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The three elements of decision are;
1) Ability
2) Will
3) Knowledge
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∙ 11y ago
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Issues in strategic decision making?
§ A company would have different people in decision making at different periods of time. Decision often require judgments and thus is important to note that the person related factors are important in decision making and the decision make differ as that person changes. § Again an individual does not take decisions alone. But often there is rumble in decisions, which could be between individual and group decision making. The decision taken by the group could be different from those that may be taken by the individual themselves. § The company would need to decide on what criteria it should make its decision. Thus it need a process of objective setting, which serve as benchmarks for evaluation of the efficiency and effectiveness of the decision making process. There are three major criteria in decision making- the concept of maximization, - the concept of satisfying, -the concept of instrumentalism. Based on the chosen concept, Strategic decisions will differ. § It is assumed that decision making is logical and thus there will be rationality in the decision making. In the context of Strategic decision making, it means that there would be a proper evaluation and then exercising a choice from among various alternative courses of action in such a way that it may lead to the achievement of the objectives in the best possible manner. § As the situations are complex, straightforward thinking may not be effective. Creativity in decision making may be needed, thus the decision must be original and different. But also based on situation and circumstances there could be variability in decision making.
What are the three main decision areas in business finance?
The three main decision areas in business finance are:Investment decision,Financing decision and Dividend decision
March and Simon developed three important concepts in their administrative model of decision making. What are the 3 concepts?
Rational, Bounded Rationality, and Intuition
What are three steps in financial decision making?
1) Prepare a budget 2) Analyze/Evaluate the budget 3) Make adjustment if needed
Financial managers must focus on?
Integrate all three above to provide excellence in decision support
What are the 3 elements of a moral decision?
The three elements of a moral decision are: 1) Object 2) Intention 3) Circumstances For an act to be morally good, the object, intention, and circumstances must be good.
What are the three styles of decision making?
impulsive and rational
What are the three elements of religion based on the writings of Emile Durkheim?
The three elements of religion according to Emile Durkheim are beliefs, practices, and sacred objects. Beliefs refer to shared ideas and values within a religious community. Practices involve rituals and ceremonies that reinforce these beliefs. Sacred objects are items or symbols that hold special significance within the religion.
What are the three functions of the forebrain?
If you mean the frontal and prefrontal cortex, they are used mostly for higher level thinking such as critical thinking, moral compass, decision making, and other things that require a higher level of analysis.
How can you use information systems to assist in decision making?
three dimensions of data
What are the three levels of decision making?
1. Risk 2. Capital 3. Resources
What are three examples of moral development?
Lawrence Kohlberg's stages of moral development, which propose that individuals progress through six stages of moral reasoning from pre-conventional to post-conventional levels. Carol Gilligan's theory of moral development, which focuses on how moral reasoning differs between men and women, highlighting the importance of care and relationships in moral decision-making. Jean Piaget's theory of moral development, which emphasizes how children's moral reasoning progresses from a heteronomous stage, where rules are seen as fixed and externally imposed, to an autonomous stage, where rules are seen as flexible and internally based.
How to make decision making statements in c plus plus?
Decision making statements make use of conditional expressions. In C++ there are three possibilities: if/else, switch/case and the ternary operator (?:).
What is a moral stance?
A Moral stance is your attitude or view point that helps you make a decision. That decision can be based on three things: Religious Authority - following what you religion advices you to do. Egoism - Doing what is best for yourself. Utilitarianism - Doing what is best for the majority of people, but not all.
When to use of three types of decision making?
When you are in an accident or when you are making a choice. Also when yiu decide what is right or wrong. So make the right one.
What are the three factors of coding?
If you are referring to E/M coding, it would be History, Exam and Medical Decision Making.
What are some approaches to strategic decision making?
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.
