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The Delphi technique is an approach to generating new ideas or problem-solving amongst a group or team. Each member or interested party submits his or her recommendations or views on the issue under review to a central contact point. All ideas generated in this way are then circulated to all those participants in the process, who then have the opportunity to submit comments on them. This process is repeated until a consensus emerges. Although time consuming, it can be an effective approach to the management of change. Delphi method was developed way back in 1950s by Olaf Helmer and Norman Dalker at the RAND Corporation to forecast the impact of technology on warfare. It was incorporated to reduce the range of responses and arrive at a consensus.
In the decision-making process, which of the following is the most essential element required?
A manager relying on previous successful decisions to make current decisions may be influenced by which bias?
Why is it important to communicate the decision to relevant stakeholders?
What is the purpose of evaluating the feasibility of possible solutions?
Which of the following is not a feature of Decision-making process?
The __________ management function is most closely related to decision making.
How does effective communication contribute to the decision-making process?
Which of the following decision theory is concerned with how people actually make decision?
A decision taken by a committee of a Board of a company is in nature of a __________?
Chandra is planning a team-building weekend trip and wants the trip to take place at Goa. However, he is unable to find a venue that can accommodate the...
