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What is multifactor Decision making?
A decision- making technique in which individuals subjectively and intuitively consider the various factors in making their selection is known as multifactor decision making.
What does consensual decision-making mean?
what does consensual decision making mean
Advantages of cross functional team?
Having a cross functional team in your organization will help the organization when employees stay out of work. With more people trained to share jobs, any employee can fill in for an absent employee.
What can be defined as the art and science of formulating implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?
The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives is known as strategic management. It involves integrating insights from various departments to create cohesive strategies that align with the organization's goals. This process encompasses analysis, decision-making, and performance assessment to ensure effective resource allocation and long-term success. Ultimately, strategic management aims to foster adaptability and competitive advantage in a dynamic business environment.
What is structured decision making?
Structural decision making or SDM is an organized approach to identifying and evaluating creative options and making choices in complex decision situations.
What is Cross functional decision?
cross functional decision making describes decisions for a common goal by integrated units of organization
What are the disadvantages of cross functional working?
Disadvantages of cross functional working include potential for conflict due to different perspectives and priorities, challenges in communication and coordination among team members from different functions, and slower decision-making process as multiple stakeholders need to be consulted.
What are the benefits of cross functional systems?
Cross-functional systems allow for increased collaboration and efficiency across different departments or functions within an organization. They promote transparency, communication, and the sharing of resources and information. This can result in faster decision-making, improved problem-solving, and a more cohesive and agile workforce.
What are the advantages of functional structure?
-delay in decision making - inter dependent factor Save
Which characteristic denotes empowerment?
Decision-making power is held in the functional staff manager
Why is there a strong trend towards cross-functional integrated?
Cross-functional systems offer time, cost, and quality savings compared to manually re-entering data from one business function system into another system in a non-integrated environment. It also provides managers with faster access to relevant information to enable better decision making.
Critically assess the role of managerial economics as a cross functional managerial decision tool?
do your own research dude! sickeez!
Why is there a strong trend towards cross functional integrated enterprice system?
Cross-functional systems offer time, cost, and quality savings compared to manually re-entering data from one business function system into another system in a non-integrated environment. It also provides managers with faster access to relevant information to enable better decision making.
What are the different types of team structures and how do they impact the overall performance of a team?
There are various types of team structures, such as functional, cross-functional, self-managed, and virtual teams. Each structure impacts team performance differently. Functional teams focus on specific tasks, cross-functional teams bring together diverse skills, self-managed teams have autonomy, and virtual teams work remotely. The structure chosen can affect communication, collaboration, decision-making, and overall effectiveness of the team.
Why is there a trend towards cross functional integrated enterprise system in business?
Organizations view cross-functional enterprise systems as a strategic way to use IT to share information resources and improve the efficiency and effectiveness of business processes, and develop strategic relationships with customers, supplioers, and business partners.
How is cross functional team work related to interaction among departments?
In business, a cross-functional team is a group of people with different functional expertise working toward a common goal. It may include people from finance, marketing, operations, and human resources departments. Typically, it includes employees from all levels of an organization. Members may also come from outside an organization (in particular, from suppliers, key customers, or consultants). Cross-functional teams often function as self-directed teams responding to broad, but not specific directives. Decision-making within a team may depend on consensus, but often is led by a manager/coach/team leader.
Cross matrix comparison to determin a risk level?
A good decision making system will
