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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1175 |
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Managerial decisions have been and will continue to be a product of judgment and luck as well as expertise. (1990, Critical Thinking).
The decision making process have four different styles. The first style is known as democratic style, is when the leader gives up ownership and control of a decision and allows the group to vote...
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Majority vote will decide the action. This style has advantages and disadvantages. One of the advantages is that you can make the decision in a short period of time, and with a certain amount of group participation. The most important disadvantages is lack of responsibility, no one in the group have being assigned the responsibility of the decision...
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