There are so many factors affecting decision making. Some of them include the parties involved, urgency of the matter, stakes involved and so much more.
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i dont know what does profit affect microeconomics
Religious beliefs are very important when it comes to ethical decision-making. Some other factors are the education received from the parents and school.
Factors that influence decision making under risk include individual preferences, past experiences, emotions, cognitive biases, and the perceived probability and consequences of potential outcomes.
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competency, self image, locus of control, interpersonal relations, problem solving and decision making abilities
factors that make group communication and decision-making effective?
A decision- making technique in which individuals subjectively and intuitively consider the various factors in making their selection is known as multifactor decision making.
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workers
The decision-making process is considering various factors such as cost, impact on stakeholders, legal implications, and potential outcomes.
It will depend upon how much time your employees spent on making the item. It can also depend upon how much money you spent on the quality of the items to make your product.
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A decision tree will help a manager decide which direction that he will moe the business in. e.g. if a business is looking to expand than they would be able to use a decision tree in order to come to a decision in terms of which direction they will expand in. It looks at the different expansion ideas and looks at the possible outcomes for these. It will however only show financial factors affecting the outcome as it analysis solely financial factors.
the consequences
Leadership style may be dependent on various factors: Risk - decision making and change initiatives based on degree of risk involved Type of business - creative business or supply driven How important change is - change for change's sake Organizational culture - may be long embedded and difficult to change Nature of the task - needing cooperation, direction, structures, factors affecting style