what information or data are used by strategist in an organisation that are useful by the top executives for decision making
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what information or data are used by strategist in an organisation that are useful by the top executives for decision making
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- What is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?Crucial of decision making in an organization by the top managementHow do different decision makers in an organisation use business intelligence? Explain with an example
- Why is decision making often described as the essence of manager's job?What is the knowledge / information the Management can get from Dashboard to do unstructured decision making?What role does data analytics play in the planning process, and how do you use data-driven insights to inform decision-making and optimize resource allocation?
- Based on the topic in the picture, what are the key points there that you think are important to analyze as a decision-maker?How MIS use it to draw decisions or help managers to take decisions, Explain with suitable examples?How do managers solve problems and make decisions? Identify any three quantitative tools that are used in aiding the process.
- Are decisions made at the most appropriate levels within the organization?Considering the different approaches to decision making, why are managers often unable to anticipate difficulties before they become problems? How could this issue be addressed?From then below, how would you approach the decision making? The Hydro-Electric Company (HEC) has three sources of power. A small amount of hydroelectric power is generated by damming wild and scenic rivers; a second source of power comes from burning coal, with emission that creates acid rain and contributes to global warming; the third source of power comes from nuclear fission. HEC's coal-fired plants use obsolete pollution-control technology, and an investment of several hundred million dollars would be required to update it. Environmentalists urge HEC to promote conservation and purchase power from suppliers that use the cleanest fuels and technology. However, HEC is already suffering from declining sales, which have resulted in billions of dollars invested in idle equipment. Its large customers are taking advantage of laws that permit them to buy power from lower-cost suppliers. HEC must cover the fixed cost of idle capacity by raising rates charged to its remaining customer or…