decision making processes

What Factors Influence Decision Making?

Multiple factors can influence business decision making:
- Internal Factors: Organizational culture, resources, and internal policies.
- External Factors: Market conditions, competition, and regulatory environment.
- Stakeholders: Interests and influence of customers, employees, shareholders, and other stakeholders.
- Risk Tolerance: The organization’s willingness to take on risk.
- Time Constraints: Deadlines and urgency of the decision.

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