Explain the importance of the management environment analysis and its impact on decision-making in a company like Eskom
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2.1) Explain the importance of the management environment analysis and its impact on decision-making in a company like Eskom
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- Why is the management environment analysis important? What impact does this analysis have on decision making?What is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?1. Why are policies important? 2. How can managers effectively implement policies within an organization? 3. What is decision making? 4. Explain the different types of decisions and give an example for each type.
- 1. What are structured, unstructured, and semistructured decisions? Provide an example of each. Why is it important to understand the structure of decision-making when solving business problems?Give an explanation of the importance of knowledge management in an organization's decision-making process, along with supporting justification.A management science solution can be either a recommended decision or information that helps a manager make a decision. Discuss
- MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.How can managers effectively manage risk and uncertainty in their decision-making processes, and what tools and techniques are available to help them do so?
- What are the ethical considerations that managers need to be aware of when making decisions, and how can they ensure that their actions are aligned with the values of their organization?Which among the following is one of the advantages of the McKinsey 7S model 1 It is considered a long-term modelWith the changing nature of businesses, it remains to be seen how the model will adapt. 2 It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 3 It is considered a longstanding theory, with numerous organizations adopting the model over time.What are the models of strategic decision making?