3-1 Discussion

In the environment of increased competition, a fitness club executive is considering the purchase of additional equipment. His alternatives, outcomes, and payoffs (profits) are shown in the following table: (a). If the executive is an optimistic decision maker, which alternative will he likely choose? (b). if the executive is a pessimistic decision maker, which alternative will he likely choose? (c). Market research suggests the chance of a favorable market for fitness clubs is 76%. If the executive uses this analysis, which alternative will he likely choose?  Please provide an excel sheet with calculations as well

In the environment of increased competition, a fitness club executive is considering the purchase of additional equipment. His alternatives, outcomes, and payoffs (profits) are shown in the following table: (a). If the executive is an optimistic decision maker, which alternative will he likely choose? (b). if the executive is a pessimistic decision maker, which alternative will he likely choose? (c). Market research suggests the chance of a favorable market for fitness clubs is 76%. If the executive uses this analysis, which alternative will he likely choose?    I have provided the data table for the problem.

As a marketing consultant, you were retained by Bangladesh Tourism ltd. To design a study investigating how families make vacation decisions. Whom, within the family, would you interview? What kind of questions are you going to ask? Give examples. How would you assess the relative power of each family member in making vacation-related decisions?

Please solve all human expert full explanation Money Ball https://players.brightcove.net/622696559001/BJQ3kMlB_default/index.html?videoId=5766924184001 QUESTIONS:1 A) How did Money Ball change baseball by using statistical data? B). In Money Ball how did they use data to help in decision making? C) How have you used data to influence decisions? What has worked and what pitfalls have you had using data?

What are the challenges experienced by student-athletes? Is it a quantitative approach? True or False. What are the factors that affect the decision-making of parents regarding the education of their children? Is it a quantitative approach? True or False. What are the features of narcissistic posts on Facebook? Is it a quantitative approach? True or False.

1. Central University of Jharkhand (CUJ) is experiencing declining enrolments. The administration is concerned with this situation and has asked the Marketing Management – I students of IIM Ranchi to conduct a research study and make recommendations. One thing the administration is interested in learning is the feasibility of offering all of their degrees online as well as through the traditional on-campus degree program. They do not know what the market potential would be for online degrees and potential students’ attitudes and intentions toward getting an online degree from this university. What type of market research should the IIM Ranchi students carry out? And why?

The weekly meetings of Lyle's staff have had little attendance, and those who attend usually do multitasks instead of paying attention. Using the research cycle, Lyle discovered that the problem is that the time of the staff meeting coincides with the delivery date of the weekly financial reports. Read the following possible courses of action and decide what is the BEST way for Lyle to handle the situation and what is the WORST way for him to handle the situation? 1. Inform staff that your meeting has more priority than the reports of the finance department. 2. Change the meeting time of the staff until after they submit the weekly reports and see if improves assistance and focus.   3. Cancel staff meetings so that the team can concentrate on completing their financial reports. 4. Allow staff to continue performing multiple tasks so that they can attend their meeting and do the financial reports.

I need type answer. . How do the integration of strategic foresight, stakeholder engagement, and data-driven decision-making enhance the multifaceted skills required for effective business goal setting in a dynamic and globally competitive environment?

Ahmed's interest was cricket. When he finished university, he wanted to work in a management job. He wanted to do his research project on some aspect of general management and social sciences, preferably for a sports goods manufacturer but had no research idea. He asked five friends, all taking business education degrees, to help him brainstorm the problem. You are requested to use the following problem-solving techniques to generate and refine the research idea in this business scenario.                                                                                                                     1. The technique of Brainstorming 2. Delphi Technique   A simple explanation would be honourable.

For the survey questions below: 1) Identify the problem with each survey question (lack of simplicity, double-barreled question, loaded question, or negative wording); 2) briefly explain why the question has that problem 3) rewrite the question to reduce the problem and make it a better survey question.    a) Do you feel that assiduous students are more likely to graduate from college   b) Do you disagree with the mayor’s policy on retirement pensions?   c) Do you think that strong academics and varied social opportunities are priorities in choosing a college?   d) Do you think that overtaxing our vulnerable elderly is a heartless thing to do?

Chapter 14 discusses the types of consumer decisions.a. Which type(s) of decision making would purchasing a sandwich from a quick service restaurant(QSR) be?b. Which type of decision making are marketersat Wawa hoping that the mobile app willencourage consumers purchasing a sandwichfrom a QSR to be?c. Assume that purchasing a sandwich from a QSRis categorized as nominal decision making in agiven situation. Which of the two categories ofthis type of decision making is purchasing a sandwich from a QSR most likely to be? Why?

1. Discuss the process you would  employ to develop a suitable  balanced scorecard for a tourist site organization and give examples of measures that would be incorporated within it.   2. Discuss how break even analysis can aid management in decision-making.   3. Discuss the practical difficulties associated with the use of breakeven analysis by managers in decision-making.

