the 3 Hierarchies are top tier visionaries, middle tier standarised decison makers and the base tier intuitive decision maker. Explain them and explain which level of these has the best chance of success and why? need to know advantages
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the Hierarchy of the information- based business decision makers.
Which level has the best chance of success and why?
the 3 Hierarchies are top tier visionaries, middle tier standarised decison makers and the base tier intuitive decision maker.
Explain them and explain which level of these has the best chance of success and why? need to know advantages as well please
Thank you.
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Solved in 3 steps
- True or False. __________2. Only professionals can do strategic analysis. __________3. There are practical situations that call for the use of intuitive thinking . __________4. While intuitive thinking looks within the “self,” strategic analysis looks beyond it. __________5. There is no good-for-all basis for decision-making.1. What are structured, unstructured, and semistructured decisions? Provide an example of each. Why is it important to understand the structure of decision-making when solving business problems?Why is decision making often described as the essence of a manager’s job?Is there a difference between wrong decisions & bad decision?Why do good managers sometimes make wrong decision? Bad decision?How can managers improve their decision-making skills?
- Next, I want you to identify which of the bases for decision-making is described in the following statements. Write SA for strategic analysis and IT for intuitive thinking. __________1. Approximating based on the dictates of the innermost self. __________2. Processing facts and making sense out of them. ______3. Doing a few leaps of thinking before lifting a foot for a step. __________4. Mapping out all possibilities. __________5. Immediately responding to circumstantial stimulus.In 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.Q1. List the factors that influence managers’ decision-making processes in an organization, in situations where the assumptions of perfect rationality do not apply. Q2. Discuss briefly three (3) ways that your institution and leaders/managers in the sector in which your organization is categorized have adapted to the present environment (Pandemic). Q3. Identify and discuss briefly four (4) common errors that may be committed in the decision-making process.
- What are the challenges experienced by student-athletes? Is it a quantitative approach? True or False. What are the factors that affect the decision-making of parents regarding the education of their children? Is it a quantitative approach? True or False. What are the features of narcissistic posts on Facebook? Is it a quantitative approach? True or False.1) What are the key decisions that Andrew Mason has made during Groupon's brief history? How have these decisions influenced Groupon's evolution as an Internet-based business? 2) How can I describe the decisions identified in my previous questions ask in terms of programmed and non programmed decision making? 3) How can I describe the decisions in terms of the rational, bounded rationality, and garbage can models of decision making? 4) How, if at all, has creativity and intuition played a role in the decisions to found and rapidly expand Groupon? 5) Suppose i think the market for group-based online coupons has great potential, and you desire to enter the competitive fray, what factors would i consider in deciding whether to come a Groupon competitor?Strategic management serves as a cutting edge for the entire management process. Without it organizational members would be working at cross purposes. It provides strategic orientation which encourages farsightedness among organizational members facilitating greater teamwork and cooperation. Discuss why situational analysis is imperative in strategic management. Highlight the prominent benefits of strategic planning. Given the many factors associated with decision making, suggest and explain two ways to deal with complex problems.
- Decision making is a fundamental management function. In the light of this statement, define and explain, with examples, all the views on how managers make decisions. Answer this question in not more than 400 wordsEffective planning case studies often illuminate the dynamic interplay between theoretical frameworks and real-world challenges. These studies encapsulate the essence of decision-making processes, showcasing the importance of thorough analysis, stakeholder engagement, and scenario planning. Both triumphs and setbacks, they provide a roadmap for understanding the multifaceted nature of planning, highlighting the need for flexibility in the face of unforeseen circumstances. Furthermore, planning case studies can serve as a catalyst for innovation, encouraging organizations to rethink traditional approaches and embrace adaptive strategies. They underscore the significance of continuous evaluation and feedback loops in the planning cycle, emphasizing that successful outcomes are often contingent on an organization's ability to learn from both triumphs and failures. How can organizations strike a balance between adhering to established planning methodologies and embracing the flexibility…What are various steps in decision-making? Discuss each step in detail keeping in view a hypothetical business plan in mind.