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?
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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?
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- How is managerial decision-making different from a multiple-choice test?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.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)?
- list some possible advantages and disadvantages to using computer technology for managerial decisions making ?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?In your own words, differentiate between the types of managerial decisions. Aid your answer by providing an original example for each.
- which theory says that Managers should make decisions that pay attention to the interests of customers, employees and comminuty? a. Shareholder theory b. Stakeholder theory c. Sociology theory d. Economic theoryWhat 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.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?
- "I expect all the managers in my department to act completely rationally in every decision they make", declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. "Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me. I would agree that you may be excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally." "I agree with your idea, Eleanor", said Jill Goldberg, her advertising manager, "and I always try to be rational and logical in my decisions. But would you mind helping me be sure of this by explaining just what 'acting rationally' is?" Questions: 1. Explain how the Vice…I expect all the managers in my department to act completely rationally in every decision they make , declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me. I would agree that you may be excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally.I agree with your idea, Eleanor", said Jill Goldberg, her advertising manager, and I always try to be rational and logical in my decisions. But would you mind helping me be sure of this by explaining just what acting rationally is? Questions: 1. Explain how the Vice President…What are the basic characteristics of managerial decision-making?
