Question

Discribe the three major decision-making research perspectives.How are they important to understand the three major types of decision-making approaches.

Answer 1

Here are the three major types of decision-making research perspectives and their importance:

• The first type is the exploratory research: It is often done through observations and adopting methods like interviews or surveys. It helps to get the initial research for the information and gives an idea about the decision to be taken.  
• Second is the explanatory type of research: This is based on the cause-effect relationship of the research. This is deductive in nature as compared to exploratory research and helps to simplify the information gained in first stage. It gives an idea to understand the relationship between various dimensions of a problem.
• Third research type is the descriptive research which can support both explanatory and exploratory studies. This covers more detailed aspect and helps to further expand the preliminary research.

It is important to understand the three major types of approaches as:

• it is based on the perspective decided by the researchers. He/she may be more objective and hence his decision will be made accordingly.
• The subjective research can also come into the picture where experiences of research participants will be given more thrust.
• It is important to understand them as it helps in the management of control and direction in the entire process.
• It helps to direct the team as it defines the actions steps, type of motivation, deciding orders and rules etc.
• In control areas, it helps to decide standards, benchmarks, control point and various procedures.

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