When it comes to making sound decisions an effective management information system acts as an important part of the process. Tho what extent would you agree with this perspective and why?
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When it comes to making sound decisions an effective management information system acts as an important part of the process. Tho what extent would you agree with this perspective and why?
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- How shouldm someone make informed decisions for their company based on thorough research and a bit of intuition?What are the ethical considerations that managers need to be aware of when making decisions, and how can they ensure that their actions are aligned with the values of their organization?Describe an example professional experience that used different options for reducing the cost of a project. What options did they use? Was it successful or not at reducing cost? Did (or do) you agree with the decision-making of the company (organization)?
- What are the ethical considerations in management decision-making, and how do they influence the reputation and success of an organization?Write about an experience—positive or negative—that you have had that shows why decision-making is an integral part of good management.What are the alternatives to using data to drive management decision-making? Do you think businesses statistics are becoming more important or less important for managers today? Why? Is it better to make management decisions based on data? Why or why not?
- MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!What is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?What are the tips for making good decisions?