1. Risk
2. Capital
3. Resources
The three decision-making methods differ in their approach and speed. Rational decision-making involves evaluating alternatives based on logic and rationality. Intuitive decision-making relies on gut feelings and past experiences. Behavioral decision-making considers cognitive biases and emotions in the decision-making process.
The three elements of decision are; 1) Ability 2) Will 3) Knowledge
impulsive and rational
Decentralizing
Centralization is the process where the concentration of decision making is in a few hands. It is the consistent reservation of authority. Decentralization, on the other hand, is a systematic delegation of authority at all management levels.
The levels of Management Information Systems (MIS) are operational, tactical, and strategic. Operational MIS supports daily decision-making at the operational level, tactical MIS aids middle management in short-term planning and decision-making, and strategic MIS assists top management with long-term strategic planning and decision-making.
The hierarchical structure of the church is typically organized with a top leader, such as a pope or bishop, overseeing lower levels of clergy and laity. This structure impacts decision-making by centralizing authority and power at the top, with decisions often flowing downward from leadership to lower levels. This can lead to a more centralized decision-making process and potentially limit input from lower levels of the organization.
A hierarchy includes different levels of authority or importance within an organization or system. Each level has its own set of responsibilities and decision-making power, with higher levels typically having more authority than lower levels. Hierarchy helps to establish clarity in reporting relationships and promote efficient communication and decision-making.
The PSO spectrum consists of three main elements: authoritative, collaborative, and consultative approaches. These elements represent different levels of participation, decision-making, and autonomy within an organization.
three dimensions of data
A top-down approach in decision-making involves starting from a higher level of authority or management and cascading decisions down to lower levels. In contrast, a bottoms-up approach involves gathering input and ideas from lower levels of an organization before making decisions. The key difference lies in where the decision-making process begins and how information is gathered and utilized.
Definitely. However, if though sufficient decentralization, decision-making is allowed to take place at the lower levels of management (closer to the performance of work), such delays can be minimized.