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Why do you think some chief executive office fail to use strategic-management approach to decision making?
Some chief executive officers may fail to use a strategic-management approach due to a focus on short-term results rather than long-term planning, often driven by pressures from stakeholders or market conditions. Additionally, a lack of understanding or appreciation for the strategic management process can lead to inadequate decision-making frameworks. Organizational culture may also play a role, where a reactive mindset prevails over proactive strategic thinking. Finally, resource constraints or a rapidly changing environment can hinder the ability to implement a comprehensive strategic approach.
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The approach to decision making that identifies candidates with the highest scores based on quantitative predictors is the?
Statistical Approach
What is the benefit of using strategic management approach in decision making?
list the benfit of using a case management approach to the organisation
What are the differences between a predictive and adaptive approach in problem-solving and decision-making?
In problem-solving and decision-making, a predictive approach involves using existing data and patterns to forecast outcomes, while an adaptive approach involves adjusting strategies based on real-time feedback and changing circumstances.
Describeing the role of subordinates in decision making is known as?
Describing the role of subordinates in decision-making is known as "participative decision-making" or "shared decision-making." This approach involves engaging employees at various levels in the decision-making process, allowing their input and perspectives to inform outcomes. It fosters collaboration, enhances commitment, and can lead to more effective decisions by leveraging diverse viewpoints and expertise.
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.
Why are decision support systems suited for executive decision-making?
Decision support systems suited for executive decision-making as they are designed to analyze all aspects of data provided. This will help in making key managerial decisions.
How academic reports help in executive decision making?
academic report help in executive decision making,justify the statement in around 80 word ?
What is a decision-making approach in which group decision makers are geographically dispersed throughout the country or the world?
delphi approach
Who helps the president in decision and policy making?
the executive branch
Quantitative approach in decision making?
answer question introduction to management science quantitative approaches to decision making
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 structure decision?
Structural decision making or SDM is an organized approach to identifying and evaluating creative options and making choices in complex decision situations.
Which methods for decision making without probabilities best protect the decision maker?
The conservative approach
What are the benefits of adopting a principled approach in decision-making processes?
Adopting a principled approach in decision-making processes can lead to more ethical and consistent outcomes. It helps in maintaining integrity, building trust, and making decisions based on values rather than personal biases. This approach can also enhance accountability and promote fairness in decision-making.
What are some benefits to using stakeholder approach in ethical decision making?
identify the benefit of using stakeholders approach in ethical making
What are the differences between a bottoms up approach and a top down approach in decision-making processes?
A bottoms-up approach in decision-making involves gathering input and ideas from lower-level employees or departments before making a decision. A top-down approach, on the other hand, involves decisions being made by higher-level management and then communicated down to lower levels.
The approach to decision making that identifies candidates with the highest scores based on quantitative predictors is the?
Statistical Approach
