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When is the logical incrementalism mode of decision making more appropriate?
Wiki User
∙ 8y ago
logical incrementalism
Wiki User
∙ 8y ago
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What is Two major models of decision-making?
the major model of decision making that assumes the decision maker will be rational, systematic, and logical in assessing each alternative is rational economic model.
What are the six stages of investment decision making process?
with the aid of appropriate diagrams, explain the six stages of investment decision making process
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 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
What characterizes the budget-making process?
Incrementalism
What characterizes the budget making process?
Incrementalism
Who characterizes the budget making process?
Incrementalism
Is CU is responsible for decision making IN COMPUTER?
CU is not responsible for decision making, It is only responsible for how fast the computation is performed. For decision making need logical operations and for that we've some software program which perform logical operations which does decision making.
Why do humans make logical errors in problem solving and decision making?
humans do logical errors in problem solving and decision making because of non-existence of sufficient ....WISDOM.
Examples of classical and administrative models of decision making in any industry?
There are classical, administrative, and political models of decision making. Making a decision requires the use of logical selection based on facts.
Where is probability used in everyday life?
Logical decision making. Gambling. Odds.
What are the strengths and weeknesses of behavioral and logical decsion making styles?
The strengths of logical decision making styles are using rational thoughts and actions to make the decisions. The weakness of logical decision making is that the behavioral aspect is not incorporated into the decisions. The strength of behavioral decision making is the fact that decisions are based off of actions and behavior rather than 100 percent rational. The weakness to the behavioral decision making style is that logic and rational are needed in most all decisions made for certainty.
What is Two major models of decision-making?
the major model of decision making that assumes the decision maker will be rational, systematic, and logical in assessing each alternative is rational economic model.
What are the six stages of investment decision making process?
with the aid of appropriate diagrams, explain the six stages of investment decision making process
What leadership theory uses a a decision tree to determine the appropriate level of participation by subordinates in decision-making?
fielders
What leadership theories uses a decision tree to determine the appropriate level of participation by subordinates in decision-making?
fielders
