what is the principle of limiting factor in decision making.
The principle of the limiting factor states that by recognising and overcoming those factors that stand critically in the way of a goal, the best alternative course of action can be selected.
The limiting factor is the biggest thing that stands in the way of you solving a problem or accomplishing an objective. Locate the limiting factor as part of your decision-making process to avoid making mistakes. Failure to follow the principle of the limiting factor leads to many poor decisions.
it is making decision, gathering and searching for Information
individual. It takes too much time for a group to reach a decision.
Agency theory focuses upon relationships between parties where one delegates some decision-making authority to the other. The principal would delegate some decision making authority to the agent who, in turn, would be responsible for maximizing the principal's investment in exchange for an incentive, such as a fee.
It should never be a factor or ever taken into consideration at all......
A decision becomes a moral dilemma when the decision leads to the breaching some kind of moral principal.
-delay in decision making - inter dependent factor Save
long term in nature
workers
Building stakeholder buy-in
Building stakeholder buy-in
biotic. Kelp is a plant,plants are living organisms making it biotic