ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Major decision
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Moral decision
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Manageable decisions
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Minor decision
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Detailed explanation-1: -Decision making can also be classified into three categories based on the level at which they occur. Strategic decisions set the course of organization. Tactical decisions are decisions about how things will get done. Finally, operational decisions are decisions that employees make each day to run the organization.
Detailed explanation-2: -Strategic: Long-term, complex, made by senior managers. Tactical: Medium-term, less complex, made by mid-level managers. Operational: Day-to-day, simple, routine, made by junior managers.
Detailed explanation-3: -Don’t let stress get the better of you. Give yourself some time (if possible). Weigh the pros and cons. Think about your goals and values. Consider all the possibilities. Talk it out. Keep a diary. Plan how you’ll tell others. More items