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Decision Making Analysis

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Decision Making Analysis

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Management Theory and Practice/MGT 230

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University of Phoenix

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Decision Making Analysis

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When in a management position within an organization, decisions need to be made on a daily basis. The decision making process is not always an easy process, however. There are four characteristics of managerial decision making: lack of structure, uncertainty, risk, and conflict. Lack of structure exists when management is unsure of how to approach and solve a problem. Uncertainty exists when management does not have sufficient information to make a decision. Risk exists when there is a possibility of a decision being less than 100 percent successful. Finally, conflict exists when management is pressured between two opposing forces, such as individuals or groups (Bateman & Snell, 2011, p. 87-88).

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References

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Bateman, T., & Snell, S. (2011). Management: leading and collaborating in a competitive world (9th ed.). New York, NY: McGraw-Hill.

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