Tag Archives | Decision-Making

Decision-Making: Meaning, Significance and Limitations

After reading this article you will learn about Decision-Making:- 1. Meaning of Decision Making 2. Significance of Decision-Making 3. Limitations of Decision-Making 4. Systems Approach to Decision-Making 5. Group Decision-Making. Contents: Meaning of Decision-Making Significance of Decision-Making Limitations of Decision-Making Systems Approach to Decision-Making Group Decision-Making 1. Meaning of Decision-Making: Decision-making describes the process by which a course of action [...]

By |2016-06-18T08:22:54+05:30June 18, 2016|Decision Making|Comments Off on Decision-Making: Meaning, Significance and Limitations
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Top 2 Types of Managerial Decision

This article throws light upon the two main types of managerial decisions. The types are: 1. Programmed Decisions 2. Non-programmed Decisions. Managerial Decision: Type # 1. Programmed Decisions: Programmed decisions are those that deal with simple, common, frequently occurring problems that have well-established and understood solutions. These decisions are made in routine, repetitive, well-structured situations, using predetermined decision rules that [...]

By |2016-06-18T08:22:54+05:30June 18, 2016|Decision Making|Comments Off on Top 2 Types of Managerial Decision
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Management Information and Decision Support System

This article will help you to make comparison between Management Information and Decision Support System. Managers at all levels require information to be provided to them with speed, brevity, precision and economy to enable them to carry out their functions effectively. This need is satisfied by means of a management information system. A Management Information System (MIS) is a system [...]

By |2016-06-18T08:22:53+05:30June 18, 2016|Decision Making|Comments Off on Management Information and Decision Support System
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