Explain the various decision making techniques and the factors influencing it?

Question: Explain the various decision making techniques and the factors influencing it?

Various decision-making techniques include brainstorming, cost-benefit analysis, decision trees, and SWOT analysis. The choice of technique depends on the nature of the decision, the available resources, and the decision-maker's preferences. Factors influencing decision-making include the level of risk involved, the complexity of the decision, the decision-maker's personal biases and values, the availability of information, and the time constraints. It is important to consider these factors and choose an appropriate decision-making technique to ensure a well-informed and effective decision.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.