Chapter 6 – Discussion Managerial Decision MakingAnswer the following questions:1. Decision Making and Management EffectivenessWhy do you think decision making is considered a fundamental part of management effectiveness?2. How to Compensate for Relative Lack of ExperienceAs a new, entry-level manager, how important is it for you to find ways to compensate for your relative lack of experience when trying to determine which alternative before you is most likely to succeed? What are some ways you can meet this challenge?3. Using Social-Networking Sites to Help Market Your ProductsIf you were a manager in charge of new product marketing, what are some ways you might harness the power of blogs and social-networking sites to help market your latest products?Please respond to at least two classmates’ postings. This discussion forum will be graded as follows:Full answer to the prompt(s) using standard English spelling and grammar. Substantial comment to one classmate (do not just say “I agree” or “Nice posting”). Substantial comment to one more classmate (do not just say “I agree” or “Nice posting”).
Managerial Decision Making
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