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Addressing Decision Making Models

What decision-making model(s) do you prefer? Why? How do the influences of internal and external stakeholders affect the decision-making model that best fits the situation? Provide an example of how stakeholders' influence might dictate which decision-making model is best in a particular situation

What are your thoughts on empowering non-managerial staff to make certain decisions? What are some possible advantages and disadvantages? As future executives how will you regulate the decision-making process?

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What decision-making model(s) do you prefer? Why? How do the influences of internal and external stakeholders affect the decision-making model that best fits the situation? Provide an example of how stakeholders' influence might dictate which decision-making model is best in a particular situation

2. What are your thoughts on empowering non-managerial staff to make certain decisions? What are some possible advantages and disadvantages? As future executives how will you regulate the decision-making process?

Solution:

1. I definitely conduct both my personal and professional careers guided by a recognition primed decision making model. My decision making in the professional arena needs to be quick, and precise. I immediately relate the situation to a similar situation from the past, and choose a similar course of action. If the situation is completely new and a decision must be made, I favor a choice through comparison of options decision making model. This model allows me to contemplate what the results of the options I have will produce. I can then choose the best decision, based on the outcome, for my company.

How do the influences of internal and external stakeholders affect the decision-making model that best fits the situation? Provide an example of how stakeholders' influence might dictate which decision-making model is best in a particular situation.

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Solution Summary

The solution provides a detailed discussion regarding decision-making models, stockholder influence, and empowering non-managerial staff.

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