How should a manager select the best possible course of action?
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To select best possible course of action the manager must do evaluation of each alternative in terms of cost and benefits.The alternative which minimises the cost and maximize the benefits should be opted or selected.
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Answer:
By identifying available alternatives.
Explanation:
In this question, we have to determine how the manager can choose the best course of action. The manager needs to select the best course of action because if the wrong action is selected it can lead to a heavy loss for the company. There are some possible ways to select the best course of action. The first and the main course of action is that the manager first needs to identify the different alternatives that are available for him and after this, he needs to choose the best alternative for the company. To choose the best he needs to identify the cost and benefits of all the alternatives. From this, he needs to check which is more beneficial for the company.
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