Essays on Decision Making Process

Business

IBM Case Analysis

In order to determine the competitive advantage of the IMB corporation (if such in fact exists), it would be reasonable to apply a matrix developed by the Boston Consulting Group. Although originally it was aimed at describing a life cycle of a particular product, it is also applicable to the companies, in general (Proctor, 75). Companies entering the market may be defined as question marks, as their market share at the beginning is low, and the market growth rate is inessential. If the company develops products and services required by consumers, both the market share and ...

Question 3

The pros of the sole proprietorship involve the simplicity in the decision making process as well as low organizational and the operational expenses. The key drawback involves the unlimited liability to the owner of the firm where he can lose all his personal properties as well as capital in case the firm incurs any losses.

Question 4

A limited partnership tends to allow some of the partners so as to limit their liability. Under this type of the arrangement one or more of the partners are the designated general partners tend to have the unlimited liability for the debts of the ...

Advise To the Mayor City of Kelsey

Advise To the Mayor City of Kelsey

One of the main objectives of the city government is to make sure that there is an efficient and effective strategic planning process for further development of the city and ensure smooth flow of services. In addition, ensuring that there is effective teamwork which have shared visions, missions, sense of direction and objective is critical as this would bind the team for the common objective. The values and motives of the society in the city also play a critical role in enabling building of teamwork. It is important to note that the ...

Nursing

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Abstract

While it is obvious that various cultures and even various groups of people may have different concepts of justice and the way it is exercised, there is probably no such thing as the universally accepted concept of justice. Nevertheless, people tend to respect those who stick to the vision of right and wrong, that is shared by the vast majority of the group. If someone tends to violate those principles, he or she deserves criticism or even punishment. On the other hand, a person who knows, understands and accepts the rules of the game, deserves respect and ...

Abstract

The topic of body dysmorphic disorder (BDD) among adolescents is well documented, and so is the peer conformity in relation to teenagers’ decision making process. However, there are solely secondary references to how peer conformity influence decision making process among adolescence diagnosed with BDD, which is why, the aim of the proposed research is to investigate this relationship. The hypothesis suggest that adolescence diagnosed with BDD take extreme approaches in relationship to peer conformity, which further influence their decision making process. The methods section describes the research methodology, the focus group, the descriptive research design, also presenting information about ...

Social protection is significant for minimizing poverty for families and children, also recognizing children's rights. In the present world, many children live in poverty and starving. They are also in the demand of elementary needs and rights. In many parts of the world, families with children are relied at the risk of poverty than other groups of the population with respect to the monetary terms. If a child falls into poverty, he/she will be poor for the lifetime. Only in rare cases, they get education or healthy life. Food poverty can be an obstacle to children's long-term development. Generally, ...

Transitioning from one career field to another can be a daunting task. Apparently, specific work place political issues should be understood to ensure that everything works out smoothly. In my situation, I was transitioning from the medical field to the corporate niche of business in the US. Clearly, the change involved in such a situation brought about some conflicts that strained the laid down power structures in my new place of work. In this paper, I will be analyzing the way the situation occurred, the political structures and frameworks that were overstretched during its occurrence and the strategies that ...

INNOVATION AND TECHNOLOGY

Introduction Objective of discussion The aim of this essay is to critically review the reliability of the legal registration and protection system as it relates to protection of innovation ideas. The essay will specifically discuss about national and international protection system. Innovation as per Thumm (2013) is basically developing a new idea and putting it into practice. May (2013) states that it is crucial to restrict and protect innovations so as to develop a unique new value to customers. Innovations are protected by the legal registration and protection system. However, a number of innovations have failed to receive a ...

Workforce engagement has become a vital issue for many organizations, and an area of interest to both researchers and practitioners. As per Macey et al (2011), workforce management is the association between a company and its workers. An engaged workforce is possible when employees are fully committed about their job duties and so engages in activities that enhance the interest and reputation of the organization. A company with high workforce engagement tends to outperform those with low workforce engagement. The achievement of desirable levels of workforce engagement is influenced both positively and negatively by a number of factors. Studies ...

CLOSING CASE:

Teams Fuel Global Innovation at Whirlpool Cross functional team at Whirlpool Charles Jones came up with cross functional teams with his expertise and knowledge regarding the products that need maximum benefit at Whirlpool. He was actually hired to build a better and a global division that enhanced the cross functional teams, as such he was a Vice president of the company. there were reasons as such to select the cross functional team at Whirlpool because the design of the products matter and as such the new product development part has to be carried with some consequences that led to ...

