What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniques
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- What are the biases that frequently cause managers to make poor decisions?
- What are some of the innovative techniques managers can use to make decisions? Describe at least two techniques
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- What are the four personal decision styles used by managers? What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniques.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?What are the key elements of effective decision-making, and how can managers develop the skills required to make sound decisions in a wide range of contexts?
- Why is the management environment analysis important? What impact does this analysis have on decision making?"Because managers have so many powerful decision-making tools to use, they should be able to make more rational decisions" Do you agree with this statement?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 is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?Decision making is a fundamental management function. In the light of this statement, define and explain, with examples, all the views on how managers make decisions.How does the contingency approach in management address the need for flexibility and adaptation in decision-making?
- Identify the biases that frequently cause managers to make bad decisions.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?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?
