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Decision making Essay Topics & Paper Examples

Boundryless Org

1. Identify some of the problems likely to occur in a boundaryless organization like Newskool Grooves. What are the Advantages of boundaryless organizations? Some issues that have occurred at the Kiev offices, managers there said that their computer programmers find working with little structure is uncomfortable. They are used to the idea of a strong leadership structure and well-defined work processes. Trying to reach co-workers in other offices who practice boundaryless organization has become an issue for some managers. They said that when they call the office they say to wait until their meeting day which is an issue because they have an immediate issue and cannot always wait until they decide to get together. Developers working on hardware in…

Case Analysis: Ski-Right

I. Background of the Case The case begins with Bob Guthrie, a retired physician and an avid skier, who realized that there was a need for a special ski helmet following the recent incidents that lead to serious head injuries for skiers. There were existing ski helmets in the market, but Bob believed that he had a chance to make helmets more appealing to the people, by adding new features. Bob took this idea as something that could not only be an outlet for his creativity, but as a way for him to make some money. He set out with the goal of making helmets that were attractive, safe and fun to wear. With this in mind, Bob came up…

Corporate Governance

1. Business Decision; that compares the costs and benefits of manufacturing a product or product component against purchasing it. If the purchase price is higher than what it would cost the manufacturer to make it, or if the manufacturer has excess capacity that could be used for that product, or the manufacturer’s suppliers are unreliable, then the manufacturer may choose to make the product. This assumes the manufacturer has the skills and equipment necessary, access to raw materials, and the ability to meet its own product standards. A company who chooses to make rather than buy is at risk of losing alternative sources, design flexibility, and access to technological innovations. Determination whether to produce a component part internally or to…

Analysis: Decision Making In Kava

Decision making is one of the important and crucial aspects in running a business that business executives delegate to their subordinates, in the hope that those they think are qualified to make sound decisions indeed make very good decisions that will always be for the best interest of the company. Decision making is a privilege, but it is nonetheless a difficult task that cannot be avoided. Because of its importance and the difficulty that goes along with decision making, professionals over time managed to draft certain decision making techniques that can help those who find themselves in a great difficulty over the inability to produce a decision making process that will guarantee the providing of the best result possible for…

Cultural Differences, Usa and Masai’s

There were many cultural differences between the Masai’s and the U.S. The fundamental difference I notice was their simplicity. They think that every big celebration and every tragedy that people go thru in their lives should be celebrated or minimized by the gift of cows. I think that the fundamental similarity between our cultures is the need to help those in need, compassion. When September 11th. happened the whole nation was shocked and hurt. Even those who didn’t have family in the twin towers felt the need to help. The same happened with the Masai tribe, they didn’t have the money or the resources to help us with, but they had what they thought was the next best thing; cows….

Dawn Riley

CEO of America True, Dawn Riley, faces several issues of various criticalities that require careful decision making. The preeminent decision that Dawn Riley faces is whether or not to spend limited funds and resources on upgrading Tag, their training boat. Concurrent with that decision, Dawn is facing several other issues and challenges that need to be addressed. In order to address each of the challenges, a standard issues matrix used below highlights the severity of an issue and the likelihood of it requiring immediate or drastic action. Red: Critical and require immediate management action or decisions Yellow: Lesser critical nature, requiring monitoring of controls to ensure that controls stay in place and does not lead to a more critical ranking….

Management Information System

ABSTRACT Management Information System (MIS) provides information for the managerial activities in an Organization. The main purpose of this research is, MIS provides accurate and timely information necessary to facilitate the decision-making process and enable the organizations planning, control, and operational Functions to be carried out effectively. Management Information System (MIS) is basically concerned with processing data into information and is then communicated to the various Departments in an organization for appropriate decision-making. MIS is a subset of the overall planning and control activities covering the application of humans, technologies, and procedures of the organization. . The information system is the mechanism to ensure that information is available to the managers in the form they want it and when they…

Managerial Skills

Management is a challenging job. It requires certain skills to accomplish such a challenge. Thus, essential skills which every manager needs for doing a better management are called as Managerial Skills. According to Professor Daniel Katz, there are three managerial skills, viz., 1. Conceptual Skills, 2. Human Relations Skills, and 3. Technical Skills. According to Prof. Daniel Katz, all managers require above three managerial skills. However, the degree (amount) of these skills required varies (changes) from levels of management and from an organisation to organisation. The above picture or diagram shows the managerial skills which are required by managers working at different levels of management. The top-level managers require more conceptual skills and less technical skills. The lower-level managers require…