Implementation of a company’s strategic plan often begins by determining management’s basic expectations about future economic, competitive, and technological conditions, and their effects on anticipated goals, both long-term and short-term. Many firms at this stage conduct a situational analysis that involves examining their strengths and weaknesses and the external opportunities available and the threats that they might face from competitors. After performing the situational analysis, the organization identifies potential strategies that could enable achievement of its goals. Part of this process involves business managers creating budgets to plan for future operations, create benchmarks to measure progress, and maintain necessary accounting controls. The majority of literature that has used examples to describe a master budget have been limited to manufacturing companies. These companies tend to have comprehensive operating budgets and therefore serve as a good starting point in…

Determine the type of business analytics for the following scenarios. A. Imagine you are a meteorologist. You have to foretell the weather for the next two weeks by analysing the data from the satellites. Here, you have to apply advanced statistical, information software, or operations research methods to identify predictive variables and build predictive models. Discuss in detail which type of business analytics will be suitable for this scenario.

We have decided to start a new business called ABC headphones. We will be selling a variety of diff head phones. 1- Select a positioning strategy most suitable for your product idea. Explain your choice. 2- There are 3 types of customer decision making processes, real, impulse and habitual. Select the most applicable to your product. Explain your answer. 3- A product has  distinct layers,namely core, tangible, augmented, potential and the product image. Explain each layer and how it applies to ABC head ohones

1. Read the case below. Develop a theoretical frame work and show by a figure. State hypotheses involved in this model. Incidence of smoking in movies has started to increase again, after having declined for several decades. According to the National Cancer Institute, smoking is seen in at least three out of four contemporary box-office hits. What’s more, identifiable cigarette brands appeared in about one-third of all movies in 2008. Exposure to smoking in movies is an important predictor of adolescent smoking initiation: smoking in movies has been shown to affect adolescents’ intentions to start smoking. In turn, the intentions to start smoking are determined by a more positive attitudetoward smoking after seeing a film character smoke. Recent research has revealed that the relationship between seeing a film character smoke and the attitude toward smoking is stronger when a person’s identification with a film character increases. These findings are consistent with social learning…

Describe the situation when the decision maker used qualitative analysis using the first two steps of the five-step decision-making process.

Identify the various business scenarios in which can be business analytics applie?  What type of decision making will be done in each scenario?

I need help with answering the following questions below after reading  Reading: Maryland Health Care Provider Sentenced to 10 years in Federal Prison for Health Care Fraud Resulting in Patient Deaths from the United States Attorny's Office.  Using the Five Whys to conduct a root cause analysis to determine why the Medicare fraud occurred and Timothy Emeigh’s participation in the case.    Writing analysis that identifies and evaluates the root cause for Medicare fraud in this case.  I need help aswering the following questions listed below  Articulate the “Five Whys” for this case and provide an explanation for each.  Speculate how and why Mr. Emeigh participated in the scheme.  Explain what you, as an administrator, might have done to prevent this from happening.  Recommend risk management strategies the organization can utilize to prevent this and similar types of events from occurring in the future.

Suppose you are a  Marketing Manager of a 5-star Hotel located in Baguio City, Philippines. You are tasked to perform a SWOT analysis to know what are factors expected to affect the company's operations. Examine each situation and identify whether it is a Strength, a Weaknesses, an Opportunity, or a Threat to your company.  Answer: S. If the situation refers to a Strength W. If the situation refers to a Weakness O. If the situation refers to an Opportunity T. If the situation refers to a Threat ___1. Excellent staff who are highly trained and very customer attentive. ___2. Business taxes will increase by 3% next year. ___3. The present promotional activities have a great appeal to customers. ___4. Some employees have problems dealing with arrogant customers who give out unfavorable comments. ___5. Sometimes overlook financial issuances of check and deposited cash. ___6. hotel rates are high which contradicts to the company's positioning of "Premium Quality Services at an Affordable…

Your Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? - Who are the parties affected? - List and explain 2 alternatives for handling each situation o Discuss 2 pros and 2 cons for each alternative What is your conclusion? Discuss the best way to handle each situation - use reasoning to justify your decision Situation You manage a catalog phone center|where each of your 20 workers answers phones all day in one of four cubicles. You have just received another complaint from one of the women in the department. She is disturbed because one of the workers in her cubicle has put pictures of women in bathing suits up all over his workspace. She finds this offensive. She had asked him to remove the pictures, but he refused. This is the second time a complaint of this nature has taken place. Last time you switched him to another cubicle.

A development corporation purchased land that will be the site of a new luxury condominium complex. Management is considering a six month market research study designed to learn more about potential market acceptance of the condominium project. Management anticipates that, if conducted, the market research study will provide one of the following two results. 1. Favorable report (F): A significant number of the individuals contacted express interest in purchasing a condominium. 2. Unfavorable report (U): Very few of the individuals contacted express interest in purchasing a condo- minium. After deciding whether to conduct the market research study, they have the following two decision alternatives. d1 = a small complex with 30 condominiumsd2 = a medium complex with 60 condominiumsFollowing this, a chance event concerning the demand for the condominiums has two states of nature. s1 = strong demand for the condominiumss2 = weak demand for the condominiumsThe payoffs, probabilities, and…

Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.