decision making 0.0 / 5 ? Businessdecision making A2/A-levelAQA Created by: cara123461Created on: 23-05-21 00:26 benefits of scientific decision making easy to defend the business, rational + logical, flexible 1 of 11 drawbacks of scientific decision making missed opportunities, unreliable data, takes longer 2 of 11 influences of choosing scientific decision making size of business, predictability of situation, character of person, culture of the company 3 of 11 scientific decision making model 1 gather data, 2 analyse data, 3 select, 4 implement, 5 review, 6 set objectives 4 of 11 tactical decisions short term, few resources involved (re-ordering stock) 5 of 11 strategic decision long term, major commitment of resources (investment in new premises) senior managers likely to take control 6 of 11 factors effecting decision making risks, rewards, uncertainty 7 of 11 influences on decision making missions, objectives, ethics, external environment, resources 8 of 11 advantages of intuitive decision making decisions made quicker, managers can have gut feelings from years of experienced 9 of 11 disadvantages of intuitive decision making staff lacking experience may make mistakes due to no prior experience, decisions can be made for illogical reasons as data is not considered 10 of 11 factors influencing intuitive decision making unavailable data, experience of the staff, risk 11 of 11
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