Mktg Plans

The type of decision-making a consumer uses for a product does not necessarily remain constant as the needs and wants of consumers are constantly changing and newer innovations are constantly being churned out to fulfill our changing needs. Nowadays what would usually involve a routine response behavior is not as simple because of the enormous variety a consumer has to choose from. There are many things that a consumer can evaluate in terms of purchasing a product; packaging, price, reputation, and whether or not there is a sale on the item can all be factors that a consumer evaluates. It might be even that the product is currently very trendy at the moment that would motivate the buyer to purchase…

Participation Early Education

Participation in simple terms means to take part in something (Hornby 1995: 844). When referring to children’s rights, the concept is far broader. It is much more than simply asking children for their ideas or opinions. It is about listening to, respecting and understanding children, working in partnership with them, giving children the opportunity to actively make decisions that will result in their ideas becoming reality and their contributions bringing about positive change (Ministry of Social Development 2003). Children’s participation is a right not an optional extra (Participation Works 2012). The United Nations Convention on the Rights of the Child (UNCRC) promotes a rights-based approach to children and states that these rights begin at birth (Alderson 2008: 83). Many of…

Robert Frost “A Road Not Taken”

Robert Frost ever timeless poem “The Road Not Taken” has spanned all time because of its ability to appeal to the basic and inevitable necessities of adulthood –making tough decisions and living with the consequences of said choices in the quest for happiness. Robert Frost used the symbol of two roads to show a young man’s need to make a very difficult decision. In breaking the poem down in terms of reading and re-reading the poem in its entirety, one can’t help but be immediately placed in the shoes of the speaker in terms of one’s own life choices. The poem begins with th speaker standing in the middle of two roads. The imagery used in the poem “diverged in…

Make Better Decision

That the current era of economic uncertainty may have been ushered in through a series of poor government and corporate decisions is implied through the rear view mirror. Could some of the events that shaped todays crises have been avoided through better decision making processes? Thomas Davenport (2009, p. 117) presents examples of “decision making disorder” evident in both the public and private sectors and offers a framework to guide managers in making better decisions in the future. His premise lies in the ineffectiveness of the individual decision-making process resulting in dire consequences for the organization. Davenport provides a framework to guide managers in adopting a more analytical and systematic approach, resulting in greater effectiveness. He posits that the use…

Academic Summary

In the article, How unethical are you? , Banaji et al. (2003) investigate four factors that result in unethical decision taken by managers: Implicit forms of prejudice, bias that favours one’s own group, a tendency to over claim credit, and conflict of interest. The authors believe that the implicit prejudice is an unconscious judgment which originates from unintentional tendency to create relationships in the past. The implicit bias brings about social and economic effects which may eliminate capable people from doing the right job. Another reason is a tendency that benefits members of a group. This happens when those in minority are treated differently and less supported by the larger group only because they are a small group. Unaware exaggeration…

Developing and maintaining trust at work

Developing and maintaining trust at work is essential for structure and balance within the working environment and for a business to be successful in its chosen fields. Trust is built on the following, respect, honesty, integrity, communication, attitude, approachability, manners and commitment. Trust can be broken down by using a trust model that then incorporates decision-making factors and situational factors. Decision making factors consist of the following: How risk tolerant is the trustee? How well adjusted is he/she? Situational factors consist of the following: How similar are the parties involved? How secure do the parties feel? Does the trustee show concern? Have they shown predictability and integrity? Do the parties have good communication between them? How much power do they…

Natural Justice

4) What is natural justice? Natural justice is a natural sense of what is right and wrong. It is a procedural concept and does not imposed any substantive restriction. Besides that, natural justice is also a fair administrative procedure to be followed by the administrative body in arriving at a right decision. Natural justice has two main components; the rule of hearing or rights to be heard or audi alteram partem and the rule against bias or nemo-judex in causa sua. 5) What are the main elements in nemo-judex causa sua? Nemo-judex causa sua means the rules against bias. It means that a man should not be a judge in his own cause. The principle that bias disqualified an individual…

