What Are The Factors That Affect Managerial Decision Making And How Are You Going To D…
What are the factors that affect managerial decision making and how are you going
to develop strategies to be competitive in the industrial world of business?
Answer:
The manager’s decision depends on a number of factors, like the manager’s knowledge, experience, understanding and intuition.
- Certainty.
- Risk. .
- Uncertainty.
- Define the Problem.
- Identify Limiting Factors.
- Develop Potential Alternatives.
- Analyze the Alternatives.
- Selecting Alternatives.
Explanation:
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