Management (14th Edition)
14th Edition
ISBN: 9780134527604
Author: Stephen P. Robbins, Mary A. Coulter
Publisher: PEARSON
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Question
Chapter 2, Problem 6RDQ
Summary Introduction
To determine:
Difference between wrong and bad decisions. Reason for wrong and bad decisions by good managers and its improvement.
Introduction:
Wrong decisions are those which are inconsistent and illogical in the company’s profile. They are inevitable in the professional front.
Bad decisions are those which managers make by not keeping all the important points in mind.
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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?
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Similar questions
- 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 techniquesarrow_forwardHow do managers make decisions, and what factors influence their decision-making process? How can managers improve their decision-making skills?arrow_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_forward
- How can a manager improve the quality of her individual decision-making?arrow_forwarda) 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 skillsarrow_forwardCan you describe the difference between a rational decision and a non-rational decision? Is it possible to always make rational decisions?arrow_forward
- How does the contingency approach in management address the need for flexibility and adaptation in decision-making?arrow_forward“Statistically we expect that good decisions will lead to favorable outcomes more often than will either poor decisions, or decisions reached by default. In a sense, this is a statement of faith on which all rational approaches to human affairs are based” (Amara and Lipinski, 2020). Discuss this statement, and assess the value of the analytical decision approach as an operational tool of management decision-making.arrow_forwardHow to improve the abilities of decision making?arrow_forward
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