Question: The effective use of a framework as a problem - solving tool in managerial decision - making involves which of the following? A manger should
The effective use of a framework as a problemsolving tool in managerial decisionmaking involves which of the following?
A manger should be able to generalize the specific problem at hand eg how to price a new mobile phone to a more abstract problem that can be addressed by the framework eg how to price a new product
The manager should be able to identify a framework that will help answer the specific problem and use it to derive a general solution
The manager needs to be able to apply the generalized solution suggested by the framework to the specific problem at hand.
Each of the above steps
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