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Justifications for a bad business decision

? Suppose that a business decision has a bad outcome. Explain two possible justifications for saying that you would make the same decision (in the same circumstances) again.

? Describe the consequences of not evaluating decision-making policies and procedures in a business. Use examples to illustrate.

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? Suppose that a business decision has a bad outcome. Explain two possible justifications for saying that you would make the same decision (in the same circumstances) again.

One possible justification will be that the business decision was taken after carefully analyzing all possible alternatives, potential consequences and implications. The decision was taken after obtaining consensus from all the senior personnel and management in the organization and was considered to be the most suitable decision, given the circumstances surrounding the decision. The decision was based on certain assumptions/contingencies and was considered to be the safest possible decision and in the best interest of the organization. However, the bad outcome of the decision turned out due to the fact that some of the assumptions or contingencies, upon which ...

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Justifications for a bad business decision is examined.

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