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Differences between Individual and Group Decisions

This article will help you to learn about the difference between individual and group decisions. Differences between Individual and Group Decisions Difference - Individual Decisions 1. Decisions are taken by a single individual. 2. Individual decisions are less costly. 3. They are based on limited information gathered by managers. 4. Individual decisions are taken in situations of crisis or emergency. [...]

By |2023-02-20T00:19:39+05:30August 9, 2016|Difference Between|Comments Off on Differences between Individual and Group Decisions
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Group Decision-Making: Merits and Limitations

After reading this article you will learn about the merits and limitations of group decision-making. Merits of Group Decision-Making: Group decision-making has the following merits: (a) Pooling of information: Group members collect extensive information and decisions are, therefore, more scientific and accurate. Members pool their knowledge and arrive at decision alternatives which a single individual could not have thought of. [...]

By |2016-08-09T07:56:14+05:30August 9, 2016|Decision Making|Comments Off on Group Decision-Making: Merits and Limitations
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