How shouldm someone make informed decisions for their company based on thorough research and a bit of intuition?
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How shouldm someone make informed decisions for their company based on thorough research and a bit of intuition?
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- What are the tips for making good decisions?We typically make decisions by relying on one or more of the following: 1) Our gut instinct. 2) Our experiences. 3) Our education. What is the value of the Business Analytics course in your current or future business area and how will it improve your decision making?What dangers does a company face if it focuses only on tactical decisions?
- Describe how strategic decisions differ from other decisions that managers make. Are you able to identify the differences or say integration of the two components within your organization? Give an example.3- “Making decisions based on facts and information”. This statement proves that the management is: a. a Problem b. a Science c. an Art d. a DisciplineFaced with the increased costs of delivering DVDs by mail and streaming online content, clearly Netflix had to take some action. Describe the decision-making process need to have advised Netflix management to follow?
- Managers use their intuition to make better decisions. How? Support your answer with relation to 5 aspects of intuitionIn 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.What is an impression of a comprehensiveness? As in, do you think there are other philosophies used by some to make business decisions?
- When it comes to making sound decisions an effective management information system acts as an important part of the process. Tho what extent would you agree with this perspective and why?What are the ethical considerations that managers need to be aware of when making decisions, and how can they ensure that their actions are aligned with the values of their organization?Write about an experience—positive or negative—that you have had that shows why decision-making is an integral part of good management.