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Write a short essay(250 words) on how managers can benefit from group decision making. Choose two benefits and illustrate their advantages with examples

Write a short essay(250 words) on how managers can benefit from group decision making. Choose two benefits and illustrate their advantages with examples

Understanding Business
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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Question 1:  Planning & Decision-Making 

 

Write a short essay(250 words) on how managers can benefit from group decision making. Choose two benefits and illustrate their advantages with examples.

 

 

Expert Solution
Step 1 Introduction

When people make decisions as a group, they must decide the course of action to take from the options available to them.

In that case, no longer can the decision be attributed to any particular group member. The outcome is influenced by every individual and social group process, including social influence. Individual choices and group decisions are frequently made in distinct ways. Whether this distinction leads to better or poorer decisions is a hotly contested topic.

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