Could automated evidence-based management ever replace human decision makers? Why, or why not?
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- Could automated evidence-based management ever replace human decision makers? Why, or why not?
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- What are the ethical challenges and responsibilities associated with management, and how do they impact decision-making?How does transparency in decision-making contribute to employee empowerment?From then below, how would you approach the decision making? The Hydro-Electric Company (HEC) has three sources of power. A small amount of hydroelectric power is generated by damming wild and scenic rivers; a second source of power comes from burning coal, with emission that creates acid rain and contributes to global warming; the third source of power comes from nuclear fission. HEC's coal-fired plants use obsolete pollution-control technology, and an investment of several hundred million dollars would be required to update it. Environmentalists urge HEC to promote conservation and purchase power from suppliers that use the cleanest fuels and technology. However, HEC is already suffering from declining sales, which have resulted in billions of dollars invested in idle equipment. Its large customers are taking advantage of laws that permit them to buy power from lower-cost suppliers. HEC must cover the fixed cost of idle capacity by raising rates charged to its remaining customer or…
- What are the key elements of effective decision-making, and how can managers develop the skills required to make sound decisions in a wide range of contexts?What are the ethical considerations in management decision-making, and how do they influence the reputation and success of an organization?Explain the difference between programmed and non-programmed decisions. Give one example of each.
- Explain with relevant workplace examples the role of management and decision-making processes and how these roles contribute to the success of an organisation.ethical code guide the behaviour of managers in a decision-making scenario. In the light of this statement dicuss the role and relevance of managerial ethics .Why are decision mistakes, usually accepted in organizations, penalized in university courses and exams that are designed to train managers?