MANAGERIAL JUDGEMENTBy Sanna Shaikh

Rukhsar Surve

Managerial Judgement

Broad in scopeprocess of managerial decision-making manager's ability to use judgement to solve

problems. using a structured decision-making process

helps managers maintain a balanced, fair and efficient sense of judgement.

Technique

It Is A Common Technique Of Demand Forecasting.

There Are 3 Approaches Of Managerial Judgements.

Bottom-up Approach

Involvement of 2 important HR structure of organisation:Line managersTop management

Top-down Approach

Involvement of top management information is supplied to various

departmental heads for their review and approval.

Participative Approach

 A combination of both the bottom up and top down approach

Under this approach, top management and departmental heads meet and decide about the future human resource requirement.

unanimous

Results Of Managerial Judgement

Simulated interaction is useful to predict the decisions in conflict situations, such as in negotiations.

In addition to seeking good feedback, forecasters explicitly list all the things that might be wrong about their forecast. This will produce better calibrated prediction.

conclude on final numbers of manpower required.