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Essay

Decision Making

Essay specific features

 

Issue:

Business

 

Written by:

Jorge L

 

Date added:

December 24, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 296

 

Was viewed:

528 times

 

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Essay content:

This is also the stage in which questions should be asked before carrying out the plans. Once it is agreed that the project should be move forward, the top management should make a timely decision and move on to other items of the business. The model for making tactical decisions is to • Recognize and define the problem • Identify the alternatives • Identify the costs and benefits for each alternative • Total the relevant costs and benefits for each alternatives • Access the qualitative factors • Select the alternative that has the most net benefits Decision-making needs to be based on long-term strategy and decisions need to be made base on uncertainty like natural disasters, economic slowdown, war or terrorism...
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The model for making tactical decisions is to • Recognize and define the problem • Identify the alternatives • Identify the costs and benefits for each alternative • Total the relevant costs and benefits for each alternatives • Access the qualitative factors • Select the alternative that has the most net benefits Decision-making needs to be based on long-term strategy and decisions need to be made base on uncertainty like natural disasters, economic slowdown, war or terrorism...
displayed 300 characters

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