Give 2 examples of programmed decision and 1 programmed decision. Situation: The things that you're doing in your daily lives
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Q: What is meant by decision making? Explain decision making criteria with relative example?
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Q: Can you describe the difference between a rational decision and a non-rational decision?
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- A model for decision making process, discuss briefly each of the elements of the process as shown in the figure.Briefly state the different between rational decision making, bounded rational rationality an decision making by intuition.Answer neatly/briefly. What do you mean by “decision making?” What are the factors affecting the process of decision making?
- 8 Suppose you are planning to purchase a new mobile phone. Describe your views in terms of “Customer Decision-Making” process.With a relevant example, explain programmed decision-making with application to Eskom.Scenario 1Use the five-step decision-making process to analyse the following situation and recommend acourse of action: You are in charge of granting all computer hardware service contracts for your employer, which areworth more than $30 million annually. You casually indicated that you were seeking to buy a new carand that you particularly liked the Audi automobile but that it was very expensive in recent emailswith the company's current service provider. You are taken aback when the service provider texts youthe phone number of the sales manager at a nearby Audi dealership and advises you to call him. Theservice provider claims that because of his close friendship with the dealership's owner, he will be ableto offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if yourmanager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe?How would you respond?
- Explain the concept of contribution and limiting factors and how it can be effectively used in decision making.05) what do you understand by rational decision making? How and what accepts will and should be used while reaching a decision? Part II) What is bounded reality decision? Why is bounded reality important and how can it be used to achieve a good result in achieving a rationally bounded reality? Part III) what are rational decision making steps understood by you explain all 7 in your own words? ch f10 Inum Ik $ 8 ( % & 3 ( 4 6 7 8 E R 6 P |困Answer the following MCQ questions. 1) When Delroy draw on well-developed procedures in his job of grocery store inventory clerk to determine which products to stock first, he is making which type of decision? a) Tactical b) Programmed c) Operational d) Non-Programmed 2) Identifying a problem and matching it with established routines and procedures for resolving it is a ? a) Tactical decision b) Programmed decision c) Operational decision d) Non-Programmed decision 3) Crystal is a marketing manager who is deciding how to allocate the financial resources among three different product launches over the next three months years. Crystal is making a ? a) Strategic decision b) Operational decision c) Tactical decision d) Opportunistic decision
- Why does it make sense to discuss several different models of decision making?Detail 5 approaches to improving decision making. You can speak from the perspective of an individual, a manager, or a policy maker (or a mix).1. What is benchmarking? And how should it be implemented? 2. Define three common decision-making biases and give an example of each.