information Systems are important because they provide information that supports operations, management and decision-making functions in an organization.
Why strategic management is so important?
1.It results in higher organizational performance. 2.It requires that managers examine and adapt to business environment changes. 3.It coordinates diverse organizational units, helping them focus on organizational goals. 4.It is very much involved in the managerial decision-making process.
Why is demand estimation and forecasting important for managerial decision making?
why is demand estimation and forecast important for managerial decision making
What has the author Nagraj Balakrishnan written?
Nagraj Balakrishnan has written: 'Managerial decision modeling with spreadsheets' -- subject(s): Mathematical models, Management, Management science 'Managerial decision modeling with spreadsheets' -- subject(s): Management, Management science, Mathematical models
Managerial economics serves as a link between traditional economics and the decision making sciences for business decision making?
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
What are managerial skills?
Technical Interpersonal Communication Conceptual Diagnostic Decision making Time management
What are the uses of elasticity of demand for managerial decision making?
It help the management to analyze the change in prise of the products
Why is macroeconomics important in managerial economics?
It can be important when the decisions of management are related to the whole of the social system. A possible change in the forecast of the progress of the macro-economy can result in the need for the managemental decision-making to re-align with it.
What has the author Jerold L Zimmerman written?
Jerold L. Zimmerman has written: 'Accounting for decision making and control' -- subject(s): Managerial accounting, Management, Decision making, Accounting 'Accounting for decision making and control' -- subject(s): Managerial accounting
What is the decision making process?
It is rightly said that the first important function of management is to take decisions on problems and situations. Decision-making pervades all managerial actions. It is a continuous process. Decision-making is an indispensable component of the management process itself.Drucker recommended the scientific method of decision-making which, according to him, involves the following six steps:Defining / Identifying the managerial problem,Analyzing the problem,Developing alternative solutions,Selecting the best solution out of the available alternatives,Converting the decision into action, andEnsuring feedback for follow-up.
Managerial accounting places considerable weight on?
Managerial accounting places emphasis on how the numbers actually affect the organization. In managerial accounting, managers want to know what is important to decision making.
What jobs use confidence intervals?
Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.Any kind of decision making - which means all managerial jobs.
Role of cost accounting in managerial decision making?
Role of cost accounting in managerial decision making?"
What are the managerial of an entrepreneur?
1. management skills like controlling,planning etc 2. speculative 3. ability to take decision
