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Decision making is part of life in everybody's day to day life. For managers, decision making is one of the primary tasks. Management comprises of the following tasks : POSDCORB - Planning, Organizing, Staffing, Directing, Co-ordinating, Reporting and Budgeting. Management is a dynamic process. In very process, the decision of a manager has the impact on the result. Managemnet is a social organ, the decision by the manager affects the society as a whole. A manager needs to take decision on so many circumstances like under certainity and uncertainity. Every decision he makes has the consequences on the development of the company.
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Decision making is the primary task of the manager Comment?
decision making is the primary task of the manager,comments?
How can managers avoid decision making?
Decision making is an essential part of being a manager in any industry. It would be impossible for a manger to not make a single decision while being a manager.
When would Permanent current assets not be a factor in a manager's decision making process?
When they are long term in nature
Discuss the relationship between financial and decision making and risk and return would all financial manageres view risk return tradeoffs similarly?
there is a direct relationship between financial decision making and risk and return. each financial decision made by the financial manager will have implication for the overall risk of the firm and its potential returns. All financial decisions are ultimately subjective in nature regardless of the amount of objective information collected as part of the decision making process. as a result, not all financial managers view risk return trade offs similarly. however it is expected they such decision making will be consistent with the goal of the investors that the financial manager represents. good luck......
What are the Advantages and disadvantages of paternalistic leadership?
Advantages: Manager involves employees in decision making, manager provides feedback and answers Questions, manager meets employees social needs. These elements will keep the employees satisfied and motivated. Disadvantages: If wrong decision are made then the employees will become dissatisfied with the leader, employees rely on leader, team become competitive Great Answer Report
Decision making is the primary task of the manager Comment?
decision making is the primary task of the manager,comments?
Decision making is the primary task of the management?
Decision making is one of the many tasks of a manager. They are usually the final decision maker in most situations. They are responsible for making sure everyone under them is doing their job and is trained as well.
When a problem becomes apparent and the manager chooses to ignore it is he making a decision?
Yes, as manager he or she is making a decision and is responsible for the outcome.
Can manager avoid making decision?
Decision making is an essential part of being a manager in any industry. It would be impossible for a manger to not make a single decision while being a manager.
What is centralized decision making?
Centralized decision making is whereby a top manager retain most decision- making power to him/her self.
What are the economic tools of managerial decision making?
what are the economic tool which help manager in decision making
How can managers avoid decision making?
Decision making is an essential part of being a manager in any industry. It would be impossible for a manger to not make a single decision while being a manager.
How do the cost relationships and behaviors at Guillermo determine decision-making prerogatives for the manager?
How do the cost relationships and behaviors at Guillermo determine decision-making prerogatives for the manager?
What is a democratic manager?
A democratic manager consults its members of staff in the decision making of an organization.
Can the engineer manager avoid making management decision Why or why not?
playwrights
What are the functions of an operations manager?
planner and guide the system by decision making.
What is the difference between an open decision making system and a closed decision making system?
A. Closed decision making system:If the manager operates in a known environment then it is a closed decision making system. The conditions of the closed decision making system are:(a) The manager has a known set of decision alternatives and knows their outcomes fully in terms of value, if implemented.(b) The manager has a model, a method or a rule whereby the decision alternatives can be generated, tested, and ranked.(c) The manager can choose one of them, based on some goal or objective.A few examples are:a product mix problem,an examination system to declare pass or fail, oran acceptance of the fixed deposits.B. Open decision making system:If the manager operates in an environment not known to him, then the decision making system is termed as an open decision making system. The conditions of this system are:(a) The manager does not know all the decision alternatives.(b) The outcome of the decision is also not known fully. The knowledge of the outcome may be a probabilistic one.(c) No method, rule or model is available to study and finalize one decision among the set of decision alternatives.(d) It is difficult to decide an objective or a goal and, therefore, the manager resorts to that decision, where his aspirations or desires are met best.Deciding on the possible product diversification lines, the pricing of a new product, and the plant location, are some decision making situations which fall in the category of the open decision making systems. by prerna
