Which of the following is a guideline for managers to improve their decision-making abilities?
A)concentrate on planning for the future instead of conducting a retrospective analysis
B)ignore biases and personal style of making decisions
C)rank various alternatives even when all relevant information is not available
D)List the criteria that are being used to assess and evaluate alternatives and evaluate if the factors are appropriate
E)persist with economically superior alternatives despite the threat of cannibalization

Question

Quizplus · Accepted Answer

Managers must become aware of biases and their effects, and they must identify their own personal style of making decisions.One recommended technique for examining decision-making style is for managers to list the criteria they typically use to assess and evaluate alternatives-the heuristics (rules of thumb) they typically employ, their personal biases, and so on-and then critically evaluate the appropriateness of these different factors.

Which of the Following Is a Guideline for Managers to Improve