A management science solution can be either a recommended decision or information that helps a manager make a decision. Discuss
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Q: Why is decision making often described as the essence of manager's job?
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Q: "I expect all the managers in my department to act completely rationally in every decision they…
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A management science solution can be either a recommended decision or information that helps a manager make a decision. Discuss
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- Which of the following integrates mathematics into decision making? a - scientific management b - behavorial theroy c - management science theroy d - integrative perspetiveWhich among the following is one of the advantages of the McKinsey 7S model 1-It is considered a long-term model 2-With the changing nature of businesses, it remains to be seen how the model will adapt. 3-It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 4-It is considered a longstanding theory, with numerous organizations adopting the model over time.“Data and analytics are integral for any business decision.” Critically evaluate this statement with practical examples.
- Non programmed decisions are most likely to be made by: a. Middle level managers b. Supervisors c. Lower level managers d. Top level managerscritically analyze the tools that are used for Report generating for executive level, management level (periodic and ondemand) from internal and/or external data of an organization for faster decision making.In the process of understanding customer behavior, give real examples of “Dimensions of decision making”. Also, apply the SMART framework to any business objective of your choice.
- Give an explanation of the importance of knowledge management in an organization's decision-making process, along with supporting justification.What is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?1. Why are policies important? 2. How can managers effectively implement policies within an organization? 3. What is decision making? 4. Explain the different types of decisions and give an example for each type.
- 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?What are the key distinctions between operational data and decision-making information?Sub- Management What role does scenario planning play in helping organizations anticipate and respond to uncertain futures?