n business, if you don’t have data to back up your point of view… You’re winging it You’re reckless You’re just another person with an opinion You’re unlikely to make consistently good decisions All of the above
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In business, if you don’t have data to back up your point of view…
You’re winging it |
||
You’re reckless |
||
You’re just another person with an opinion |
||
You’re unlikely to make consistently good decisions |
||
All of the above |
Step by step
Solved in 5 steps
- Answer on these two senarios: Senario 1: You have decided to form a new start-up company developing applications for the iPhone. Give examples of the three distinct types of financial decisions you will need to make. Senario 2: You are the CEO of a company and you are considering entering into an agreement to have your company buy another company. You think the price might be too high, but you will be the CEO of the combined, much larger, company. You know that when the company gets bigger, your pay and prestige will increase. What is the nature of the agency conflict here and how is it related to ethical considerations?"people are our greatest asset”. Quickly, you will be met with hundreds of matches, which appear to debate and contradict this premise. After reviewing a few, take a stance, and argue why people are or are not the most important asset of an organization. Furthermore, link your argument to how an organization should invest in people through training and professional development programs.Write about an experience—positive or negative—that you have had that shows why decision-making is an integral part of good management.
- Discuss how a combination of the database system environment and the business intelligence frameworks could be used to support to support evidence based decision making in one of the Malcolm Baldrige Award Winning applications you read. [Hint: Draw a diagram that integrates both frameworks to guide your discussion.]You are a Manager of a big company, and you are faced with a crucial ethical issue at your workplace. This ethical issue needs to be solved immediately; otherwise, it will influence the ethical culture of the whole organization. a) Would you make this ethical decision by yourself and bear the consequences (either positive or negative)? Give reasons for your answer. b) Would you involve others in this ethical decision-making? If yes, which form of the group (group of people) would you involve in and why? Make sure you make a critical evaluation by providing specific examples that happened or could have happened at your workplace."You have two equally qualified employees who both deserve a promotion. However, you only have one available position. How would you determine who gets the promotion and justify your decision to both employees?" This question challenges managers to consider their decision-making process, their ability to assess and compare employees' qualifications objectively, and their communication skills in handling potential disappointment or conflict.
- What role best fits the following situation? Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management. Limited partner in a limited partnership. General partner in a limited partnership. Neither a limited or general partner would be a good choice.An organization's code of ethics establishes the moral standards or guidelines that each employee must follow when making decisions and acting. As you evaluate the content, organization, and tone of the code, keep this statement in mind.You are the proud owner of a beautiful blue Coupe built by the General Autos Corporation, a car you purchased new in late 2010. This little 2 door car has been very good to you, owing in part to your meticulous care and maintenance. Although you had no intention of parting with this vehicle, a friend who manage is a “Tech Town” store has offered you a great “ side hustle.” Tech Town is an upscale computing store known for its service and customer care. Your friend has offered to pay you $150 for each customer “setup” that you perform. This involves delivering and hooking up computer systems and linking various smart gadgets. Each setup requires just two to three hours work, and you could do two or three setups per week. The catch is that you need a vehicle with capacity to carry tools and occasionally large boxes. Your car is way too small, so you've decided to sell and purchase an SUV or light truck. The sooner you can sell your car, the sooner you can buy a new…
- "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…Assume that an amazing job is offered to you by a campus to collect funds for the SZABIST’s sports program and you accepted that offer. You are now told to draft a fundraising letter. If you want to raise as much money as possible, would it be better if the text of that section mentioned that your business school is ranked among the best leading university in the nation in sports or that you are better than 99 percent of other businessschools at sports? Explain this behavior?