Tag Archives | Decision-Making

Differences between Rational and Non-Rational Models

This article will help you to learn about the difference between rational and non-rational models of decision-making. Differences between Rational and Non-Rational Models Difference -  Rational Models of Decision-Making 1. Rational models are normative. 2. They are theoretical or unrealistic in nature. 3. Rational models follow deterministic approach to problem-solving. 4. They believe there exists the optimum situation for decision-making. [...]

By |2023-02-20T00:22:07+05:30August 9, 2016|Difference Between|Comments Off on Differences between Rational and Non-Rational Models
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Essay on Decision-Making in an Organisation

Read this essay to learn about Decision-Making in an Organisation. After reading this essay you will learn about:- 1. Meaning of Decision-Making 2. Features of Decision-Making 3. Process 4. Approaches 5. Environment 6. Techniques 7. Models. Contents: Essay on the Meaning of Decision-Making Essay on the Features of Decision-Making Essay on the Process of Decision-Making Essay on the Approaches to [...]

By |2016-08-09T07:56:14+05:30August 9, 2016|Decision Making|Comments Off on Essay on Decision-Making in an Organisation
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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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