Managerial decisions differ according to the level of management and the nature of the situational variables.

Question

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Managerial decisions are influenced by various factors such as the level of management (top, middle, or lower), the nature of the organization, the industry, the economic and political environment, and the size and complexity of the organization. The decisions made by top-level managers are strategic in nature, while middle-level managers make tactical decisions, and lower-level managers make operational decisions. The situational variables such as the availability of resources, competition, technology, and consumer demand also affect the decision-making process of managers at all levels.

Managerial Decisions Differ According to the Level of Management and the Nature