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Why is experience often referred to not only as an expensive basis for decision making but also a dangerous onehow can a manager make the best use of experience?
Well, honey, experience can be a double-edged sword. It's expensive because it often comes from making costly mistakes, and dangerous because some folks get stuck in their old ways. A savvy manager can make the best use of experience by balancing it with fresh perspectives, staying open to new ideas, and continuously adapting to changing circumstances.
What else can I help you with?
The type of information system that provides interactive and ad hoc support for decision making to end user managers is referred to as a?
decision reporting system
The problem confronting the decision maker is typically referred to as the?
The problem confronting the decision maker is typically referred to as the "decision problem" or "decision-making problem." This encompasses the challenges or uncertainties that require a choice among alternatives to achieve a desired outcome. It involves identifying the issue, assessing available options, and evaluating potential consequences. Effective decision-making often requires analyzing data, considering risks, and aligning choices with strategic goals.
What are the advantages of Decision supporting system?
Decision support systems, commonly referred as DSS, are interactive software-based systems that supports managers in decision making. Their advantages include, enhance effectiveness in decision making, saves time, provide new insights, improves interpersonal communication, provide competitive advantage, encourages learning or training, increase decision maker satisfaction, cost reduction, helps automate managerial processes, and increase organizational control.
In the decision support model which step involves gathering information and looking for potential causes?
In the decision support model, the step that involves gathering information and looking for potential causes is typically referred to as the "Diagnosis" or "Problem Identification" phase. During this stage, relevant data is collected, and potential factors contributing to the issue are identified and analyzed. This foundational step is crucial for developing effective solutions and ensuring informed decision-making.
Is a situation where a manager has the ability to make accurate decision because the outcome of every alternative is known?
Yes, a situation where a manager can make accurate decisions because the outcomes of every alternative are known is referred to as a "certain environment." In this scenario, the manager can evaluate all possible options and their consequences, leading to optimal decision-making. However, such situations are rare in practice, as uncertainty and unpredictability often characterize real-world decision-making.
What is another term for decision making?
Decision making, also referred to as problem solving
The uncertainty associated with decision making is referred to as?
Risk
What is it called when a decision in a trial is made?
The decision of a judge or court is called a ruling.AnswerIts also referred to as a verdict.
What is a right is granted by a supreme court it is usually referred to?
landmark decision
Evaluating on or more alternatives described by probailistic data is referred to as?
decision theory?
The type of information system that provides interactive and ad hoc support for decision making to end user managers is referred to as a?
decision reporting system
Alternative to imposing a treatment when it may be too dangerous time consuming or expensive called?
The alternative to imposing a treatment that may be too dangerous, time-consuming, or expensive is often referred to as "watchful waiting" or "active surveillance." This approach involves closely monitoring a condition without immediate treatment, allowing for intervention only if the situation worsens or if symptoms develop. It is commonly used in cases like certain cancers or chronic conditions where immediate treatment may pose more risks than benefits.
The problem confronting the decision maker is typically referred to as the?
The problem confronting the decision maker is typically referred to as the "decision problem" or "decision-making problem." This encompasses the challenges or uncertainties that require a choice among alternatives to achieve a desired outcome. It involves identifying the issue, assessing available options, and evaluating potential consequences. Effective decision-making often requires analyzing data, considering risks, and aligning choices with strategic goals.
What is a person without training or experience named after a color?
Sometimes a person without experience or training is referred to as being "green".
What do you call a person with no experience?
A person with no experience is often referred to as a novice or a beginner.
What is referred to as buying when a decision to to buy is made suddenly called?
impulse purchase or impulse buying
What is another word for sharing experience?
Another word for sharing experience is mentoring. Sharing experience can also be referred to as teaching, counseling, or even advising.
