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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Top 10 Techniques of Decision-Making

This article throws light upon the top ten techniques of decision-making. The techniques are: 1. Marginal Analysis 2. Financial Analysis 3. Break-Even Analysis 4. Ratio Analysis 5. Operations Research Techniques 6. Linear Programming 7. Waiting-line Method 8. Game Theory 9. Simulation 10. Decision Tree. Decision-Making: Technique # 1. Marginal Analysis: This technique is used in decision-making to figure out how [...]

By |2016-06-18T08:22:53+05:30June 18, 2016|Decision Making|Comments Off on Top 10 Techniques of Decision-Making
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