We learned about 4 Approaches to Great Decision Making". Create a specific scenario when Participatory Decision Making would be the most appropriate and justify your reasoning.
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We learned about 4 Approaches to Great Decision Making". Create a specific scenario when Participatory Decision Making would be the most appropriate and justify your reasoning.
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- What are the steps in the decision-making process? Which ones do people tend to skip or spend insufficient time on?List and describe at least three barriers to effective decision-making.Explain the steps of decision-making process using an example. What is the difference between rational decision making, bounded rationality and intuitive decision making?
- Discuss the different roles played by the qualititative and quantitiative approaches to managrial decision making. Why it is important for a manager or decision maker to have a good understanding of both of these approaches to decision making?Briefly explain the different types of decision making environments. Give any one suitable method used to takedecision under each of the above mentioned different environments.Decision making is a fundamental management function. In the light of this statement, define and explain including all the 3 approach of decision making (rational, behaviour and practical), with examples, all the views on how managers make decisions. Explain with Examples.
- Illustrate the EIGHT (8) steps of decision making graphically as suggested in the Decision-Making Process model.A large number of techniques have evolved to help decision makers make prompt and accuratedecisions’. Briefly discuss any four methods/techniques evolved in decision-makingMiriam and Devon are both upper-level managers, but have very different decision-making styles. Please name and describe in your own words four decision making processes that could be used to guide their decision making. In addition, provide and explain in your own words 10 ways in which their decision could, in general, be derailed or hindered, and explain each.
- What are the steps of effective decision making? Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions? How can managers improve their decision making skills?Decision making under ignorance- what kind of situations/ problems are considered? What strategies/ methods can be used to find optimal solutions (e.g. the best alternative from a given set of alternatives)?Lesson 6 (Decision making and creativity) Briefly state the different between rational decision making, bounded rational rationality an decision making by intuition` What do you understand by creativity is an essential component in decision making.