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 in decision making?
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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 in
decision making?
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- How is managerial decision-making different from a multiple-choice test?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?What 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?
- According to this case study, what are the CEO bias's that may have entered the decision making process?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.What are the four personal decision styles used by managers? 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 techniques.
- 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?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?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.
- How does effective decision-making contribute to managerial success, and what factors should managers consider when making important business decisions?Discuss Situational Leadership of Jeff Bezos. Make sure to include the following aspects:• Describe one organizational decision that Jeff Bezos has had to make (this excludes personal decisions such as resigning or managing personal funds). Explain exactly what was the situation, and what needed to be decided regarding the organization?• Now, pretend that Jeff Bezos did not take the decision yet, which decision-making style would you recommend him to apply? And why?• Do you believe that the leadership style of Jeff Bezos is quite consistent (stable, not changing much over the years) or contingent (changing depending on the situation at hand)? Provide one argument/example to support your opinion.list some possible advantages and disadvantages to using computer technology for managerial decisions making ?