Management

Problem Solving

What is Problem Solving? Definition, Types, and Strategies To Solve

What is Problem Solving? Problem-solving is the process of identifying the problem, its intensity, and its causes and finding the most suitable solutions for it from available alternatives. It is an art of decision-making. Problems should be solved as soon as possible so that the wastage of raw materials, time, and other resources can be …

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Decision Making Styles

4 Styles of Decision-Making in Management [Explained]

What are Decision Making Styles? Decision-making styles are ways managers assume while making decisions. Managers employ different styles of decisions considering their skills, interests, knowledge, and attitudes. Some managers are rational and logical while others are creative and intuitive. While some have a low tolerance for ambiguity and others have a high. Thus, on the …

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Decision Making Conditions

Conditions of Decision-Making: Certainty, Risk, and Uncertainty

Decision-Making Conditions When you make any decision how many conditions do you have? Facing different conditions while making a decision whether in personal or professional life is common. Managers in their working tenure make several decisions as per necessity. Sometimes they fully know what they are taking and its outcomes, sometimes they have probable situations, …

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Decision Making Approaches

3 Approaches To Decision Making [Explained]

Decision Making Approaches There are different approaches managers can use for decision-making to come to an effective choice in order to achieve desired goals. Generally, there are three approaches to managerial decision making which are mentioned below. The Classical Approach The classical approach to decision-making is also known as a prospective approach since it makes the …

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Individual and Group Decision

What is Individual and Group Decision? [Explained]

What is Individual and Group Decision? In simple language, an individual decision is one that is made by a single person whereas a group decision is one made by more than two people. Based on the participation of people in the decision-making process the types of decisions are two individual and group decisions. Let’s discuss …

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