FMST 238 Lecture Notes - Lecture 9: Decision-Making, Problem Solving, Peter Principle

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19 Nov 2017
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Choice is the act of selecting among alternatives. Risk is the possibility or perception of harm, suffering, danger, or loss. Happiness is not so easily defined, but most would agree that it is the degree of hap- piness with which one judges the overall quality of his or her life as favorable. Management is the process of using resources to achieve goals. In other words, manage- ment is the process of using what one has to get what one wants. The process includes the functioning, actions, thinking, and events that occur over time. The management process involves thinking, action, and results. Because it is results- oriented, management is considered an applied social science. Problems are questions, dilemmas, or situations that require solving, such as should i buy or rent a home? . Needs are what we need to survive or sustain life, such as food and shelter.

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