Introduction

The aim of the assignment is to develop an outline with the purpose of making suggestions for improving the involvement of employees. Hence, the paper has been divided into diverse sections that include a description of the importance of job involvement and the ways involvement of employees can be enhanced.

Factors that affect organizational performance

There are both internal and external factors that affect the performance of organizations. The paper discusses the employee related internal factors that make a significant impact on the performance of the organization. These factors include job satisfaction, employee involvement, and motivation.

Job satisfaction:

Job satisfaction is the level at which employees ...

The leadership theory that appeals me the most is behavioral theory. Behavioral theory emphasizes that leaders are not born instead they are made. The theory is indicative of the fact that successful leadership can be achieved via learnable and identifiable behavior (Yukl, 1971). This theory, however, does not consider inborn abilities and traits, but look at the actions or acts of leaders. This theory suggests that strong personality, self confidence, and ego with positive attitude are required for leadership. Behavioral theory believes that behavior of leaders directly exert their influence on efficiency and effectiveness of workgroup. Further, this theory ...

Abstract

An element of bias in any decision making process may be triggered off by various factors. One factor that can have a profound impact is the deeply ingrained value system of the decision taker. A conservative interviewer might find the dress of a lady candidate too ‘loud’ and that may color his decision to select the candidate. Such biases can at best be minimized and cannot be ruled out completely. Decisions are often termed as rational choices (Samuelson & Zeckhauser, 1988). Selecting the best choice highlights the rationality behind the decision making process. One can try to impersonalize the decision ...

Business Management Assignment

Module 1 Activity 5

Given all the proposed changes, I think that the most likely reasons for resistance to this change is that they will disagree with disbanding their groups because they have learned how to make things more productive by the cooperation of each of them. Disbanding them might make them withdraw their contract to the store and will just start looking for another store where they can all work together again. Another might be the distance of the other store because proximity from their homes is one of the things that are always considered by employees when ...

Business Management Assignment

Module 1 Activity 5

Given all the proposed changes, I think that the most likely reasons for resistance to this change is that they will disagree with disbanding their groups because they have learned how to make things more productive by the cooperation of each of them. Disbanding them might make them withdraw their contract to the store and will just start looking for another store where they can all work together again. Another might be the distance of the other store because proximity from their homes is one of the things that are always considered by employees when ...

Zadok limited company is an equity investment company that offers financial advices to its esteemed clients interested in investing both in the capital and money markets. The company has launches a project to implement management information system. This system will ensure real time relay important financial information across its departments. Employees will be able to make informed decisions based on the available financial information and avoid speculative decision making process which has been practiced in the company for over four years now.

Project scope

The primary objective of this project is to enhance information transparency across all the departments and to ...

Introduction

The paper is intended to develop a report about different management styles in the context of industrial or employment relations to compare it with the sophisticated paternalist/ HRM (Human Resource Management) approach. The management styles in employment relations may be different from how it is taken or considered. The preferences and choices of the organization directly impact on its strategies to develop a relationship with its employees (Miller, 1987). The preferences are usually aligned with the dominants of the organization that is directly involved in decision making process of the organization. These preferences of the dominants directly result in ...

TerraCop Case

Communication is one of the key tools in business and planning. If communication lacks between employees, departments, and partners business transactions will face a significant amount of challenges that can limit if not diminish the success of an organization. TerraCog has been in operation and business since 1977. From the time the organization, begin to the present there has been an immense amount of success in the fish and gaming industry because of the unique and usable products TerraCog has been an innovative and strong competitor that slowly introduces new products to underserved markets. One of the products that ...

Ethical dilemma arises when there is conflict between ethical principles (Tigerman, 2008). The common ethical dilemma that arises in nursing include: What is the fair or just solution to this problem or to whom do I have a duty towards? When such situations arise in practice, the ability to solve the dilemma in an ethical way is very important. Ethical decision making will help to direct the nurse to the right course of action in such situations. It can also help to analyze the decision made by others in a similar situation. A person’s personal standards of right ...

Abstract

Battles are either won or lost because of a commander’s decision. As a leader of his team, the commander is the central authority when it comes to the military decision making process. But underlying these decisions are his subordinates who are often tasked with making plans and course of actions. These courses of actions are often laid-out by subordinate officers, which make them highly influential in the outcome of a commander’s decision. Over the years, standard procedures have been developed and observed when making decisions in the military. Of particular interest is the seven decision-making steps outlined ...

