Discussio Managerial Decision Making

timer Asked: Jun 10th, 2019
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Question Description

300 words discussion

Answer the following questions:

1. Decision Making and Management Effectiveness
Why do you think decision making is considered a fundamental part of management effectiveness?

2. How to Compensate for Relative Lack of Experience
As a new, entry-level manager, how important is it for you to find ways to compensate for your relative lack of experience when trying to determine which alternative before you is most likely to succeed? What are some ways you can meet this challenge?

3. Using Social-Networking Sites to Help Market Your Products
If you were a manager in charge of new product marketing, what are some ways you might harness the power of blogs and social-networking sites to help market your latest products?

Tutor Answer

School: Rice University

Here you go!

Running head: DISCUSSION


Discussion: Managerial Decision Making
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Discussion: Managerial Decision Making

1. Decision Making and Management Effectiveness
Decision-making is essentially the process of making a choice. Once a decision is
identified, one should obtain further information, consider the alternatives and in view of the
available evidence select from those alternatives. It is at that point that one can take action and
review the decision that was taken (Samson, Donnet, & Daft, 2018). When the process of
decision-making is done effectively, it is likely to result in good choices which translates to
better outcomes. Analytical, behavioral, ...

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