2.3 (HL-Only)

Question 1

Scientific and Intuitive

Answer 1

Managers/Leaders need to make essential decisions based on the current situation of a company.

can be make or break decisions, if not for the company itself, but for the manager themselves as a failed/poor decision can have a ripple effect on the business and a leader’s role within the company.

Question 2

What are factors that can shape a manager’s approaches to decision-making

Answer 2

Experience, Hunch/Instinct, Data (the scientific approach)

Question 3

why are specialists brought in for decision-making?

Answer 3

• Using past events to help and shape a decision and evaluate possible variables based on past actions/events
• Experienced leaders are often brought in to consult on essential decisions or are kept on even after they stop dealing with day-to-day tasks.
• Sometimes goes against the data/evidence collected which supports a particular decision (high risk)
• More common with new markets/products/services as previous data may not exist

-Often connected to the leadership style or personality of the leader(s)

• Happens when a quick decision is necessary