Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making. Why is it important for a manager or decision maker to have a good understanding of both of these approaches to decision making?
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- 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.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?What is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?
- A management science solution can be either a recommended decision or information that helps a manager make a decision. DiscussDiscuss FOUR (4) ethical questions that a manager should ask when evaluating a proposed action to make decision.Explain comprehensibly the ways on how can we improve ourselves in terms of decision making.
- Please please answer that full answer please please a) Why is decision making often described as the essence of a manager’s job? b) Is there a difference between wrong decisions & bad decision?Why do good managers sometimes make wrong decision? Bad decision? c) How can managers improve their decision-making skills?What are the four (4) different problems faced by a management in the decision-making process? Give solution/s to these problems. (You can give example as an evidence of your answers)With a relevant example, explain programmed decision-making with application to Eskom.
- Why does it make sense to discuss several different models of decision making?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?Decision Making: Answer the following questions.1. Can the engineer manager avoid making management decision? Why or why not?2. When a problem becomes apparent and the engineer manager chooses to ignoreit, is he making a decision? Explain your answer.3. Why is proper diagnosis of the problem important?4. What are the components of the environment from the point of view of the decision-maker? What do they consist of? 5. How may one develop viable alternatives in problem solving?6. How may alternative solutions be evaluated?7. Why is it important for those who will be involved in implementation to understand and accept the solution to the problem?8. What are the approaches in solving problem?9. What quantitative techniques are useful in decision-making?10. What is the purpose of Bayesian analysis?