Which best describes the Managerial Decision Making Process.

managers identify potential problems, let staff generate solutions, have staff implement the solution.

managers must accurately identify problems, generate several possible solutions, choose the solution that will be the most effective, and implement and evaluate the chosen course of action.

$$ managers must identify opportunities for growth, come up with one solution and ask staff for their solution, decide on which is best and implement the solution.

$$ None of the above