Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Think of a problem, goal, or situation in which you need to make a decision.
•Using the Decision-Making Process Steps, outline how you can make your decision.
•Diagram your decision-making plan
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- Managers make decisions, and the processes they use in decision making will determine their relative effectiveness. Describe some of the various processes, their merits, and usesarrow_forwardIdentify factors that are important for good decision-making and what factors can inhibit good decision making.arrow_forwardIndividuals often shortcut the decision making process. Describe 3 of these shortcuts and provide examples of how these could impact a Managers' decision in the Workplace.arrow_forward
- 1/- What is the processes of how to evaluating the External Environment that the company does business? 2/- How do my decision models aid / hinder this process and why3/- What other decision models are being considered and whyarrow_forwardWrite a paper that addresses the following points: Identify at least one bias that impacts your decision making process. Discuss what triggered this particular bias and what steps you plan to take it to address it. Discuss how this bias impacted your decision. How confident do you feel about your decision making processes in general? Do you suffer from the "overconfidence" syndrome? If so, under what circumstances?arrow_forwardWhat are the potential benefits of collaborative planning and involving stakeholders in the decision-making process?arrow_forward
- How can effective decision-making be supported and enhanced by what has been learned in other fields of inquiry?arrow_forwardWhat is a heuristic, and when would it be appropriate to use a heuristic for decision-making?arrow_forwardFirst, read a Content on Data and How Information Supports Decision Making, paying particular attention to the Levels of Decision Making. For this discussion, we will use a retail business as an example. The retail business will consist of corporate headquarters, regions (oversees several stores in a geographic area), and individual stores. Each of these aligns with one of the three levels of decision makers in an organization. Select one of the levels of decision making and identify one decision that a manager at that level might make. The decision must relate to the retail business and what it does. Then, explain what information a manager at that level might get from the IT systems, such as inventory management or customer information system, to aid in making that decision.arrow_forward
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