Question: === Please DON'T copy === A decision-making process can determine the success or failure of an organization, and how well it performs. Explain Decision Making

=== Please DON'T copy ===

A decision-making process can determine the success or failure of an organization, and how well it performs. Explain Decision Making Process in your own words. Additionally, suggest a possible decision-making example in an organization and perform the following steps based on the chosen example:

1. Understand the decision

2. Collect all the information

3. Identify the alternatives

4. Compare the risks and benefits of each solution

5. Select the best alternative

6. Make the decision

7. Evaluate the impact of your decision

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

media pointerfileservicefileV3oJBBjCRC2R5W5FZZa3Gx Ques... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!

A decision-making process can determine the success or failure of an organization, and how well it performs. Suggest a possible decision-making example in an organization and perform the following...

A decision-making process can determine the success or failure of an organization, and how well it performs. Explain Decision Making Process in your own words. Additionally, suggest a possible...

A decision-making process can determine the success or failure of an organization, and how well it performs. a. Suggest a possible decision-making example in an organization and perform the following...

( need unique answer ) A decision - making process can determine the success or failure of an organization, and how well it performs. a . Suggest a possible decision - making example in an...

A decision - making process can determine the success or failure of an organization, and how well it performs. Suggest a possible decision - making example in an organization and perform the...

duction Management is essential element in every working entity to ensure its profitability and continuity. Managers can enhance their employees' productivity through constant motivation, effective...

I am having problem identifying the problem in this case study and appropriate theory based solution . your help will be much appreciated. "The human side of introducing total quality management Two...

Find the VL and IL ZL11+j(10) V = 6V IL= ?

Gordon Driving Schools 2014 balance sheet showed net fixed assets of $1.65 million, and the 2015 balance sheet showed net fixed assets of $1.73 million. The companys 2015 statement of comprehensive...

Consider the following probability distribution for stocks A and B: Which of the following portfolio ( s ) is ( are ) on the efficient frontier? A . The portfolio with 2 0 percent in A and 8 0...

Calculate the minimum and maximum takt time for the given

(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: CREDIT SALES METHOD. The Glass House, a glass and china store, sells nearly half its merchandise on credit. During the past 4 years, the following data...

(Appendices) PURCHASES, TRANSPORTATION-IN, AND PURCHASE RETURNS. Alpharack Company sells a line of tennis equipment to retailers. Alpharack uses periodic inventory accounting. Alpharack engaged in...

(Appendices) Economics Select a country with an economic system that is considered communist or socialist. Conduct online research about quality of life, life expectancy rates, tax rates, income and...