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What is the first thing you should do when making an individual decision?
Identify the decision you need to make
How do you think good decision making has contributed to the success of this business?
good decision making is what we need because a company is not made by a single person . Its the idea of different people who help in improving a solution and making a good decision for a successful business strategy
Issues in strategic decision making?
§ A company would have different people in decision making at different periods of time. Decision often require judgments and thus is important to note that the person related factors are important in decision making and the decision make differ as that person changes. § Again an individual does not take decisions alone. But often there is rumble in decisions, which could be between individual and group decision making. The decision taken by the group could be different from those that may be taken by the individual themselves. § The company would need to decide on what criteria it should make its decision. Thus it need a process of objective setting, which serve as benchmarks for evaluation of the efficiency and effectiveness of the decision making process. There are three major criteria in decision making- the concept of maximization, - the concept of satisfying, -the concept of instrumentalism. Based on the chosen concept, Strategic decisions will differ. § It is assumed that decision making is logical and thus there will be rationality in the decision making. In the context of Strategic decision making, it means that there would be a proper evaluation and then exercising a choice from among various alternative courses of action in such a way that it may lead to the achievement of the objectives in the best possible manner. § As the situations are complex, straightforward thinking may not be effective. Creativity in decision making may be needed, thus the decision must be original and different. But also based on situation and circumstances there could be variability in decision making.
Why is financial management important even if it is not in your line of work?
Financial Management deals with acquisition of funds for investment purposes and its wisely allocation of that funds. It is important to know Financial Management because we are involved in the process of making decision on Financial Planning,Control and Decision making in our firms as Managers.So we need to have knowledge of Financial Management for assisting us being best managers.
Would you characterize television programming decisions as structured or unstructured?
. According to the case, this decision was “a radical experiment.” Because this was something that had never been done before, it can be seen as an unstructured decision. Also, while it was known that this format would save money, they did not know if it would be accepted by viewers, making the condition one of uncertainty.
How do you prevent supreme arrogance?
to prevent supreme arrogance, you need to know the whole situation before making any decision.
What is the difference between planning and decision making?
Decision making is required during planning but planning is forming a plan before doing. Decision making is required while doing because unplanned things happen.
What is the need of decision making?
The need of decision making is maybe taking on a job that you need good leadership skills or decision making skills.
How would you describe your decision making style?
You should be able to discuss your decision-making style with a job interviewer. Interviewers need to know that you are capable of making rational decisions.
What does the Supreme Court's decision do?
We need to know the case before we can answer your question.
Why managers need to know economics?
Hi this is his role is to make sure the company makes profit
How many home insurance quotes should you get before making a decision?
You can get many home insurance quotes as you want before making a decision because you need to compare prices between companies. There are a lot of places sell home insurance.
Why is it important to consider your values when you make a decision?
it is important because when you are making a decision you need to know that you are making the right one and not just going to the wrong one like stealing from a store or saying no.
What printers offer an all in one?
Many different brand offer all in one printers. However you need to know what different features you want in an all in one before making a decision..
What is the process of making decision?
Recognize a need
What is the process of decision-making?
Recognize a need
What is the first step in making a desicion?
The first step in making a decision would be to recognize that you are in a situation in which you need to make a decision.
