(a) Discuss the various types of decision-making models with particular relevance to an organization of your choice.
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(a) Discuss the various types of decision-making models with particular relevance to an organization of your choice.
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Solved in 3 steps
- What is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?Give an explanation of the importance of knowledge management in an organization's decision-making process, along with supporting justification.Why is the management environment analysis important? What impact does this analysis have on decision making?
- 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 the main procedures for an effective decision-making?Briefly explain the different types of decision making environments. Give any one suitable method used to takedecision under each of the above mentioned different environments.
- 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 usesA) 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?What are the benefits and drawbacks of centralized versus decentralized decision-making in an organization, and how can a manager determine which approach is best for their particular situation?