1. Decision making is done by managers holding the most senior positions. 2. A simple comparison of total estimated income from the competing products may provide as good a guide to decision making. 3. In most ways, the corporate approach should mirror the individual approach described above, i.e. it should be systematic, planned and integrated with business decision making. 4. Give due attention to risk analysis, evaluation, decision making, implementation and monitoring during all phases of an engineering project to ensure effective management of risk. 5. Some contracts are specifically drafted to reduce the incidence of claims by promoting team work and by encouraging forward-looking management and decision making. 6. The real failure of the Polytechnic is that it has not established a community of academics with a corporate identity and with sound machinery for democratic decision making. 7. It will involve more members with decision making taken by those who are responsible for reporting back to the members and for carrying out the effects of such responsibilities. 8. Discuss the reasons why accrual accounting methods are not appropriate to future decision making. 9. The determination of the internal opportunity cost can be a very useful tool in the decision making and the planning process of an organisation. |