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The ability to make good decisions is the key to successful managerial performance. Discuss
the common elements shared by all decision-making processes. Provide a real-world example
to elaborate your answer.
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Solved in 2 steps
- Discuss the different roles played by the quantitative and qualitative approaches to managerial decision making.Why is it important for a manager or decision maker to have a good understanding of both of these approaches indecision making?Is it possible to make sound managerial decisions without business research? What advantages does research offer to the decision maker over seat-of-the-pants decision making?list some possible advantages and disadvantages to using computer technology for managerial decisions making ?
- What are the implications for a manager of making decisions without considering the components of the management process? When answering you must:to. Explain what the decision-making process consists of.b. Establish the parts that make up the administration process and how these impact the decision making of a manager in an organization.Managerial decision making is an important process in organizations. For this week discussion, list and discuss any two kinds of decisions that private- and public-sector managers face. What is the problem the manager faces? Who is the decision maker? What is the decision setting or context, and how does it influence managerial objectives of the organization?In your own words, differentiate between the types of managerial decisions. Aid your answer by providing an original example for each.
- What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniquesWhat is the everyday life of a manager/leader like - their decision-making environment? What are the decision conditions like? What kinds of issues are faced? What are the bases (approaches/frameworks/etc.) that managers actually used to make business / personal decisions? What's an appropriate decision-making process to deal with these complexities?what is the difference between performance management and evidence-based management? please provide one example of each type of management >? please define incrementalism and explain how it explains organizational decision-making?
- How using social media platforms you will be getting maximum benefits for decision making? What social media strategy you will be using for the growth of your organization? Explain how balanced score card pay an important role to achieve highest possible ROI?Stephanie is trying to employ the normative decision model to assist in making leadership decisions. Based on the model, which quality helps her select the better alternative between a better or worse alternative?Q1- “Too many managers today have forgotten that work should be inspiring and fun and are too out of touch with what makes people productive”. How would you respond to this assertion? Q2- What are the steps of effective decision making? Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions? How can managers improve their decision making skills?