Why is it said that management principles are "essentially behavioural" and "contingent" in nature? Additionally, describe how management concepts "provide the managers with useful insights into reality" and "assist in intelligent decision making."
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- Give five justifications for why management principles are essential.MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!How do managers make rational decisions?
- What are the ethical considerations that managers need to be aware of when making decisions, and how can they ensure that their actions are aligned with the values of their organization?What are the key causes that currently provide significant difficulties for managers, and describe the consequences of these obstacles.. How can organizations ensure that their goals are flexible and adaptable to accommodate unforeseen circumstances or changes in the business environment?
- What are the ethical considerations in management decision-making, and how do they influence the reputation and success of an organization?Decision -making is the vehicle for carrying workload and discharging the managerial responsibilities “. Elucidate the statement and examine the significance and process of rational decision making in management.How do managers make the right decision?