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What is Managerial Decision-Making Process about?

Decision making is the process by which managers identify and resolve problems by analyzing options and choosing the best alternative. There are two types of decisions: programmed decisions which are routine and follow established procedures, and non-programmed decisions which are unusual situations with no established procedures. The decision making process involves 6 steps - identifying problems, generating alternatives, evaluating alternatives, choosing an option, implementing it, and evaluating the resu

Author

anna lyee

Language

EN