Advanced nursing practice is recognized as an advanced level of nursing care that uses in-depth nursing knowledge and nursing expertise to meet health care needs. Unlike traditional nursing practice, advanced nursing practice involves numerous streams of activities like: analysis, knowledge synthesis, critical thinking, decision making, interpreting, evidence based practice and managerial/administrative roles. The evolution of advanced nursing practitioners happened when nurses were expected to take extra responsibility in addition to their traditional role. Due to lack of a sufficient number of doctors to attend to people in remote areas and in families, nurses were given the added responsibility to ...

Five basic styles on the managerial grid are County Club Management, Organizational Manager, Do-Nothing Manager, Team Builder, and Production Pusher (Heger 353). Knigheter provided Jane flexible work schedule so that after coming back from holidays, she can accomplish work in more effective manner. She satisfied his employees, and created friendly environment for them, ensuring country club management. Knighter and Sam proved their selves to be team builders as they focused on developing trust and respect with people in order to work for achieving organizational goals in best possible manner. Team builder represents ‘interdependence through a common stake in organization ...

Introduction

Leadership in the business plays a critical role in offering the direction to the organization, motivation to the workers, and in fostering internal relationship and smooth production (Adrian, 2011). The management plays the dual roles of structural and systematic directives as well as leadership roles along the socio-cultural perspectives. The roles and effective responsibilities of the directorship in the organization is critical in improving the business response and crisis management. Crisis may arise in the firm because of various reasons that can be centered in the internal enterprise operations or from the external factors associated with the industry operations ( ...

Influencing Factors on the Consumer Decision Process

It is understood that before consumers make the actual purchase for a product, they have to go through a buying decision process. The theory has presented the process in detail because these are the steps which customers experience either consciously or unconsciously to purchase a product or a service. The customers of Canon G7x would have to go through a series of steps before they decide to buy the camera. Before going into the details of describing the consumer buying process, a strong understanding of the consumer involvement theory needs to be developed. The theory is based on the ...

Introduction

Managers are constantly making decisions that affect the operations and the bottom lines of the business. Such decisions could include the stocks in which to invest, when to introduce a new product into the market, how to optimize the profits of a firm, how to assign employees to various tasks, and when to venture into new markets. Managers require information to make correct and timely decisions. Managerial accounting and financial accounting are potent sources of the information that managers require when making decisions. Managerial accounting entails the identification, measurement, and communication of the economic information that is needed by ...

An administrator can build partnership between the agency’s formal and informal structures in a number of ways. To begin with, administrators can ensure this partnership by clearly defining the mission, procedure and policy at the organization. Further, according to Stojkovic, Kalinich and Klofas (2015), this partnership can be created by ensuring an inclusive, democratic and interactive working environment in which the personnel are comfortable while at work in the organization (p. 23). Moreover, this can be done through an open-ended decision making process that ensures that all the stakeholders within the formal and informal structures of the organization ...

Agriculture takes up a large part of our daily lives and about a third of the earth’s surface (United Nations Environment Programme 1). Many rural activities take place on the land (earth’s surface) making it susceptible to exploitation and bad management. It is therefore the prerogative of farmers and ranchers to conserve and manage their physical environment because this serves as their major source of sustenance. One of the major ways they can do this is through the help of farmer organizations playing important parts in the policy formulation of the agricultural sector in whatever region they ...

I.0 Introduction The Farm Bank, just like any other organization must enhance its capabilities to be able to cope with the growing demands of the banking institution. While the top management came up with the right decision in adopting a new Management Information System (MIS), our analysis revealed that the managers should have made the decision after taking every aspect related to the new MIS (Ahmed and Omotunde, 2012) This is especially so in the banking industry where there are complex processes involved in the collection, analysis, summarization and presentation of valuable information that are needed for decision making. ...

Organizational Structure

Any organization that intends to succeed in achieving its goals and objectives must ensure that there is a proper organizational structure. An organizational culture is critical as it helps define acceptable behavior within an organization while establishing efficient working mechanisms. Unique Supplies (Wales) Limited has done a commendable job of making an effort to establish an organizational structure. However, it does not appear to be in congruence with its goals and objectives as evidenced by the drop in productivity and an unfriendly working environment. An organizational structure is not only an instrument meant for the internal working of the ...

1. Policing involves complex roles and responsibilities in today’s current time. To be effective in the performance of their duties, there are important strategies that are considered to be the most relevant and important to the police authorities. Community policing and evidence based policing are two important strategies that will enhance the ability of the police officers in addressing the constantly changing environment involving crime and disorder. Community policing generally involves the collaboration between the community members and the police in identifying and solving problems affecting the community. The concept of community policing introduces the new perspectives providing ...

