Answered: Name some causes of poor decisions.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Name some causes of poor decisions.

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1. Lack of strategy: If there are no fixed strategy for solving a particular problem, right decision cannot be taken. Most of the people end up by drawing an imaginary conclusion, on the basis of assumptions, which in turn give rise to wrong decisions.

2. Unclear roles: If the assigned responsibilities are not clear it results in duplication of work, which is unproductive.Sometimes it happen that it becomes impossible to take any decision, because one person remains waitig for some other person creating confusions.

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