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What are the four criteria managers should consider in evaluating alternative courses of action?
The four criteria managers use are: Legality Economic feasibility Practicality Ethicalness
What is the difference between strategic decision administrative decision and operational decision?
Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.
Which systems are intended to help individual managers in their decision making capability?
Decision Support system
How organizational culture affect managerial decision making?
how does culture effect managers
Lower-level managers typically confront which type of decision making?
programmed
What are the four criteria managers should consider in evaluating alternative courses of action?
The four criteria managers use are: Legality Economic feasibility Practicality Ethicalness
Identify two predictors of future economic activity that are available to managers for decision making?
economic statistic and business confidence indices
What criteria will guide your decision process as you consider your next opportunity?
The best way to make a decision is by performing a loss-profit analysis. Managers and economists know to choose that option which tends to maximize their profit or minimize their loss, relative to the other choices.
How can managers avoid risk in decision making?
can the managers avoid making decisions
Manager who executed a legally sound decision?
Managers who executed a legally sound decision
What is the importance of financial statement to the managers?
to make a decision
HRM affect all managers?
Yes, indeed HRM affects the decision making of all the managers.
What is the difference between strategic decision administrative decision and operational decision?
Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.
Which systems are intended to help individual managers in their decision making capability?
Decision Support system
How should managers monitor the progress of decision implementation?
Managers should monitor the progress of decision implementation by watching productivity. If productivity increases, then they have likely made the right decisions.
How does marketing research aid marketing managers in decision making disscuss with suitable example?
Marketing Research aid Marketing Managers in decision making . Discuss with suitable examples?
What jobs are available in retail marketing?
Typical jobs are as buyers, sales managers, department managers, and store managers.
