Question

5. Recall a recent decision that you had difficulty making. Describe it in terms of the characteristics of managerial decisions.

Answer 1

Refer the below images for the above mentioned questions, in a detailed way of explanation.

Answer: Requirement : Recall a recent decision that you had characteristics difficulty managerial it Describe in terms of the of making. decasions; Students probably will for example, in buying a secondhand answer this they might car: question discuss in very different the Problems inherent lack of structure - There is no spectic malling process for con structured decision boying a secondhand car. uncertainty The purchaser, in about the car expost can be most cases, knows and its condition fooled- very little Even an. Risk - The risk bought a is that they will find they have lemon and thus lost their money. conflict - The Individual may not want to buya used car but may not have the money to buy or lease a new one. The individual's parents may wish tim or her to buy a Safe, rekable Vehicle while a close friend may be urging something sporty-

Requirement of using a experience. & group Discuss the to mare potential decisions. advantages and disadvantages Give examples from your * Advantages : 1. wider range of perspectives and approaches to problem solving. 2- More information is available when several people are making the decision • 3. Better analysis. " Two heads are better than one". 4. Group members will understand the decision better if they were part of the process. s. There will be greater commitment to the deasion. 6. Intellectual Stimulation: A group session can unleash people's Creativity. & Disadvantages : 1. A tendency to compromise so that all members of the group are satisfied, leading too poorer decasion making - 2. pressure to avoid disagreement 30 Domination of the group process by one individual. 4. Goal displacement with the original goal of the group being replaced by another goal.