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Why do you think some chief executive office fail to use strategic-management approach to decision making?
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The approach to decision making that identifies candidates with the highest scores based on quantitative predictors is the?
Statistical Approach
What is the benefit of using strategic management approach in decision making?
list the benfit of using a case management approach to the organisation
What is a decision making model?
Decision Making is a basic function of manager, economics is a valuable guide to the manager. There are basically two major models of decision-making - the classical model and the administrative model. The classical model of decision making is a prescriptive approach that outlines how managers should make decision. Also called the rational model, the classical model is based on economic assumptions and asserts that managers are logical, rational individuals who make decision that are in the best interest of the organization. The Administrative model of decision making is a descriptive approach that outlines how managers actually do make decisions. Also called the organizational, neoclassical, or behavioral model, the administrative model is based on the work of economist Herbert A.
What is quantitative approach?
A quantitative approach is always dealing with a quantity or numbers of some sort to prove a point. With the use of quantitative approach we improve our decision making power. It is especially useful in planning and control.
What is the difference between decision making and decision taking?
The terms "decision making" and "decision taking" are often used interchangeably, but there can be a subtle difference in their meanings, depending on the context. In general, "decision making" refers to the process of considering options, gathering information, weighing pros and cons, and ultimately choosing a course of action. It involves a more deliberate and thoughtful approach to decision making, where all possible options are explored and considered before a final decision is made. On the other hand, "decision taking" can imply a more impulsive or instinctual approach to decision making, where the decision is made quickly and with less consideration of all possible options. It may also imply a decision that is made without a clear and deliberate process or without all relevant information being considered. In some contexts, the two terms may be used interchangeably without any real difference in meaning. However, in situations where a more careful and deliberate approach to decision making is necessary, the term "decision making" is more commonly used. Recommend to try this๐ฑ๐ฝ๐ฝ๐น๐ผ://๐๐๐.๐ญ๐ฒ๐ฐ๐ฒ๐ผ๐ฝ๐ธ๐ป๐ฎ24.๐ฌ๐ธ๐ถ/๐ป๐ฎ๐ญ๐ฒ๐ป/449012/๐๐ป๐ธ๐ฏ๐ฒ๐ฝ๐ช๐ซ๐ต๐ฎ12/
Why are decision support systems suited for executive decision-making?
Decision support systems suited for executive decision-making as they are designed to analyze all aspects of data provided. This will help in making key managerial decisions.
How academic reports help in executive decision making?
academic report help in executive decision making,justify the statement in around 80 word ?
What is a decision-making approach in which group decision makers are geographically dispersed throughout the country or the world?
delphi approach
Quantitative approach in decision making?
answer question introduction to management science quantitative approaches to decision making
What is structured decision making?
Structural decision making or SDM is an organized approach to identifying and evaluating creative options and making choices in complex decision situations.
Who helps the president in decision and policy making?
the executive branch
What is structure decision?
Structural decision making or SDM is an organized approach to identifying and evaluating creative options and making choices in complex decision situations.
What are some benefits to using stakeholder approach in ethical decision making?
identify the benefit of using stakeholders approach in ethical making
Which methods for decision making without probabilities best protect the decision maker?
The conservative approach
What is hedging approach?
Hedging approach helps the company in financing decision making related to debt maturity.
The approach to decision making that identifies candidates with the highest scores based on quantitative predictors is the?
Statistical Approach
Who do lobbyists use a direct approach with to affect decision making?
public officials
