If managers frequently use experience and intuition to make complex, non-programmed decisions, how do they apply evidence-based management (which seems to suggest that managers should rely on facts and data)?
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If managers frequently use experience and intuition to make complex, non-programmed decisions, how do they apply evidence-based management (which seems to suggest that managers should rely on facts and data)?
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- 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 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.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.
- Would top managers or first-line managers typically have more or less of the information they’d like to have for the decisions they need to make? Why?The expression bounded rationality means a the cognitive limitations exist for human beings b that our understanding of complex situations is bounded by our personal anxieties c that no real rationality exists because we suffer from many psychological biases d that many strategic decision are taken. By noodle managers who lack the intelligence and imagination of top managersIn not more than 150 words, respond to the reflective question. All management decisions consider quantitative information (factors which can be measured in numerical terms such as cost implication and change in profitability) and qualitative information (those that are difficult to measure in numerical terms such as satisfaction, business relationships, and morale). If you are given a task to weight factors for decision making, how much of 100% will you allocate to quantitative information and to qualitative information? Give a sample decision and the factors/criteria which should be considered.
- 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?When conducting an external evaluation of an organization how does leadership manage the scope in which they evaluate for an external analysis? Keep in mind an external environment could theoretically be all other health care organizations in the world, we need a clear scope. What additional challenges might leadership see when conducting an internal and external analysis for an organization?In your own words, differentiate between the types of managerial decisions. Aid your answer by providing an original example for each.
- Can intuition and evidence-based decision making coexist as valid approaches within an organization? How might managers combine their intuition with a rational, data-driven, evidence-based approach?How does the photo relate to something found in the Mikael Krogerus and Roman Tschäppeler, The Decision Book: Fifty Models for Strategic Thinking (Fully Revised Edition),pp. 5-82? Each entry should be G-rated. Creativity and humor are welcome.Explain whether management is a science or art. Justify your views with the theory postulated by John Harvey-Jones."The diffuculty is that there can never be any single correct solution to any management problem, or any all-embracing system which will carry one through a particular situation or period od time" - john harvey-jones