What is the role of intuition in decision making? Should managers use more objective or subjective intuition

Question:

What is the role of intuition in decision making? Should managers use more objective or subjective intuition techniques when making decisions?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Management Fundamentals Concepts, Applications and Skill Development

ISBN: 978-1506303277

7th edition

Authors: Robert N. Lussier

See More Books

Question Posted: Apr 09, 2018 03:46 AM

See More Questions

What is the role of a sales incentive?
What is the role of information in decision making?
What is the role of an independent CPA?
Give examples of three exceptions to the Cardozo rule of foreseeability.
On December 1, Martin Company signed a $5,000, 3-month, 6% note payable, with the principle plus interest due on March 1 of the following year. What amount of interest expense is accrued at December...
Write a mission statement for your planned or envisioned business.
Calculating Present Value. Brenda Young desires to have $20,000 eight years from now for her daughters college fund. If she will earn 4 percent (compounded annually) on her money, what amount should...
You own a piece of raw land in an up-and-coming area in Gotham City. The costs to construct a building increase disproportionately with the size of the building. A building of q square feet costs 0.1...
found aprt A and half of part B, but struggling woth the other parts. please show steps so i can learn it better, thank you! The balance sheet caption for common stock is the following Common stock...
a) Why is the external load resistor (RL) of the LM 741 set at 1 k? in Fig. 2? What will happen if RL= 100 ? and Vo= 10 Vp? b) The LM 741 is connected to a DC source of?12 V. What is the maximum...
Are creativity and innovation really important to all types of businesses? Is it important to evaluate a creative idea before it becomes an innovation?
When Target deactivated their website, what type of decision did they make? Explain?
In the mid-1990s and through the early 2000s, Japan's annual money supply growth rate fell to 1-2 percent from an average annual rate of 10-11 percent in the late 1980s. What effect did this decline...
Financial strength can be defined as the capacity to produce enough cash flows and earnings to pay creditors, investors, and other debts, as well as to cover expenses. Even though sales by themselves...
The RMS Titanic was the most technologically advanced liner in the world in the year 1912. At 11:40pm or Sunday, April 14 of that year, the Titanic struck an iceberg and sank in less than three...
1. A management consultant is hired by a manufacturing firm to determine the best site for its next production facility. The consultant has had several meetings with the company's senior executives...
The figure below shows that a pump is used to transfer water from a reservoir at ground level to a storage take that is elevated. The pump is located 10 ft above the water surface of the reservoir...
P6-3 (Algo) Comparing and Contrasting the Effects of Inventory Costing Methods on Financial Statement Elements LO6-2, 6-3 Neverstop Corporation sells item A as part of its product line. Information...
Solve each equation. Vr-1+2=0
Reichenbach Co., organized in 2018, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2018 and 2019. Instructions...
Select a company and identify as many of its global business practices as you can.
What is the difference between a license and a franchise?
What is the difference among a strategic alliance, joint venture, and direct investment?
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
Brief Exercise 10-6 Flint Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $327,600. The estimated fair values of the assets are land $62,400, building...
"faithful respresentation" is the overriding principle that should be followed in ones prepaparation of IFRS-based financial statement. what is it? explain it fully quoting IAS. how this this...

What is the role of intuition in decision making? Should managers use more objective or subjective intuition

Question:

Step by Step Answer:

Intuition the ability to ...View the full answer

Management Fundamentals Concepts, Applications and Skill Development

Students also viewed these Business questions