Answer to Question #272186 in Management for rono

Question

1.               The quality of managerial decisions is significantly influenced by the quality and quantity of information available. Provide a brief account on the factors that may lead to incomplete information during the process of making decision.

                                                                                             (5 marks)

 2.               Fredrick Winslow Tylor, Henri Fayol and Max Weber are considered as highly influential classical theorists who made significant contributions to development of literature on organizational management. Discuss their key contributions to the theory and practice of management.    

Answer 1

Inputs of Information

It is critical to have appropriate and precise knowledge about the situation while making decisions; else, the decision's quality would degrade.

Prejudice

Our perceptual processes add prejudice and bias to our judgments, which can lead to ineffective conclusions.

Cognitive Restriction

A human brain, which is the wellspring of thinking, creativity, and decision-making, is constrained in a variety of ways. For example, with the exception of a few exceptional conditions, our memory is short-term, capable of storing just a few thoughts, words, and symbols.

Management theories assist businesses in focusing, communicating, and evolving. Using management theory in the workplace helps leaders to concentrate on their primary objectives. When a management style or philosophy is applied, it immediately simplifies the organization's main priorities.