Task V. It is known that managerial decisions are made with a variety of constraints. What are they?

Task VI. Rearrange the steps of a decision-making process in the correct order:

1. Analyze the probable outcome of each alternative.

2. Collect and analyze information.

3. Decide on the best solution.

4. Evaluate the results.

5. Define the problem.

6. Develop alternatives.

7. Implement the decision.

 

Task VII. Translate the following sentences into Russian:

1. While performing their everyday functions managers deal with the continuous stream of decisions.

2. Decision-making is always in response to some specific need that presents itself.

3. To decide is not just say “Yes” or “No”, but to react to something that should be done.

4. Usually the decisions are made in the environment of risk, certainty and uncertainty.

5. A young innovative company may look for managers who are able to make quick intuitive decisions and not to be reluctant to trying new approaches to problems or situations.

6. Managers seek out for best available solutions under the existing constraints.

7. Some managers base their decisions on intuition or hunches.

8. To be effective decision-makers, managers must be able to make choices about which approach to use in terms of the situation and their own personal management style.

9. The rational decision-making model is a step-by-step process that begins with defining a problem.

10. The rational model is based on hard facts and logic.

 

C. Follow-up activities.