Abstract

Economics is the science of studying behavioral aspects of the consumer market. Trends in the consumer market directly influence the production, distribution and consumption of goods and services. Micro economic specifically explores the aspects of rationalization that affects the decision making of the consumer market. Research in these areas is key to the basis of institutional theory: which can be used to make future productions of the consumer market for instance. The theory of bounded rationality holds, that the decision making process is usually influenced by limitations such as time, available information and cognitive functions. The consumer therefore is ...

There are various factors that influence the type and effectiveness of a leader in any country. These factors influence the control of the various technologies in the same country based on the ethics, type of governance and the state of the technological advancement in the country. In the case of Technologica country, these factors will play an important role on my leadership of the country. This essay is going to discuss the things to do to control some of the technology innovations, the type of government and how it affects the ability to make decision on control and benefits ...

1. The three policing strategies that are found to be most important are community policing, problem oriented policing and evidence based policing. Community policing involves the establishment of partnership with the community by the police officers. This strategy will allow the police officers to develop a constructive relationship with the community members that will allow them to reach out in helping them solve their problems about crimes and not merely to respond to the calls for service (Albrecht and Das, 2011). The process will result in the decentralization of the police organization that will result in a more responsive ...

The economics and analysis is used by the board to covey the oversight tasks. On the other hand the Center of the economic and Analysis fosters the academic research during the capital market audit and also performs the necessary economic analysis when auditing the impacts of PCAOB as well as other similar professional practices (PCAOB n.p.). The analysis began in 2014 and its key role is to advise the board and PCAOB staff on the importance of the capital information audit as well as the protection of economic audit and analysis. It also provides ne3ccessary information on how the ...

Introduction

The report is intended to conduct the critical analysis of the management decision making process to identify and explore the sources of the information and data for the decision making and what tools and techniques can be used by the management to make decisions. For this purpose, the report is going to analyze the issues in the context of the case of WM Pressings Company and OIL project. WM Pressing Company is a company that manufactures pressed steel and parts of aluminum for the companies exist in the automotive industry. The company has faced the poor quality performance as ...

Introduction

An effective and excellent leader has many skills, both recognized and unrecognized. He or she is a problem solver, the person who encourages others to act on decisions that he or she thinks will benefit the whole, instead of just one person. He or she is sensitive to the needs of others, and he or she makes sure that when faced with a difficult decision that he or she is just, fair, and ethical.These decisions are usually very difficult, and sometimes many people or communities rely on a quick, decisive, and right action. Leaders are not always the popular ...

Introduction

Owing to the fact that policy implementation is essential to the development of a company, Turner Constructions needs to embrace an influential ethical decision making framework. This is largely accredited to the fact that the current system is rather inefficient and is not centered towards the welfare of the employees. The current system does not ensure equality in the employee compensation due to the wide salary margin between field engineers and project managers $54,522 and $130, 893 (Payscale, 2016). Additionally, the newly employed personnel do not get a good conducive environment for growth due to the inadequacies of ...

Management Information System

Introduction The paper is intended to examine the management information systems (MIS) of the companies in the world to understand that the companies are using information system and related disadvantages of using management information system. For this purpose, the study is going to conduct the comparative study of the management information system of two different organizations. The organizations selected for the comparison include Zara and Benetton. Both of these companies are related to fashion industry where, Zara is based in the UK, and Benetton is based in Italy (Pirone, 2010).

Zara and Benetton both are involved in using management ...

The purpose of this paper is to discuss the different methodologies in the decision making process for the supply chain management. The first thing about analyzing the decision making process is self-awareness. Primitive methods used to utilize the self-report one, in order to get an insight for the behavior of decision making. Supply chain management is a delicate field; it requires precise and immediate decision making. Let`s take a closer look on some of the more advanced decision making analysis methodologies and how it can be implemented in the supply chain industry.

The Experimental Paradigms and Variation in Decision Making Process.

The method`s terminology is self ...

Introduction

This report demonstrates how Uno Homes (UH) will respond to their operating environment through the use of PESTLE analysis, which can be used as a basis for future planning and strategic management. Such analysis of the surrounding environment is designed to point out the specific opportunities and threats that will impact the future strategy of UH.

Organisational Profile

Uno Homes are homebuilding specialists, one of several house builders operating in the city of London. Uno is the commercial brand of Uno Homes Group, one of the leading providers of homes in East London that was formed to meet the growing demand ...

Improvements in Public Education

1598 Camarillo Street

Anaheim, California

818.432.2465

Dear City Councilman Roberts:

I appreciate speaking with you and the Anaheim City Council about the formal proposal for improving the standard of education in Anaheim public schools. In response to your interest in our company, I am submitting this formal proposal to provide an outline of our services to your city regarding future educational plans after the failure of the Anaheim Union High school District to improve the standards in failing schools. This proposal outlines the benefits of having Winston Educational Trust to propose future plans to better the educational system in public schools in the city of ...

