know when it is time to call it quits
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To make effective decisions in today's fast-moving world, managers need to ________.
Select one:
a.
know when it is time to call it quits
b.
build organizations that shun complexity
c.
build organizations that rely on their past successes
d.
ignore cultural differences
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- Describe how strategic decisions differ from other decisions that managers make. Are you able to identify the differences or say integration of the two components within your organization? Give an example.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!In not more than 150 words, respond to the reflective question. All management decisions consider quantitative information (factors which can be measured in numerical terms such as cost implication and change in profitability) and qualitative information (those that are difficult to measure in numerical terms such as satisfaction, business relationships, and morale). If you are given a task to weight factors for decision making, how much of 100% will you allocate to quantitative information and to qualitative information? Give a sample decision and the factors/criteria which should be considered.
- Write A if the statement is true and Z if the statement is false. ___1. Enterprise-wide systems provide management with a powerful tool for managerial decision making. ___2. The trend is to decentralize many of the office functions and services found in the modern organization. ___3. Facilities management is one of the areas giving administrative office managers a new career opportunity. ___4.The trend towards globalization is creating new challenges for administrative office managers. ___5. Roles are defined as those abilities individuals possess that enable them to carry out their specified tasks well. ___6. Human skills can be effectively learned through on-the-job training, but taking courses dealing with human skills are generally ineffective as a means of helping employees improve their human skills. ___7. Frederick Taylor, the father of the scientific management movement, believed in the need to identify one best way to perform a job. ___8. In management theory, the…If flat organizations are agile due to fast paced changing environmental factors, why do they still need to do strategic planning?Give typing answer with explanation and conclusion What accounts for Dabbawala’s success; i.e. what are its key practices/ingredients of each of the four components of the CM (work, people, formal organization, and informal organization) that enable it to achieve such low cost and high quality 6 sigma)?
- Next, I want you to identify which of the bases for decision-making is described in the following statements. Write SA for strategic analysis and IT for intuitive thinking. __________1. Approximating based on the dictates of the innermost self. __________2. Processing facts and making sense out of them. ______3. Doing a few leaps of thinking before lifting a foot for a step. __________4. Mapping out all possibilities. __________5. Immediately responding to circumstantial stimulus.(2) Read the "management Decision" at the end of the chapter and answer the questions at the end-- Use bullets-- Use concepts learned from the chapter (total 150 words including all 3 questions). MANAGEMENT TEAM DECISION Face the Future Times don’t seem to be much better to be in the oil business. Sure, there have been some bumps in the road the past few years—the tragic oil spill in the Gulf of Mexico and unstable prices and supply due to political situations. But there’s one piece of news that makes all those obstacles easier to deal with—profits are up, and not just a little bit, either. Profits are positively soaring. Exxon announced that its earnings for the most recent quarter were up 69 percent from the previous year, to $10.65 billion. Royal Dutch Shell posted an increase of 30 percent to $6.29 billion, even while experiencing a 2.5 percent decrease in production, and Occidental Petroleum’s earnings jumped 46 percent to $1.55 billion. Times certainly seem to be great, but there…I need the answer for the question below, and it's from the Business Strategy Game Q: Explain your thought processes through the game, highlighting the decisions that were most important.
- How did Google try to keep fast paced decision making in the organization?1.In , goals set by top managers flow down through the organization and become subgoals for each organizational management by objectives B) management by observation C) traditional planning D) traditional goal setting 2.What plans are preferable when uncertainty is high in the business environment? 13) operational plans B) standing plans C) directional plans D) long- term plans 3,They should set general, but rigid plansHow can managers effectively plan when the external environment is continually changing? 14) They should discontinue formal They should continue to follow the set organizational plans as persistence will eventually pay. They should be ready to change directions if environmental warrant They should set general, but rigid 4.Williamson is the owner of a small company that sells corporate gifts through an online Business has slowed down in recent months and he realizes that the organization must move in a different direction if it is to survive. He has…Please discuss the following questions 1. How do you think irrational decision-making affect a business organization? 2. Why do you think large, successful companies still fail? 3. What are the phases of transformation of data to insights? 4. Explain how to increase the ROI from information assets.