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Other Papers on :Approaches to Management

P/M/321. What does a manager need to know before making a decision?

(2005, 2000 words)

The paper examines the theory of decision-making in managerial practices focusing on the methodologies worked out by Jennings and Wattam. Each of the methodologies is described with the reference to analysts opinions; the strengths and weaknesses of various frameworks are highlighted; their use is illustrated with examples from business practices. The paper concludes that the optimal policy in decision-making is to use a mixed many-sided approach.



 
   
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