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. [...]
This article throws light upon the top four techniques adopted by group members to take decisions. The techniques are: 1. Meetings 2. Brainstorming 3. Nominal Group Technique 4. Delphi Technique. Technique # 1. Meetings: Meeting is gathering of people to discuss a common issue. Members gather to discuss issues mentioned in the agenda and make various decisions. The chairperson controls [...]
After reading this article you will learn about:- 1. Meaning of Creativity 2. Components of Creativity 3. Process 4. Climate. Meaning of Creativity: Creativity means creating something new. In the context of business, it means creation of new ideas, new method or new product/service. Creativity is the "cognitive process of developing an idea, concept, commodity, or discovery that is viewed [...]