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5 cards from this section. Quick, good the night before a test.
What is problem identification in the decision-making process?
Think about what issues may arise that need addressing.
Name one key reason why data collection is important.
Consider how solutions depend on having accurate information.
What is the first step in the decision-making process?
Think about which step starts the process.
True or False: Evaluation of alternatives only involves qualitative data.
Consider what types of data can be involved in evaluating options.
You’re part of a management team at a tech company facing declining sales on a product. Carry out a SWOT analysis for launching a new version of the product.
Break down the analysis into each component - start by identifying internal strengths and weaknesses.
Consider a scenario where a product launch failed due to lack of market research. Discuss the impact of omitting the data collection phase in the decision-making process.
Think about how accurate information affects decision outcomes.
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