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Week 6 - Coggle Diagram
Week 6
POLC, Information & Decision-making
Influenced by sources, quality and reliability of information. The more complete and reliable the information is the better decisions are likely to be
The execution of POLC results in decision-making, often daily
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Managerial Problems
Well structed and programed decions- where sturctured prblems are easily defined and prgram deciosn are those handel by a rotinue and structure approach
Unstructured problems and non-programmed decisions. They are new and unusual as they have not been seen before. Therefore they require a new structure and a custom approach.
Decision-making conditions, style and potential errors
Conditions
Certainity - where a manger can make accurate decisons because the outcome of every alternative is known
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Styles
Linear - Preference for external data and facts and process information through rational, logical thinking
Non-linear - Preference for internal sources of information. Process information through internal insights, feelings and hunches