Describe a decision that is centralized (or decentralized) in your company. How could you decentralize (or centralize) the decision? What would happen if it were decentralized (or centralized)? Compute the profit consequences of the change.
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- Describe a decision that is centralized (or decentralized) in your company. How could you decentralize (or centralize) the decision? What would happen if it were decentralized (or centralized)? Compute the profit consequences of the change.
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- What types of decisions tend to be made at the operational level? unstructured decisions strategic decisions managerial decisions operational decisions structured decisionsAn objective, logical, systematic approach for making major decisions in an organization is a way to describe the strategic-management process Select one: True FalseWhat dangers does a company face if it focuses only on tactical decisions?
- 3- “Making decisions based on facts and information”. This statement proves that the management is: a. a Problem b. a Science c. an Art d. a DisciplineHow does analytics aid in business decision making? Explain in detail with respect to strategic, tactical, and operational decisions.Why is an organization that employs centralized processing likely to have a difference management decision making philosophy than an organization that employ distributed processing?
- Survey the literature from the past six months to find one application each of DSS, BI, and analytics. Summarize the applications on one page and submit it with the exact sources. Compare and contrast predictive analytics with prescriptive and descriptive analytics. Use examples. Go to teradatauniversitynetwork.com and find the paper titled “Data Warehousing Supports Corporate Strategy at First American Corporation” (by Watson, Wixom, and Goodhue). Read the paper, and answer the following questions: What were the drivers for the DW/BI project in the company? What strategic advantages were realized? What operational and tactical advantages were achieved? What were the critical success factors for the implementation?In the process of understanding customer behavior, give real examples of “Dimensions of decision making”. Also, apply the SMART framework to any business objective of your choice.Below is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…
- Below is the levels of organizational strategies and the decision-makers 1. Corporate Level: Chief Executive Order 2. Division Level Division President/Executive Vice President 3. Functional Level Finance, Marketing, R&D, Manufacturing, Information Systems and Human Resource Managers 4. Operational Level Plant managers, sales managers, production and department managers Scenario You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs)…Now that we have been using CAPSIM, let’s look back at your experiences in your practice work. How did you test the relationships of decisions across the four business functions? Specifically, how did you use the reports in each round? (Please provide a specific example.)Managers are constantly making decisions and those decisions have significant implications for employees, the organization, and its stakeholders. Many times these decisions must be made without having complete information. If you were a manager, what strategy would you use to provide assurance that the action you take has minimal impact on people and the organization? Provide specific examples and discuss how you would develop a solution.