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Tuesday, March 5, 2019

Management Concepts

managerial finis- do paradox avoiders Problem solvers Problem seekers Approaches to decision making Classical decision model Behavioral decision model Judgmental decision model 2. With references to decision-making theory covered in the chapter, describe the type of managerial decision-making evident in this case, and the conditions under which decisions were made. Managerial Decision Making *Problem avoidably problem solvers *Problem seekers Decision conditions * certain(prenominal) environment *Risk environment uncertain environment 3.Evaluate the decisions made in the case in relation to the classical, behavioral and Judgmental heuristics approaches to decision-making that are outline In the chapter. Which model do you believe best describes the situation and concomitant decision-making process In this case? Justify your answer? Approaches to decision making Classical decision model Judgmental decision model reference decision *Classical decision model Problem it was the floo d that footing Brisbane and PhysicsPossible alternative Not releasing flood waters. Consequently threatened constancy of dam Optimizing decision Release of flood waters being advised of potential damage. SOOT Analysts Strengths *New technology *They set priorities *Manage prison term Weakness Lack of communication Misunderstanding Misconduct Problem lick Crisis Opportunities *Professional engineer *Employment Threats Natural disaster (climate change) Damage roads and homes. Conclusion People should make wise decision to save the lifes of the others.

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