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What is the ability to efficiently identify and collect information and then use the information in making good decision?
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Skills of a good manager?
A good manager possesses all of the necessary talents and can put them to use in order to effectively manage the firm. Technical skills, conceptual skills, interpersonal and communication skills, and decision-making skills are the five managerial competencies. Technical skill is knowledge of and proficiency in activities involving methods, processes, and procedures. Conceptual skill is the ability to coordinate and integrates all of an organization’s interests and activities. Communication skill for a manager is a must. The manager must be able to convey ideas and information to others and receive information and ideas from others effectively. Decision making skill is the skill that makes a manager able to recognize opportunities and threat and then select an appropriate course of action to tackle them efficiently so that the organization can benefit them. A good manager has Diagnostic and Analytical skills in his bags. Diagnostic skill refers to the ability to visualize the best response to a situation. Analytical skill means, the ability to identify the key variables in a situation. Manager diagnostic skill and Analytical skill helps him to identify possible approaches to a situation.
What are the managerial skills of an entrepreneur?
1. management skills like controlling,planning etc 2. speculative 3. ability to take decision
Decision making is a intellectual process-elucidate?
Decision making is indeed an intellectual process that involves various cognitive functions and mental activities. Here's an explanation of why decision making is considered an intellectual process: 1. Information Gathering: During decision making, individuals engage in information gathering to collect relevant data, facts, and insights about the situation or problem at hand. This requires intellectual abilities such as researching, analyzing, and comprehending information from various sources. 2. Analysis and Evaluation: Once the information is gathered, individuals need to analyze and evaluate it to understand the implications, identify patterns, and assess the potential outcomes of different choices. This involves critical thinking, logical reasoning, and intellectual skills to weigh the pros and cons and make sound judgments. 3. Problem Solving: Decision making often involves solving complex problems or addressing challenging situations. Individuals need to apply their intellectual capabilities to identify the root causes, generate creative solutions, and evaluate their feasibility. Problem-solving skills rely heavily on intellectual abilities such as conceptual thinking, pattern recognition, and analytical reasoning. 4. Mental Simulation: In the decision-making process, individuals mentally simulate the potential consequences and outcomes of their choices. They visualize scenarios, consider different perspectives, and imagine future possibilities. This mental simulation requires imaginative thinking, mental flexibility, and intellectual foresight. 5. Prioritization and Trade-offs: Decision making involves making choices and prioritizing options based on their relative importance and value. Individuals need to consider trade-offs, allocate resources, and balance competing interests. This requires intellectual abilities to assess the significance of different factors, make value judgments, and allocate resources effectively. 6. Reflection and Learning: After making decisions, individuals reflect on the outcomes and learn from their experiences. They evaluate the effectiveness of their decisions, identify areas for improvement, and adapt their approach accordingly. This reflective process involves intellectual self-awareness, introspection, and the ability to draw lessons from past decisions. Overall, decision making is an intellectual process as it involves information gathering, analysis, problem-solving, mental simulation, prioritization, reflection, and learning. It relies on cognitive functions, critical thinking, reasoning abilities, and other intellectual capacities to navigate complexities, make choices, and achieve desired outcomes. By : 1solutions.biz
Explain the decision support system concept and how it differ from traditional management information system?
In decision support system (now maturing into business intelligent) user has the ability to construct a table (view, query) with any combination of the existing fields in all database. The traditional MIS is confined to reports which although customize-able often become a one time design because of it's labour intensive nature. As illustration, if traditional MIS is ordinary excel table, decision support system is like the excel pivot table.
Why are information systems so essential for running and managing a business today?
Information systems are a foundation for conducting business today. In many industries, survival and the ability to achieve strategic business goals are difficult without extensive use of information technology. Businesses today use information systems to achieve six major objectives: operation excellence; new products, services, and business models; customer/supplier intimacy; improved decision making; competitive advantage; and day-to-day survival.
What do you mean by decision making ability?
decision making ability means who can do decision right in right time.main theme of decision is don't be late.
How can i improve my ability to make scientific decision?
How can i improve my ability to make scientific decision?
What is the ability of your body systems to work efficiently?
Physical fitness
Of what significance is technical information to an employee?
Technical information gives the worker the judgment forming, decision-making ability to perform the task(s) in a safe and correct manner
What is broad retrieval ability?
Broad retrieval ability refers to having the capability to access a wide range of information or resources from different sources or platforms. It involves being able to retrieve relevant data efficiently across various formats, databases, or systems. This ability enables individuals to gather comprehensive information on a particular topic or issue.
What is the ability of the body to function successfully and efficiently during?
physical fitness
What is the ability for your boby system to work together efficiently?
Physical Fitness
The Ability of writers to completely identify with their characters is?
The ability of writers to completely identify with their character is known as negative capability.
Skills of a good manager?
A good manager possesses all of the necessary talents and can put them to use in order to effectively manage the firm. Technical skills, conceptual skills, interpersonal and communication skills, and decision-making skills are the five managerial competencies. Technical skill is knowledge of and proficiency in activities involving methods, processes, and procedures. Conceptual skill is the ability to coordinate and integrates all of an organization’s interests and activities. Communication skill for a manager is a must. The manager must be able to convey ideas and information to others and receive information and ideas from others effectively. Decision making skill is the skill that makes a manager able to recognize opportunities and threat and then select an appropriate course of action to tackle them efficiently so that the organization can benefit them. A good manager has Diagnostic and Analytical skills in his bags. Diagnostic skill refers to the ability to visualize the best response to a situation. Analytical skill means, the ability to identify the key variables in a situation. Manager diagnostic skill and Analytical skill helps him to identify possible approaches to a situation.
What is the ability to read quickly effortlessly efficiently with good meaningful expression?
fun
What are the major strength of computer?
Ability to carry out repetitive computations accurately and efficiently.
The ability to use logic and sound judgment to make decisions based on available information to complete the mission or task is what behavioral skill?
Decision Making
