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.
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.
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There are three major approaches to strategic decision making in business. The first is intuition, or making decisions on a hunch or with your 'gut'. The second is a small group process, where 3-4 people combine to hash out a decision. The last approach is through analytics. That is the process of letting data and research dictate a choice.
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.
identify problems
"do you know your enemy?" - Green Day
pick a strategic decision of a business organization you are familier with and describe its key process features. Discuss what activities were performed and who were peopleinvoled in the process. Critically evaluate the major influencess and its final outcomes.
With a partnership you don't have to stress over every decision. You and your partner can share the decision making process.
The nature and characteristics of the business market, the types of consumers, the different buying situations that occur in businesses and organizations, who is involved in the decision-making process and the business-to-business buying process
research based approach to marketing
OSS operation support system process data generated by business process system which involves the telecommunication network including VOIP, broadband, bill generation etc. IT has 3 partsTPS (transaction process system)PCS (process control system)OAS (office automation system)While Management support system :- it provides information and support, needed for effective decision making by managers.MIS (management information system)DSS (decision support system)EIS (executive information system)By:-Meetanshu Mittal