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What is a decision making model?

Decision Making is a basic function of manager, economics is a valuable guide to the manager. There are basically two major models of decision-making - the classical model and the administrative model. The classical model of decision making is a prescriptive approach that outlines how managers should make decision. Also called the rational model, the classical model is based on economic assumptions and asserts that managers are logical, rational individuals who make decision that are in the best interest of the organization. The Administrative model of decision making is a descriptive approach that outlines how managers actually do make decisions. Also called the organizational, neoclassical, or behavioral model, the administrative model is based on the work of economist Herbert A.


An owner of a corporation is known as?

The owner of a corporation is the stockholders. http://www.investorwords.com/4735/stockholder.html Certain types of corporations Specifically "Closed Corporations" - while still technically being called shareholders - are owned and ran by a selected few individuals. There are few rules as to who can hold stock in a company. So OWNERS can be anyone from 1,000's of everyday people or 1 or 2 individuals (even businesses) that own all the stock and therefor the company.


What is the leader of a company called?

CEO


What is the person called that directs a fashion show?

In an important (S/S, S/F, etc.) Big Designer show, he's called the Floorman A little guy might direct it himself In between, he's called a Director


Explain why the strategic management class is often called a capstone course?

- Explain why the strategic management class is often called a " capstone course "