Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how to write this into a paragraph 1. Continual Decision-Making: Managers are constantly making decisions that impact the organization and its stakeholders. These decisions can

how to write this into a paragraph 1. Continual Decision-Making: Managers are constantly making decisions that impact the organization and its stakeholders. These decisions can range from strategic choices about the organization's future to operational decisions about daily activities. 2. Impact on Stakeholders: The decisions made by managers affect various stakeholders, including employees, customers, and shareholders. The impact can be significant, influencing the organization's effectiveness and long-term survival. 3. Complexity and Uncertainty: Managerial decisions often involve a range of options and uncertain outcomes. Managers need to gather information to make informed decisions, but they often have to make decisions without complete information. 4. Timing: Effective decision-making also involves determining when to make a decision. Waiting too long can lead to missed opportunities, but rushing can lead to poor choices. 5. Consequences: Decisions can lead to various outcomes, both positive and negative. Good decisions can enable the organization to thrive, while poor decisions can lead to adverse outcomes like reduced productivity, increased expenses, and decreased morale

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Management Concise Edition

Authors: Eugene F. Brigham, Joel F. Houston

8th Edition

1285065131, 9781285065137

More Books

Students also viewed these General Management questions