Discuss the Challenges of the Managerial Decision in the Context of the Economic Crisis Induced by the Effects of COVID-19.
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Discuss the Challenges of the Managerial Decision in the Context of the Economic Crisis Induced by the Effects of COVID-19.
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- MANAGERIAL ECONOMICS 7. Make a complete description of the various risks and uncertainties faced by the company and ways to overcome them; give 2 (two) concrete examples of business decisions that anticipate risks and uncertainties!Use this data to illustrate how the manager might make the decision if he uses each of the following heuristics: elimination by aspects (EBA)There are many models that describe the behaviours and roles of successful managers but no one model can be applied to all types of managers and situations. true or false
- Conclude with the decision facing the managers in Ford Motor Company —2009 Alen Badal The Union Institute?ethical code guide the behaviour of managers in a decision-making scenario. In the light of this statement dicuss the role and relevance of managerial ethics .Describe how an organization affected by the COVID-19 pandemic is able to reduce the potential adverse impacts of downsize or restructuring to the existing employees with relevant examples
- How does Elon Musk's Process of Planning and Decision making impact performance of his employees?Please do not give solution in image formate thanku In what ways can managers at each of the three levels of management contribute to organizational efficiency and effectiveness? The three levels are First-line manager, Middle manager and Top manager. First-line manager: A manager who is responsible for the daily supervision of nonmanagerial employees. Middle manager: A manager who supervises first-line managers and is responsible for finding the best way to use resources to achieve organizational goals. Top manager: A manager who establishes organizational goals, decides how departments should interact and monitors the performance of middle managers.Discuss the three types of programmed decision that a manager depends on to resolve structured problems
- ANSWER SHOULD BE RELATED TO THE ARTICLE. THANK YOU. Explain FOUR (4) measures that can be taken by employers to avoid retrenchment of employees during this Covid-19 pandemic (endemic) crisis.Can you answer this question as short answeR? Distress at DES Your friend Diane works at the Department of Economic Security (DES) as a child protective service worker. You have known Diane personally and pro-professionally for a number of years, and she has asked you to advise her on managing stress. She told you that she admires the way in which you seem to handle stress in your own job at the Department of Motor Vehicles, and she wants advice and counsel for reducing stress where possible and coping with the rest. Because you are such a good friend, you have decided to set aside an afternoon to talk to Diane. You begin by asking her to simply talk about the sources of stress in her life. She tells you the following: "First let me say, I love my job. I really think I am making a difference in the lives of children and their families. It's not that it isn't frustrating-it is. Sometimes the system just won't let me do what I think is best. I do care about my work and want to stay in…Managers face a key challenge: to simultaneously generate high profitability and increase the profits of the company. Companies that have high profitability but profits that are not growing will not be as highly valued by shareholders as a company that has both high profitability and rapid profits growth. This was the situation that Dell faced in the later part of 2000s. As a result its shares lost significant value between 2017 and 2021. At the beginning of 2017 Dell shares were trading at approximately $27. By the end of 2021 they were trading at about $ 14 though the company was still profitable, Dells shares had lost almost half of their value because it was not growing its profits over time. At the same time managers need to be aware that if they grow profits but profitability declines, that too will not be highly valued by shareholders. That what the shareholders want to see and what managers must try to deliver through strategic leadership is profitable growth. That high…