“Too many managers today have forgotten that work should be inspiring and fun and are too out of touch with what makes people productive”. How would you respond to this assertion?
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Q1- “Too many managers today have forgotten that work should be inspiring and fun and are too out of touch with what makes people productive”. How would you respond to this assertion?
Q2- What are the steps of effective decision making? Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions? How can managers improve their decision making skills?
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- Create a Group Control System Step 1 Form into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or her part. Step 2 Your assignment is to develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential rules to govern member behavior and consequences for breaking those rules. Step 3. first, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover: arriving late for a meeting; missing a meeting; failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation, such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that Start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group thinks a rule should cover that your group thinks a rule should cover.a) Why is decision making often described as the essence of a manager’s job? b) Is there a difference between wrong decisions & bad decision?Why do good managers sometimes make wrong decision? Bad decision? c)How can managers improve their decision-making skillsIn 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.
- Q1. List the factors that influence managers’ decision-making processes in an organization, in situations where the assumptions of perfect rationality do not apply. Q2. Discuss briefly three (3) ways that your institution and leaders/managers in the sector in which your organization is categorized have adapted to the present environment (Pandemic). Q3. Identify and discuss briefly four (4) common errors that may be committed in the decision-making process.a) Why is decision making often described as the essence of a manager’s job? b) Is there a difference between wrong decisions & bad decision?Why do good managers sometimes make wrong decision? Bad decision? c) How can managers improve their decision-making skills? (600-700 wordsWhy is decision making often described as the essence of a manager’s job? explain it please don't copy
- The ability to make good decisions is the key to successful managerial performance. Discuss the common elements shared by all decision-making processes. Provide a real-world example to elaborate your answer.1. Identify how each bias can impact a manager when they are performing a performance appraisal. a) How can the bandwagon bias/ effect impact a manager when they are performing a performance appraisal? b) How can the confirmation bias impact a manager when they are performing a performance appraisal? c) How can the outcome bias impact a manager when they are performing a performance appraisal? d) How can the Placebo bias impact a manager when they are performing a performance appraisal?9The human resource, finance and marketing managers at XYZ Ltd, a manufacturing plant are generally at a conflict because they have their own objectives. Usually each manager in the firm thinks that only he/she is qualified enough to evaluate, judge and decide on any matter, according to their professional criteria. They have arguments on every little decision where they always try to ignore each other suggestion. Continue arguments among the managers leads to job conflict, no proper planning, extra cost, high attrition rate and grievance in the organization. Top level management was fractured and frustrated because it the situation continues then organization will not able to sustain for longer duration in the market. There was gossip and “pot stirring” among the staff. The CEOs management style was not helping the organization function smoothly. Key staff were thinking about quitting. Meetings revealed the source of the fracture: unmet expectations, perceived lack of personal…
- Short answers: Explain what is earnings management and how it related to decision making? earnings management : The planned timing of revenues, expenses, gains, and losses to smooth out bumps in earnings. how it reated to decision making: ?Managers at Gap Inc., a once- popular retail chain, are reported to have made a series of decisions that hurt the company: They expanded so rapidly that the chain lost touch with customers; they tried to copy the successful approach of rivals rather than charting their own course; they cut quality to reduce costs; they shifted from one fashion approach to another as each failed to appeal to customers, and so on. What techniques would you recommend that Gap managers use to improve the quality of their decisions?Peter Drucker states that a big decision-making error supervisor frequently make is failing to get a handle on a problem. Often, managers plunge in prematurely. Why do you think many man- agers make this common mistake?
