If were to pick one of your past decisions, which one would you pick? Give an example of a terrible decision you made that resulted in a positive conclusion. What was the rationale behind each choice?
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If were to pick one of your past decisions, which one would you pick? Give an example of a terrible decision you made that resulted in a positive conclusion. What was the rationale behind each choice?
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- As a business manager or owner, once you or your team have made decisions, how would you make sure that future decisions are good ones and not an escalation of commitmentGive an example of a good decision you made that resulted in a bad outcome. Also give an example of a bad decision you made that had a good outcome. Why was each decision good or bad?Describe a decision that you have had to make recently that was difficult. What were the major issues? What were your alternatives? Did you have to deal with uncertainty? Were there important trade-offs to make?
- "Because managers have so many powerful decision-making tools to use, they should be able to make more rational decisions" Do you agree with this statement?Assume yourself to be the owner and manager of a small business, describe a recent decision you made that relied on intuition. In your opinion, what experiences forms the source of your intuition? Did the decision lead to attainment of the desired outcomes? Did your intuition play a negative or positive role in goal attainment? Explain. Please provide detailed answer in 200-500 wordsWhy the Values- or Ethics-Based Decisions is an important step in the decision-making process? Explain this term in 6-8 sentences.
- “Professional Liability” Please respond to the following: From the case study, determine the main potential ethical dilemmas. Next, use the seven (7) steps in the ethical decision-making framework to recommend one (1) course of action you would take in order to avoid the ethical dilemmas. Provide a rationale to support your recommendation. From the case study, based on your recommendation in Part I of this discussion, suggest one (1) strategy that would support you making the right decision without undermining the manager’s confidence in your problem-solving ability in a difficult situation. Provide a rationale to support your response. Case Study You have worked as a staff auditor for two and one-half years and have mastered your job. You will likely be promoted to a senior position after this busy season. Your current senior was promoted about a year ago. He appreciates your competence and rarely interferes…What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniquesDo you think intuition is a valid way to make important business decisions? Why or why not? Can you think of a time when you used intuition to make a decision?
- "I expect all the managers in my department to act completely rationally in every decision they make", declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. "Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me. I would agree that you may be excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally." "I agree with your idea, Eleanor", said Jill Goldberg, her advertising manager, "and I always try to be rational and logical in my decisions. But would you mind helping me be sure of this by explaining just what 'acting rationally' is?" Questions: 1. Explain how the Vice…I expect all the managers in my department to act completely rationally in every decision they make , declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me. I would agree that you may be excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally.I agree with your idea, Eleanor", said Jill Goldberg, her advertising manager, and I always try to be rational and logical in my decisions. But would you mind helping me be sure of this by explaining just what acting rationally is? Questions: 1. Explain how the Vice President…What are the four personal decision styles used by managers? What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniques.
