Question

What principles are followed when
making managerial decisions
​

Answer 1

$\colorbox{yellow}{Principles of Decision Making:}$

• Subject-matter of Decision-making
• Organisational Structure
• Analysis of the Objectives and Policies
• Analytical Study of the Alternatives
• Proper Communication System
• Sufficient Time
• Study of the Impact of a Decision
• Participation of the Decision-maker

Answer 2

Answer:

Principles of Decision Making - 6 Things You Need to Know

Identify and define the problem. You must clearly define the problem before you can solve it. ...

Gather and analyze information. You must have accurate information to solve issues appropriately. ...

Development alternative solutions. ...

Choose the best alternative. ...

Take action. ...

Evaluate the decision.