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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.
Approval authority for risk decision making must be established and published by whom?
The unit commander Army Safety Office S3 operations officer
How can managers blend the guidelines for making effective decisions in today world with the rationality and bounded rationality models of decision making?
how can managers blend the guidelines for making effective decisions in today's world with the rationality and bounded rationality models of decision-making or can the
Approval authority for risk decision making must be established?
Approval is needed for many risk decisions in the work place. This ensures that protocols are being followed and money is not lost.
What do you mean by trade-offs?
Trade-offs are opportunities one forego in order to pursue a different opportunity. You must consider your trade-offs to make sure you are making the best business decision.
Approval authority for risks decision making must be established and published by the?
Approval authority for risk decision making must be established and published by the Unit Commander in the US Army.
When making ethical desisions the decision maker must always be?
Subjective
Approval authority for risk decisions making must be established and published by?
Approval authority for risk decision making must be established and published by the Unit Commander in the US Army.
What is high involvement decision making?
a high involvement purchase decision is the good which cost is high and have a risk so you must research for it to avoid making the wrong choice.
What medical decision making involves a situation in which the diagnosis and management options are minimal data amount and complexity that must be reviewed are minimal and there is a minimal risk?
Straightforward decision making
What does evelin mean?
Life giving "Hebrew"Very much the individual you have enormous energy and vision and must find a suitable use for your talents. You have great potential for success in business if you can guard against indecision and worry. Your generous nature means that you are never short of friends and with cooperation your relationships can be very rewarding. Perseverance and firm decision making will ensure you achieve your objectives.
Why must economic decision making be efficient?
so that the income or benefits gained than the cost are
What is meant by the word prioritizing?
The term 'prioritizing' is used when making a decision about what one should do first. There must be a decision process regarding what should be done when.
Why is decision making the primary task of the Managers?
Decision Making is the core of planning, managers must make choices of action among alternatives. Managers must make choices on the basis of limited or bounded rationality. That is, they must make decisions in light of everything they can learn about the situation, which may not be everything they should know.
According to the rule in Magic: The Gathering that states creatures must attack if able, how does this impact gameplay strategies and decision-making for players"?
The rule in Magic: The Gathering that creatures must attack if able can impact gameplay strategies and decision-making for players by forcing them to consider when and how to attack with their creatures, as well as how to defend against opponent's attacks. This rule adds an element of risk and reward to the game, as players must weigh the potential benefits of attacking with the potential risks of leaving themselves vulnerable to counterattacks.
The division of governmental power among several institutions that must cooperate in decision-making is known as?
separation of powers
Duties of ias officer?
An IAS officer has several duties that they must perform. Some of the duties are decision making, making and setting plans, and supervise projects.
