Business decisions must be taken with complete analysis of the market (market research). The wrong business decision can have after effects like, unsatisfied customers that leads to customer turnover and thus, low or no profits.
Some medicines have serious aftereffects.We may do wrong, but be ready to face the aftereffect.
Typical examples of financing decisions regarding the wrong source of finance to the wrong business expense include spending money meant for education programs on road infrastructure.
it happens when the managers a stupid douche?
Probability, contingency, or aftereffect.
the effect thereafter
Elasticity of demand affects managerial decisions because the demand of a product changes with the wrong business decision. Managers must be careful about what they choose to do with their products.
A business president can make informed decisions. Not every business president makes informed decisions, but there are at least some business presidents who bother to become well informed before they make their business decisions.
Probability, contingency, or aftereffect.
Simulation in business decisions refers to making prototype decisions and testing their outcome in the actual business environment before final implementation.
These are known as aftershocks.
The best executives make decisions, even if the wrong one. Without making a decision an executive is useless. The key is to make more correct decisions than wrong ones. When a wrong decision is made and discovered wrong, it can than be corrected. The best executives are the ones that can make decisions fast with a high degree of correctness. The worst executives are the ones who can't make decisions or are slow, and when they finally do make a decision, they are mostly wrong.
No it's not wrong