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School of Management MGMT 401 MANAGERIAL DECISION PROCESSES Trimester 1, 2015 COURSE OUTLINE Names and Contact Details COURSE COORDINATION CC: Professor John Davies Deputy CC: Brown Howell Room: RH

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How to fill out managerial decision processes

01

Identify the decision that needs to be made

02

Gather relevant information and data

03

Analyze the information to evaluate the different options

04

Consider the potential outcomes and consequences of each option

05

Make a decision based on the analysis and evaluation

06

Implement the decision and monitor the results

07

Review and evaluate the decision to make adjustments as needed

Who needs managerial decision processes?

01

Managers at all levels in an organization who are responsible for making strategic decisions

02

Business owners who need to make important decisions about their company

03

Consultants who help organizations make informed decisions

04

Leaders in non-profit organizations who need to allocate resources efficiently

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What is managerial decision processes?

Managerial decision processes refer to the series of steps and actions taken by a manager to analyze a situation, make a decision, and implement a solution.

Who is required to file managerial decision processes?

Managers and decision-makers in an organization are required to conduct and document managerial decision processes.

How to fill out managerial decision processes?

Managers can fill out managerial decision processes by following a structured approach that includes defining the problem, gathering relevant information, evaluating alternatives, making a decision, and implementing a plan of action.

What is the purpose of managerial decision processes?

The purpose of managerial decision processes is to ensure that decisions are made in a logical and systematic manner, taking into account all relevant factors and minimizing risks.

What information must be reported on managerial decision processes?

Information such as the problem statement, analysis of alternatives, decision rationale, action plan, and expected outcomes must be reported on managerial decision processes.

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