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Businesses make complex decisions all the time. Managers decide whether to hire or fire staff; sales managers determine the most lucrative sales leads; senior IT administrators choose the best software for their purposes. All of these people make choices before finding a solution to a problem. They are decision makers. “A decision can be defined as a course of action purposely chosen from a set of alternatives to achieve organizational or managerial objectives or goals,” says the Management Study Guide.
The Cambridge English Dictionary defines a decision maker as a “person who decides things, especially at a high level in an organization.” A decision maker might be responsible for strategic decisions like acquisitions, business expansion or capital investment.
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What do mean by decision making?
Decision making is deciding things.
What is high involvement decision making?
a high involvement purchase decision is the good which cost is high and have a risk so you must research for it to avoid making the wrong choice.
What is a benefit of group decision making?
there is more input and therefore more possible solutions to the situation can be generated. Another advantage is that there is shared responsibility for the decision and its outcome, so one person does not have total responsibility for making a decision
How does database help make efficient and effective decision in regards to operation of a business?
Decision-making for the business is really important, and a database of information to draw from when making decisions is so valuable.
Difference betweenoperation decision making and strategy decision making?
dont know the answer
Models of Decision-making?
decision making is the method which can help you make decision when are starting a business or try to do so.
Are sunk costs ever relevant for decision-making purposes?
NO, its cost which was wasted in past we can not recover it so it is not relevant for decision making.
What is decision and decision making?
Decision making is the process by which a decision is made. Communicating, when it comes to decision making, is the way the information about that decision is distributed to ensure everyone is aware.
Factors affecting decision making?
There are so many factors affecting decision making. Some of them include the parties involved, urgency of the matter, stakes involved and so much more.
What is scientific decision-making?
Making a decision... but scientifically ! :)
Determine factors affecting decision implementation in an organization?
what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making
What is decision making and communicating?
Decision making is the process by which a decision is made. Communicating, when it comes to decision making, is the way the information about that decision is distributed to ensure everyone is aware.
Marginal costing is useful in?
Marginal costing is one of the technique of costing and is usefull for the decision making process. As in decision making process decision are always made for the future activities and not for past activities so if exept marginal costing any other costing method for example absorption costing method is used then there is a chance of making wrong decisions as in future decision making past decision and past data is not relevent for decision making.
What is a decision making?
Decision making is when you make a decision
What do you mean by Intuitive decision making?
What do you mean by decision-making
What do mean by decision making?
Decision making is deciding things.
Do mobile home manufacturers offer mobile home insurance with the homes they sell?
Moblie home manufacters do offfer home insurance through their theur companies. They are a little higher then insurance companies, so it is better to do your research before making your decision.
