Define decision making and discus the different types of decision.
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- Discuss FOUR (4) ethical questions that a manager should ask when evaluating a proposed action to make decision.Explain consensus decision-making, give examples and also the advantages and disadvantages of this type of decision-making.Explain the steps of decision-making process using an example. What is the difference between rational decision making, bounded rationality and intuitive decision making?
- Quantitive and Qualitative how can they influence decision-making and how these results can help in setting strategic goals, change management, and market expansion?A) Effective decision-making results ineffective results, discuss decision making steps and provide examples. B) Discuss various ways available to maintain the high ethical standards of an organization?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 uses
- What is extensive decision making? Give an example?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?Explain rational decision-making, and briefly discuss the six steps needed to achieve rational decision-making.