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Use an example form the text or one from the real world that illustrates the effective,...

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General Management

Use an example form the text or one from the real world thatillustrates the effective, or ineffective, use of decision makingusing the steps listed. Discuss why they were successful or notsuccessful. Be specific about which steps were missed, not used,ineffective, etc.

*Please use a different answer from the Chegg since my friendsalready use it. Thankyou.

Answer & Explanation Solved by verified expert
4.4 Ratings (901 Votes)
Effective decision making is the process through which alternatives are selected and then managed via implementation to achieve the desired business objectives It is the process of making choices by identifying a decision gathering required information and processsing alternative resolutions By using a stepbystep decisionmaking processit can help you to make more deliberate thoughtful decisions by organizing relevant information and defining alternatives For example There is a property development company which is facing the decision of whether to sell one of its properties now or later There is a slump in the market and also a rumour that market may go down more Soits a decision to make by company whether to wait for a year in the hope the property market improves or sell it now If it sells the property now it knows it will receive 500000 However if it sells in one year there are two possibilities 1 There is a slump in the property market so that    See Answer
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