Description
5.1 Learning Outcomes:
- Compare rational and nonrational decision making.
- Explain how managers can make decisions that are both legal and ethical.
- Describe how evidence-based management and business analytics contribute to decision making.
- Describe how artificial intelligence is used in decision making.
- Compare four decision-making styles.
- Identify barriers to rational decision making and ways to overcome them.
- Outline the basics of group decision making.
5.2 Action Required:
A ?decision? tree is a graph of decision and their possible consequences. It is used to create a plan to reach a goal.
5.3 Test your Knowledge (Question):
- What are the advantages and limitations of using a decision tree.
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