Introduction

In any negotiation process, there are always constraints involved and decision making process involves an analysis of the gains and tradeoffs one has to go through to reach the best optimal solution.

Decision making process is not just a psychological process as perceived by many but more of a game theory because both the bidder and the negotiator are faced by various constraints, which both have to develop a model with both constraints and targets and later iterate to obtain an optimum solution. Here, again, BATNA (best alternative to a negotiated agreement) comes into play; both parties must go for a sacrifice. None ...

Assignment One of interpersonal managerial roles developed by Mintzberg is the role of a figurehead, an individual who holds a majorly ceremonial role and carries out tasks like signing legal documents and greeting visitors. The figurehead holds no real decision making powers and can be exemplified by a ceremonial non executive director in an organization. Leadership is another of the roles, and it involves carrying out of all the conventional management roles of directing, controlling and staffing. An example of this role is a chief executive officer who is in an overall supervisory position and directs all the operations of an ...

Introduction The process of decision making can be referred to as the cognitive mental processes over certain issues regarding the subject matter that result in the appropriate selection of the right course of action among various given alternative scenarios. The end result of any decision making is the selection of a final choice among other several options. Decision making is a vital step and activity in the running of a company (Hoch & Kunreuther, 2004, p 17). Companies face the need to make certain decisions daily. The nature of these decisions is the final and vital determinant whether the firms succeed or ...

Power is a significant tool in decision making. It differs from authority in the sense that it is derived from ability while authority is derived from a right. The ability to influence people in decision making is a unique character trait of personalities in any organization. Decision making is central to the success of an organization. This is why the value of information systems classifies the levels of decision making; that is the strategic, the organizing, and the operational levels of decision making (Lukes, 1974). The main idea of this paper shall be confined to the role of power in decision making. ...

Based on the entire semesters readings and lessons, what are the most important principles you have learned to become a more effective decisionmaker in your organization?

Over the course of this semester, the materials that we have discussed have enabled me to understand much more about the decision making process than I did before. I learned that it was far too easy to fall into poor decision-making attitudes due to our circumstances, our moods, and our biases. These include anchoring, confirmation, hindsight and Sun-cost effect biases, all of which should be avoided when making a decision, as they will cloud your ...

Choice of proposal for adoption

Following our committee discussions for the last eight weeks, we narrowed down our strategic plans to two alternatives. In light of the needs facing the local community and the challenges we are facing as an organization, a choice has been made to adopt Proposal Two for implementation. The reasons for the choice are outlined below.

Comprehensiveness and Inclusivity

Proposal Two presents opportunity for more comprehensive participation of all the stakeholders in the decision making process. It will put in place new procedures and methods that will ensure:

All alternative opinions and contributions from all the members of staff are considered.

All levels of ...

I believe that it is not true that decision making follows a logical, linear progression in our mind as we think over a decision. This is because the rational decision making model makes a lot of assumptions that make it fundamentally flawed. The various steps that are followed in the model give rise to assumptions that form the basic weaknesses of the model and therefore lead the questioning of the truthfulness of the model. The model assumes the availability of all the relevant information for the decision making process. Perfect information for decision making cannot exist and there will always be ...

Abstract

This paper is going to assess the analysis reviews decision theory, the political and rational models and their impacts, financial or otherwise to the various levels of government. Rational decision theory holds that decisions are made on their financial impacts. When a decision is deemed financially hazardous to the situation at hand then such is not made while if it financially safeguards the interests of a certain department or any level of government the decision holds. Political model on the other hand reiterates the making of decisions based on their political impacts: political correctness. Decisions made on such basis are always ...

Abstract

The concern in this argumentative paper is widely been investigated by researchers who want to show how the internet has been used in elections. Facebook and YouTube are the common social networking website tools used by most presidential candidates as a means of communication between voters and constituents, events organization, donation collection, and community fostering. This paper is going to examine the role played by visuals designs and social networks during the campaign period in 2008 where Barack Obama was elected as the president of the United States of America. Political marketing in presidential U.S. campaigns has used the internet ...

Introduction

Buyers’ behavior is usually affected by a number of factors. In order for buyers to settle on purchasing a given commodity, a series of processes has to take place in their minds. The process of making a decision on what item to purchase is a very complex process whereby buyers have to identify the problems and realize the items they do not have but needed. Whenever consumers realize that there is something that they are missing in their lives, they will attempt to devise mechanisms of acquiring that item. This is also a very complex problem as buyers will have to carry out extensive research ...