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Merits of centralization?
In centralized organizations managers are in the know. They are aware of things that are going on in the organization because they are a part of the decision process.
What is global planning?
Global planning is when executive managers assesses and organization's options when they are considering going global. During the process they will research risks and threats.
Incident managers being planning for the demobilization process?
Incident managers begin planning for the demobilization process when?
What is the stage of the planning process managers should weigh the advantage's disadvantage's and potential effects of each alternative goal and plan?
Managers should examine alternatives before they determine their course of action. Without examining alternatives they may make a bad decision.
What are the problems managers face in decision making?
Managers often face several challenges in decision-making, including information overload, which can make it difficult to analyze relevant data effectively. They may also encounter time constraints that pressure them to make quick decisions, potentially sacrificing thoroughness. Additionally, conflicting interests among stakeholders can complicate the decision-making process, as managers must balance diverse perspectives and priorities. Finally, uncertainty and risk associated with future outcomes can add complexity, making it harder to predict the consequences of their choices.
What does business decision making process have to do with operation research?
When managers have to make decisions it should be based on thorough research. With operations research, management can implement the best actions based on their research.
What are the steps involved in business research decision making process?
Managers research their options by research alternatives for their solutions. Once they have identified a number of alternatives, they choose the best one for their business.
Where does decision making resides?
Decision making is the final steps before operation and after plan. The management ,managers, high officials usually take part in the process of decision making.
What is the distinction between relevant cost and irrelevant cost?
Relevant cost is that cost which is necessary for the underlying decision in decision making process while irrelevant cost is not necessary to be decision to be made.
Merits of centralization?
In centralized organizations managers are in the know. They are aware of things that are going on in the organization because they are a part of the decision process.
How putting research reports on the web can benefit managers?
Putting research reports on the web can benefit managers by providing easy and immediate access to relevant data and insights, enabling informed decision-making. This online accessibility fosters collaboration and communication among team members and stakeholders, as they can easily share findings and discuss implications. Additionally, having research readily available can enhance transparency and accountability within the organization, as well as keep managers updated on industry trends and best practices. Overall, it streamlines the research process and supports more agile management practices.
What are the characteristics managers?
Management refers to the process of organized activities and groups of people achieving a common objective, such as organizational goals. The process of management involves decision making at all levels.
How is individual decision making an irrational process?
Inevitably irrational, since no individual can have all the information necessary to make a totally rational decision.
What step of the decision-making process should be ongoing throughout the life of the decision?
Evaluation is a step of the decision-making process that should be ongoing throughout the life of the decision. Regularly evaluating the outcomes and impacts of the decision allows for adjustments to be made if necessary, ensuring that the decision remains effective and relevant.
Managerial decision types?
There are two types in connection with the managerial decisions , they are :- 1. Vertical managerial decision , 2. Horizontal managerial decision. 1. Vertical managerial decision this means that the decisions are taken vertically that is from top level to bottom level. The top level managers will take the decisions and pass it towards the middle level and thy will pass it to the bottom level , there will be no consideration for the bottom level managers to play in the decision making process. The power will vested only with top levels. 2. Horizontal managerial decision here the top level managers will consider the ideas and suggesion from the bottom level before taking a decision.
What is global planning?
Global planning is when executive managers assesses and organization's options when they are considering going global. During the process they will research risks and threats.
Incident managers being planning for the demobilization process?
Incident managers begin planning for the demobilization process when?
