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i am trying to figure this out as well, as this probably will be one of the questions during marketing exam ...

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What is skills of management?

Management skills help to avoid the crisis situations where you have to do "whatever it takes to stay afloat". The basic management skills include problem solving and decision making, planning, delegation, communications and managing yourself.


What is Management Science Theory?

Management Science Theory gives a quantitative basis for decision making. It specially deals with the development of mathematical models to aid in decision making and problem solving. This theory holds that managing is a logical and rationale process, so it can be expressed in terms of mathematical models.


What are the disadvanteges of participative management style?

The answer depends on how is participative management defined, I assume you mean the style where decision-making is more inclusive and leaders/managers incorporate employees' thoughts, ideas and contributions into overall decision. Here are some disadvantages to keep in mind: 1. Decision-making process can be very slow. This of course depends on what form of participative management is being practiced; if everything requires consensus or majority, speed of decision can be huge problem, and sometimes decisions will not be made at all. 2. It is easy for leaders to abdicate their responsibility in this model because participative management can easily degenerate into decision-by-committe. 3. Decisions can be sub-optimal in many cases if the focus is on remaining participative (and inclusive) and not on making right decision. Here is a good link on this: Participative


Which systems helps you with making a decision about a nonstructured problem?

Decision support system


Is risk management used before or after a problem occurs?

Risk Management planning is included in the Project Planning phase, and Risk Management is applied during the project, it can be preemptive (contingency management) to prevent the problem from occurring or reactive when the problem happens.Short answer is both.

Related Questions

What is the management decision problem?

disadvantage ofsport


What is the management decision problem facing Nike as it attempts to restart itself?

zfgdfg


What role do cross cultural communication cooperative decision making and collaborative problem solving play in multinational corporation management?

1. What role do cross-cultural communication play in multinational corporation management ? 2. What role do cooperative decision-making play in multinational corporation management ? 3. What role do collaborative problem-solving play in multinational corporation management ?


What is skills of management?

Management skills help to avoid the crisis situations where you have to do "whatever it takes to stay afloat". The basic management skills include problem solving and decision making, planning, delegation, communications and managing yourself.


What is the decision making process?

It is rightly said that the first important function of management is to take decisions on problems and situations. Decision-making pervades all managerial actions. It is a continuous process. Decision-making is an indispensable component of the management process itself.Drucker recommended the scientific method of decision-making which, according to him, involves the following six steps:Defining / Identifying the managerial problem,Analyzing the problem,Developing alternative solutions,Selecting the best solution out of the available alternatives,Converting the decision into action, andEnsuring feedback for follow-up.


What has the author Kenneth A Halstead written?

Kenneth A. Halstead has written: 'From stuck to unstuck' -- subject(s): Negotiation, Problem solving, Conflict management, Church controversies, Decision making, Church management


What is management science?

Management Science Theory gives a quantitative basis for decision making. It specially deals with the development of mathematical models to aid in decision making and problem solving. This theory holds that managing is a logical and rationale process, so it can be expressed in terms of mathematical models.


What is Management Science Theory?

Management Science Theory gives a quantitative basis for decision making. It specially deals with the development of mathematical models to aid in decision making and problem solving. This theory holds that managing is a logical and rationale process, so it can be expressed in terms of mathematical models.


Is knowledge management a management philosophy?

Yes, knowledge management is a management philosophy that focuses on organizing, creating, sharing, and utilizing knowledge within an organization to improve decision-making, problem-solving, and overall performance. It emphasizes the importance of capturing and leveraging knowledge as a valuable strategic asset.


What is the complexity of the vertex cover decision problem?

The complexity of the vertex cover decision problem is NP-complete.


What are the skills of Storekeeper?

There are many different skills of a storekeeper. Some of these skills include critical thinking, coordination, service orientation, management, decision making, and complex problem solving.


What are the contribution of Socrates san tzu to management?

Socrates emphasized critical thinking, questioning, and dialogue as essential tools for effective decision-making and problem-solving in management. Sun Tzu's "The Art of War" provides insights on strategy, leadership, and conflict resolution that can be applied to business management, emphasizing the importance of planning, adaptability, and understanding the competition. Both philosophers contribute valuable perspectives on leadership, decision-making, and effective communication in the field of management.