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Why is research necessary to assist managers in the decision making process?
Wiki User
∙ 15y ago
By first doing research, managers can be sure that their decisions are based on actual data (and not guesswork) and that their decisions are relevant to actual market forces (and not only their imagination).
Wiki User
∙ 15y ago
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Merits of centralization?
In centralized organizations managers are in the know. They are aware of things that are going on in the organization because they are a part of the decision process.
What is global planning?
Global planning is when executive managers assesses and organization's options when they are considering going global. During the process they will research risks and threats.
Incident managers being planning for the demobilization process?
Incident managers begin planning for the demobilization process when?
What is the stage of the planning process managers should weigh the advantage's disadvantage's and potential effects of each alternative goal and plan?
Managers should examine alternatives before they determine their course of action. Without examining alternatives they may make a bad decision.
What is the outcome of the decision process?
It is impossible to tell the outcome of the decision process without knowing more information. One can assume, however, that the outcome of the decision process is, in fact, a decision.
What does business decision making process have to do with operation research?
When managers have to make decisions it should be based on thorough research. With operations research, management can implement the best actions based on their research.
What are the steps involved in business research decision making process?
Managers research their options by research alternatives for their solutions. Once they have identified a number of alternatives, they choose the best one for their business.
Where does decision making resides?
Decision making is the final steps before operation and after plan. The management ,managers, high officials usually take part in the process of decision making.
What is the distinction between relevant cost and irrelevant cost?
Relevant cost is that cost which is necessary for the underlying decision in decision making process while irrelevant cost is not necessary to be decision to be made.
Merits of centralization?
In centralized organizations managers are in the know. They are aware of things that are going on in the organization because they are a part of the decision process.
How is individual decision making an irrational process?
Inevitably irrational, since no individual can have all the information necessary to make a totally rational decision.
What are the characteristics managers?
Management refers to the process of organized activities and groups of people achieving a common objective, such as organizational goals. The process of management involves decision making at all levels.
Managerial decision types?
There are two types in connection with the managerial decisions , they are :- 1. Vertical managerial decision , 2. Horizontal managerial decision. 1. Vertical managerial decision this means that the decisions are taken vertically that is from top level to bottom level. The top level managers will take the decisions and pass it towards the middle level and thy will pass it to the bottom level , there will be no consideration for the bottom level managers to play in the decision making process. The power will vested only with top levels. 2. Horizontal managerial decision here the top level managers will consider the ideas and suggesion from the bottom level before taking a decision.
Incident managers being planning for the demobilization process?
Incident managers begin planning for the demobilization process when?
What is global planning?
Global planning is when executive managers assesses and organization's options when they are considering going global. During the process they will research risks and threats.
Which is a necessary activity during the information-collecting phase of the research process?
During the information-collecting phase of research, it is necessary to review relevant literature, gather data from various sources, and critically evaluate the information to ensure its reliability and relevance to the research topic. Additionally, it is important to document and organize the collected information properly for future reference and analysis.
What is the stage of the planning process managers should weigh the advantage's disadvantage's and potential effects of each alternative goal and plan?
Managers should examine alternatives before they determine their course of action. Without examining alternatives they may make a bad decision.
