by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What are the categories or types of goals? There are generally 3 types of organizational goals that generally align with the organizational level at which they are created: Strategic Goals – Strategic goals are generally...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What is a Structure Problem and an Unstructured Problem? Organizational decisions can be further categorized based upon the nature of the problem faced. Structured Problems – Structured problems are routine in nature. They...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What are the Conditions for Management Decision Making? Conditions for decision making are common for all individuals. Decisions, however, are subject to conditions of certainty. That is, any decision will vary in the extent to...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management Methods of Decision Making Below are some of the most common approaches used by decision-makers (particularly managers): What is Expected Value in Decision Making? Expected Value – If there are two possible results, each may...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management What are Approaches to Decision Making? We will cover four decision-making approaches starting with the rational decision-making model, moving to the bounded rationality decision-making model, the intuitive decision-making model,...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
[cite] Back to: Business Management Chaos Theory of Management Chaos theory is a scientific theory has been applied to management practice. It was first introduced in this context by Tom Peters in the 1980s. He stated that managers must be prepared for environmental...
