Answer to Question #269714 in Management for lyle998

Question

You are a local consultant whom Bob has called in to advise him as he makes this crucial choice. Which structure do you recommend? Why?

Answer 1

Every decision consists of several primary structure. These structural elements include Management objectives, Decision options, and Predictions of decision outcomes. By analyzing each component separately and thoughtfully within a comprehensive decision framework, it is possible Bob to improve the quality of decision-making. The structure Bob should take begins right from, problem definition, defining objectives and alternatives, stating the consequences with a risk tolerance.