EBK MANAGEMENT, LOOSE-LEAF VERSION
EBK MANAGEMENT, LOOSE-LEAF VERSION
13th Edition
ISBN: 8220103768115
Author: DAFT
Publisher: YUZU
Question
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Chapter 9, Problem 3OTJVC
Summary Introduction

To determine:

How would you categorize "getting feedback" based on decision making techniques and why is feedback important in decision making?

Concept Introduction:

In the modern economic context, decision making is seen as a vital factor that determines the effectiveness of the organization to drive and step forward. It is highly necessary to focus and organize the decision-making process to bring out effective strategic decisions, that would lead to overwhelming advantages. An advisory board is a specialized body that provides non-binding strategic advice to the management of an organization, corporation to make strategic decisions, organizational structures and systems. The informal nature of an advisory board gives greater flexibility in structure and management compared to the board of directors.

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