Project Management and Community Members

TopCoder has a very unique and different model with respect to the traditional companies. As a senior manager, I would need to build following capabilities: Firstly, build manpower to oversee a community of over 200,000 members and direct the process of competition based software development. The emphasis would be on not managing individuals but managing the process of participation, fostering community participation and community growth. Secondly, focus on building a critical mass of talent and coding capacity to run many competitions and produce solutions for clients at the same time. This would require attracting new members into the community through more challenges and contents, doing online advertising and member development days. Thirdly, build norms by maintaining the highest standards of…

Smith Design Case Analysis

Abstract This paper is an MBA analysis of the Smith Designs case study written by Sylvia M. Asay, Larry Carstenson, and Susan M. Jensen from the University of Nebraska at Kearney. The purpose of this paper is to determine problems within the company and to find possible solutions and recommendations. The detailed analysis of this case showcase knowledge of Global Management and Leadership course materials learned thus far.   Smith Design Case Analysis Introduction and Summary Owned by Cindy and her husband Greg Smith, Smith Designs is a seemingly successful home-based business, mainly selling crafted headbands to a single account, a department store buyer who supplied fifty-six stores. After five years of major changes and growth, the company has made…

Analytical Hierarchy Process

Abstract The analytic hierarchy process (AHP) provides a structure on decision-making processes where there are a limited numbers of choices but each has a number of attributes. This paper explores the use of AHP for deciding on car purchase. In the context of shopping, it is important to include elements that provide attributes that make consumer decision making easier, comfortable and therefore, lead to a car purchase. As the car market becomes more competitive, there is a greater demand for innovation that provides better customer service and strategic competition in the business management. This paper presents a new methodological extension of the AHP by focusing on two issues. One combines pair wise comparison with a spreadsheet method using a 5-point…

Decision Making and Self-awareness

In today’s ever changing economy and fast paced lifestyles it might seem difficult to find time to think about who we are as individuals. This includes what our strengths and weaknesses, our drives and personalities, and our habits and values are. This is because many individuals are just not inclined to spend large amounts of time on self-reflection. Even when personal feedback is presented to us, we are not always open to it, because honest feedback is not always flattering. Consequently, many individuals have a considerably low level of self-awareness concerning one’s self. This is unfortunate due to the fact that self-awareness is an essential first step toward maximizing management skills. Self-awareness can improve one’s judgment and help them to…

Denim Finishing Company Case

Mrs. Kelsey Bowser using the ABC method decided to use the number of garments as the cost driver of the change-over costs. Nevertheless, I argue that this was not the best possible choice. I will try to defend my point using the following example. Let’s assume that Guess Who Jeans demands 600, not 500 garments per shipment. Although the number of garments changes, the total change-over costs would stay the same, because no additional retooling of the machine would be necessary. The whole change-over process takes 3 hours regarding if the number of garments is 200, 500 or 800. Furthermore, let’s strictly theoretically assume that the company is able to achieve some extra capacity and one batch is now composed…

Denim Finishing Company Case

1. Mrs. Kelsey Bowser using the ABC method decided to use the number of garments as the cost driver of the change-over costs. Nevertheless, I argue that this was not the best possible choice. I will try to defend my point using the following example. Let’s assume that Guess Who Jeans demands 600, not 500 garments per shipment. Although the number of garments changes, the total change-over costs would stay the same, because no additional retooling of the machine would be necessary. The whole change-over process takes 3 hours regarding if the number of garments is 200, 500 or 800. Furthermore, let’s strictly theoretically assume that the company is able to achieve some extra capacity and one batch is now…

Ethics and Governance

With reference to the Oxford English Dictionary (2012), ethics is described as the science of morals. It is also the agency of study with regards to the values of moral obligations of what is right or wrong. It also covers human behaviour. A company makes many decisions in a course of one day. It may include, launching new products, doing Public Relations, making sales, rewriting company policies and the recruitment or retrenchment of people, just to name a few. All business aims to do so ethically. To conduct business ethically, a business must first commit to adhering to laws and regulation (Timms, 2009). These are clearly defined, as they are in black and white. However, once the definition of what…

