Asked by Arindam Dutta on Sep 26, 2024
Managers are said to "idealize" when they systematically research alternative solutions and select the one with the best combination of benefits through scientific observation and quantitative measurement.
Idealize
To regard or represent something as perfect or better than it actually is, often ignoring potential flaws or problems.
Scientific Observation
The systematic process of gathering empirical data through the use of controlled and repeatable methods, crucial for scientific inquiry and hypothesis testing.
Quantitative Measurement
The process of obtaining and evaluating numerical data to describe attributes of a phenomenon.
- Comprehend the basic aspects of decision making, including its meaning and the components it comprises.
Learning Objectives
- Comprehend the basic aspects of decision making, including its meaning and the components it comprises.
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