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Managerial Decision Making
This presentation discusses managerial decision making. It defines decision making and outlines the key topics to be covered, including the nature of decision making problems, different decision making situations, models of decision making, steps in the process, barriers, and group decision making. Types of problems include crises, non-crises, and opportunities. Decision making can be programmed or non-programmed. Models include the rational, satisficing, incremental, and garbage can models. The presentation concludes with a summary of the covered topics and an invitation for questions.