Functions of Management

Management consists of the functions given below. It is based on Henri Fayol’s thinking on the functions of management. 1. Planning: generating plans of action for immediate, short term, medium term and long term periods. 2. Organizing: organizing the resources, particularly human resources, in the best possible manner. 3. Staffing: positioning right people right jobs at right time. 4. Directing (includes leading, motivating, communicating and coordinating): Communicate and coordinate with people to lead and enthuse them to work effectively together to achieve the plans of the organization. 5. Controlling (includes review and monitoring): evaluating the progress against the plans and making corrections either in plans or in execution. Each of these functions is explained in some detail below. 1. Planning…

Existentialism and Contractarianism

1) Read chapters One through three of your textbook 2)Compare and contrast the Existentialism and Contractarianism framework Compare: Both existentialism and contractarianism frameworks are two of the three deontological frameworks outlined in chapter one. Deontological frameworks focus on the duty or obligation in determining whether the actions are right or wrong. Contrast: Existentialism focuses on individual behavior while contractarianism focuses on society as a whole. Existentialism highlights that the only person who can determine right and wrong is based on the free will of the person making the decisions. As a result, duty is connected with actions meaning each individual determines the value of his/her actions. Contractarianism, or social contract theory, highlights that individuals agree to social contracts to be…

Decision Model Theory

Case Here we use the Thompson Lumber Company case as an example to illustrate these decision theory steps. John Thompson is the founder and president of Thompson Lumber Company, a profitable firm located in Portland, Oregon. Step 1 The problem that John Thompson identifies is whether to expand his product line by manufacturing and marketing a new product, backyard storage sheds. Step 2 * The second step is to list the alternative. * Thompson’s second step is to generate alternatives that are available to him .In decision theory the alternative is a course of action or strategy that the decision maker can choose .According to him his alternatives are to construct: 1• a large new plant to manufacture the storage…

Decision Making Condition & Example

1.1 Introduction Decision Making is very important thing that we do in everyday lives. According to Harris, R (2010), decision making is the study of identifying and choosing alternatives based on the values and preferences of the decision maker and making a decision implies that there are alternative choices to be considered. In addition, we are not on to identify as many of those alternatives as possible but to choose the one that has the highest probability of effectiveness. Just as there are different types of decision, there are also different approaches to decision making that are appropriate in different situation. Some decisions are made logical and rational thinking, while others are made using experience and sometimes based on the…

Aeronautical Decision Making

The airlines developed some of the first training programs that focused on improving aeronautical decision making (ADM). ADM is a systematic approach to the mental process used by airline pilots to consistently determine the best course of action in response to a given set of circumstances. Human-factors-related accidents motivated the airline industry to implement crew resource management (CRM) training for flight crews. The focus of CRM programs is the effective use of all available resources: human resources, hardware, and information. Human resources consist of all groups routinely working with the cockpit crew (or pilot) who are involved in decisions that are required to operate a flight safely. These groups include, but are not limited to: dispatchers, cabin crewmembers, maintenance personnel,…

Fundraising Project

Initially, I would like to talk a little about my role in the fundraising project and then mention about how OB concepts played a role in the completion. My role in the project was Purchasing and Procurement Officer and as the name suggests, this was a very demanding job and highly respected by all my peers. This position was very significant for me that, I cannot emphasize enough how much it is going to help me in my field of studies and possibly my career. Being part of the “Basketball Shootout”, my biggest challenge was to get desirable gifts for the participants and making sure it did not cross the projected budget. In order for me to do the job…

Power And Powerlessness

When I hear the word power many thoughts come to mind, but I feel power has many different forms. We could assume that power means more money, a bigger title, a corner office, a more generous budget, or “a seat at the table”. But that may not be true for everyone. For some, power may mean having the ability to control one’s career destiny in keeping with personal values and interests. Or power could mean having the opportunity to be creative as a project lead without too much interference from others. Or power could mean making decisions with trust and autonomy, such that no one can easily override your decisions. To me, power is control and the capacity to bring…

Crystal Edge Restaurant

Type of Business Crystal Edge Restaurant is a sole trader venture that is owned and operated by Miss Jheneal Hall. She is responsible for the daily running of this restaurant, any profits or losses or any problems that the business encounters she is held accountable. Crystal Edge Restaurant will provide exquisite fine dining services to both local residents and tourists who visit the busy area of New Kingston. Other individuals from other areas are also welcomed to dine over high quality meals. The main objective here at Crystal Edge is to ensure that persons dine over healthy foods, in a nice clean friendly environment with an essence to feel home away from home. Our mission statement is “To ensure that…