1. 'Statistically we expect that good decisions will lead to favourable outcomes more often than will either poor decisions, or decisions reached by default. In a sense, this is a statement of faith on which all Examination questions and answer notes 337 rational approaches to human affairs are based' (Amara and Lipinski). Discuss this statement, and assess the value of the analytical decision approach as an operational tool of management decisionmaking..

1. 'Statistically we expect that good decisions will lead to favourable outcomes more often than will either poor decisions, or decisions reached by default. In a sense, this is a statement of faith on which all Examination questions and answer notes 337 rational approaches to human affairs are based' (Amara and Lipinski). Discuss this statement, and assess the value of the analytical decision approach as an operational tool of management decisionmaking..

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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