Most business decisions are made under conditions of either risk or uncertainty. Is it easier to make a decision under risk or uncertainty conditions? Why? …….
Consider the following list of business decisions. What decision would be handled most
effectively by a group or team decision making? Which would be handled more effectively
by individual decision making? Explain why? …….
? Switching pencil suppliers
? Hiring a new CEO
? Firing an employee for stealing
? Calling 911 to report a fire in the warehouse
? Introduction of a brand new product …….