Analysis Of Genovus Biotechnologies ( Genovus )

Decision-making in the workforce is a process of responsibilities used by upper management to implement, enforce rules, regulations, and maintain a successful environment. Decision-making implemented more effectively by making a plan, thinking it through, accepting more than one opinion and determining what is best. However, decision-making often utilized more effectively by opening doors of opportunities for a suggestion, question, discussion, and feedback. Although, more involvement helps improve understanding, utilize behavior skills and present opportunities for better communication. Everyday life consists of decision-making, the right decision may not always be applied, but ensure room for improvement and opportunity. Individuals approached decision-making in many different ways. As stated by (Jones, Graham, & Bateman, 2006) decision making is a procedure used to recognize a problem, weigh the alternatives and evaluate a solution in which, certain situations will require different approaches to become effective.

Problem solving skills entail two distinct mental skill analytic and creative thinking. Analytical thinking utilizes comparing and contrasting, evaluating and selecting, to find the best alternative (ITS Education Asia, 2005). Creative thinking uses the imagination to create a large picture of the

Strategic decisions require careful and purposeful skills of analysis, creativity, and informed problem solving. The best practice for decision making is identification, inventory, and intervention (Davenport, 2009). Identify the decision to be made for the organization, identify the factors that influence that decision (who, what, etc), and apply purposeful action to implement that decision. Decision-making tools can assist with the decision making process. Tools such as, Case-Based Decision Analysis, Information Aggregation Tools, cost-benefit analysis, gap analysis, or SWOT analysis. can help to evaluate the current state of the company and how to proceed with a decision for the future. Case-Based Decision Analysis tool focuses on data collection of past experiences, situations, and solutions. By tracking past results it can help to make more informed decisions in the future. Information Aggregation Tools uses external data that relates to a specific issue at hand, evaluates data that has served as solutions to such issues, selects supported alternatives, and, lastly, rates the compatibility of such proposed solutions to the issue at hand. A cost-benefit analysis is a type of strategic decision-making tool that assesses the cost and potential benefit associated with different courses of action and choosing

By using the mind mapping, I would be able to review easily different lessons. Because of its format that presents informations in a graphical way, it will easier for a visual learner like me to use it to review for an exam.For this purpose, I need to start using mind mapping strategy for the rest of the course and go back to the reading that I learned at the beginning of the course to do a mind map for each reading. Thus, I will get all the notes necessary to prepare efficiently for my

In order to master critical thinking, the ability to question information and solve problems must be present. The crucial steps that lead to successful decision-making is not based solely on our skills and abilities, but on the strategies that help us get there. All these steps combined allow us to make solid and intelligent decisions. Research on understanding how the mind works is a continuing project at best, but the progress we have made is substantial in the areas of understanding problem-solving and decision-making.

Strategic thinking is a process-using problem solving skills, creative thinking, and decision-making (Toygar & Akbulut, 2013). This process will be utilized throughout my career as a Healthcare Administrator. In preparation to gaining information to increase my administrative skills, I took a “Mind Tool” quiz to define my method to problem solving. The interpretation of the assessment indicated a 67-90, which determine that I revealed an excellent approach to management. This report will outline what skills I will utilize to increase my consciousness and knowledge of problem solving to enhance my decision-making technique.

Overcoming such obstacles require a release from this state of mental fixation. Divergent thinking, which is closely associated with creativity and the ability to conjure a multitude of potential solutions, can be enhanced through the use of analogical thinking. Analogical thinking or problem solving, being understood as the use of like problems solutions in guiding solutions of new problems (Goldstein, 2010). There are two basic processes with the understanding of problem solving, mental set being one and insight being the other.

There are several different types of systems like Customer Relationship Management (CRM), and Enterprise Resource Planning (ERP), which are being used by organizations to make decision processes. These systems have progressed tremendously in the last few years by making large amounts of information accessible using data marts and data warehouses (Wixom & Watson, 2001). The above mentioned systems and many more that are not mentioned above allow managers to analyse data depending on the business requirements, to make better informed decisions. These systems have made the decision-making processes easy to a certain point, when used properly. If this system are not used effectively, they can prevent optimization of the decision making process. Humans are the once who make decisions in any organisation/industry and not

The skill of mind mapping allows students to informally collate ideas and thoughts on a visual level. A crucial point of this ‘brainstorming’ that helps develop further meaning is that of networking. Linking ideas creates further understanding between topics. This adds exponential depth to writing as it demonstrates not only a basic understanding of singular concepts or ideas, but the links between others. In this case we really do have infinite possibilities as there are new emerging topics to relate to constantly. Therefore it represents a higher level of intellect as it shows students can take various perspectives and see the bigger picture, eventually forming a more well-rounded, multi-layered opinion with the knowledge to back it up.

It is a method that helps people think creatively by letting many ideas flow from the students without any comment from the others. This strategy can be useful in generating many different solutions or alternatives. Evaluation of the ideas is done after the brainstorming.

Brainstorming is a traditional and out of date method that is used to enable individuals or groups to collect and collate ideas. The main problem with brainstorming is that it won’t allow everybody’s voices to be heard, because extroverts will always dominate introverts. It doesn’t produce more ideas then people that work alone and the sharing of ideas within a group one at a time is extremely inefficient. Therefore Brain Swarming has been introduced. Brain Swarming is when individuals or groups each take post it notes and write down everything that comes to their mind. It is a known fact that

Located in South San Francisco, CA, Genentech was started in 1976 by a biochemist Dr. Herbert Boyer and Robert A. Swanson. From 1995-2009 Arthur Levinson had become the CEO of Genentech; presently it is Ian T. Clark. Genentech is a leading biotechnology company, using human genetic information to discover, develop, manufacture and commercialize medicines to treat people with serious or life-threatening medical conditions (2014). Biotechnology is the technology based on the science of cellular and biomolecular processes to develop technologies and products that help improve peoples’ lives and the health of our environment. How biotechnology uses cellular and biomolecular processes are by using molecular mechanisms by which genetic and

Interestingly, shared mental model theory suggests that when teammates hold similar cognitive representations, they are well capable to anticipate one another’s needs and actions, and to engage in added efficient searches for vital information. Furthermore, “because of this, the effectiveness of the mental factor strategy should naturally be moderated by the validity of the expert model used to structure team discussions and the human capital that team members possess and use to solve the problems they uncover” (Smith-Jentsch, et al., 2008, pg.322). Therefore, a favorable mental attitude facilitates learning while the factor of interest is closely related in nature to that of representational drive and

Thinking critically and making decisions are important parts of today’s business environment. It is important to understand how the decision making process works and the steps involved. The nine steps of the decision making process are: identifying the problem, defining criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of the problem, framing alternatives, evaluating impacts of the alternatives, making the decision, implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods and tools to assist in making important business decisions an individual can ensure the decisions they make will be as successful as possible. In this paper it

The decision is to select an action among a number of actions that solves a given problem, that prevents a problem from happening, or that forces to apply new ideas for development. The need for understanding decision making process is increasing because the complexity of modern organizations is increasing, and because the modern organizations' effectiveness depends on the decisions made by the managers. The question is how to select the most appropriate action to solve the problem satisfying all stakeholders.