Factors affecting the quality of decisions

Question 1

What internal factors can affect on making a decisions?

Answer 1

• Employees
• Time available
• Experience
• Information
• Technology
• Finance
• Company policies
• Risk taking

Question 2

Employees:

(Factors affecting decisions)

Answer 2

They may be resistant to change and could potentially sabotage decision making

Question 3

Time:

(Factors affecting decisions)

Answer 3

If it doesn’t need to be done urgently it can be fully disgussed so a more informed decision is made

Question 4

Experience:

(Factors affecting decisions)

Answer 4

Higher skilled management in more likely to make a good decision

Question 5

Information:

(Factors affecting decisions)

Answer 5

The quality and quantity of information enables managers to be better decision makers

Question 6

Technology:

(Factors affecting decisions)

Answer 6

Up-to-date technology increases the productivity of the business so information is processed quicker

Question 7

Finanace:

(Factors affecting decisions)

Answer 7

Lots of finance allows more options for decicions however it doesn’t actually solve the decision making process

Question 8

Company policies:

(Factors affecting decisions)

Answer 8

Certain policy’s remove decision making options from managers

Question 9

Risk taking:

(Factors affecting decisions)

Answer 9

Some managers may be more likely to take risks than others