New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    A company is deciding on whether to buyout its

    competitor or not. One group is analysing all the pros of buying out while another group is listing down all the cons. Which technique of decision-making is being used by the company here?
    A Didactic technique Correct Answer Incorrect Answer
    B Nominal Group technique Correct Answer Incorrect Answer
    C Fishbowling technique Correct Answer Incorrect Answer
    D Delphi Technique Correct Answer Incorrect Answer
    E Synectics technique Correct Answer Incorrect Answer

    Solution

    Didactic Interaction – this is used when decisions to be taken are dichotomous in nature. For this method, instead of one group of experts, two group of experts are created, one favouring a “yes” decision and other favouring a “no” decision. The first group enlists all the “pros” of the problem solution and the second group lists all the “cons”. Each group then generates the list of justifications for their decisions and then interact and discuss with their findings. With mutual interactions and discussions, both the groups arrive at a consensus and a decision is taken.

    Practice Next

    Relevant for Exams: