What are the advantages and disadvantages of using a group decision making process versus an individual decision making process by applying these concepts to the case study?
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What are the advantages and disadvantages of using a group decision making process versus an individual decision making process by applying these concepts to the case study?
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- Sue has recently started working for a Swiss bank in London as a wealth manager. Through a business acquaintance, a lawyer, she has been introduced to a new client, Maria. Maria was born in Russia, lives in the UK and has recently inherited a significant amount of money from her father who is a Russian businessman. Maria is 27 years old, single and not working, spending a lot of money in socialising and charity work. Sue has exchanged a number of emails with the client, and they have agreed to meet for a first introductory meeting at the bank’s offices in Mayfair. Outline how Sue should prepare for the meeting and discuss the areas that Sue should aim to discuss with the client in their meeting.CASE: FABULOUS FABRICS, Inc. Mwiinga was recently promoted to the managing director’s position at Bwino Fabrics, Inc. in Mufulira. In her new position, Mwiinga first compared the actual revenues and expenses of the company with desired results. Armed with this analysis, he formulated the future course of action for Bwino Fabrics. Mwiinga transmitted her revenue and expense analysis to outsiders such as bankers and other analysts and distributed her desired future course of action for Bwino Fabrics to his subordinates. All these groups then provide him with feedback through reports. Mwiinga is confident he can lead the company into a prosperous future. Unfortunately the company has just made changes in the way it manufactures and markets its products. These changes are producing issues associated with employee motivation and satisfaction. The company has sent some of their manufacturing offshore to South Africa, and their plants have been restructured into self-directed work teams. The…Professor James Adjei was Coordinator of MBA Finance at the School of Graduate studies of the University ofProfessional Studies, Accra. During the admissions process for the 2017/2018 academic year, his wife appliedand gained admission to pursue MBA Finance at the same school. During the course of her studies, her husbandfacilitated the teaching and learning as well as the administration of all end of semester examinations for theprogramme.Unknown to the Management of the University, Mrs. Adjei enrolled and eventually graduated as the bestgraduating student among her cohorts. When Management of the University received information about thisunusual development, they instituted a comprehensive systems audit and an investigation into the circumstancesleading to the eventual emergence of Mrs. Cate Adjei as the best graduating student on the programme.Professor Adjei was granted full hearing to explain what transpired during the period of the wife’s studies. Hedefended that he worked…
- Lefa is a Junior Security Guard at Company X. He applies for a promotion and he is informed that for him to be considered for a possible promotion, he will have to cut his dreadlocks. However, Lefa is a Rastafarian and he does not cut his dreadlocks due to his religious beliefs. Thabo is hired instead because Lefa refused to cut his dreadlocks. Answer the following questions: 4.3.1. Outline the dispute resolution procedure that Lefa should follow to refer an unfair discrimination dispute against his employer Identify and explain a potential justification that the employer may use for his choice to hire Thabo in these circumstances. Discuss whether the employer was justified in its decision not to appoint Lefa.A Greek yogurt maker owns and operates a production facility in Switzerland. Within the next six months, the Swiss government has stipulated that all local food producers must list the genetically modified ingredients (GMO) contained in the product on its packaging label. GMO foods or, as critics commonly call them, "Frankenfoods," in honor of Frankenstein, use genetic material that have been altered using genetic engineering techniques in making the particular food. Companies are oftentimes reluctant to post this information, fearing that it might result in people choosing not to use their products. Although the labeling of GMO products in the marketplace is required in 64 countries, many others, including Greece, do not impose this regulation. Interestingly, reporting this information on the label is not required in the United States and no distinction between marketing GMO and non-GMO foods are presently recognized by the US FDA. Dealing with growing demand for Greek style yogurt…Timbaktu Chemicals, one of the largest manufacturer of medicinal drugs, was asked by the Timbaktu Health Ministry to come up with a treatment for the newly discovered corona virus. The CEO of Timbaktu Chemicals deliberated on the matter at length and held long meetings with his subordinates. After much deliberation, Timbaktu Chemicals came to the conclusion that Timboxiquine, a known anti-malarial drug, was an effective medicine against corona virus. What is the decision making model followed by Timbaktu Chemicals? Give reasons
- Marty is the General Manager at a large hotel. The room of a high profile guest was robbed last night and roughly one million dollars in jewelry was stolen. The high profile guest does not want to draw attention to the situation and has agreed not to go to the police if the jewelry is recovered within one week. Marty knows that if the situation goes public, it will cost him his job and be a public relations nightmare for the hotel. Marty knows that members of the housekeeping staff had access to the guest’s room for cleaning, that food and beverage staff brought room service orders to the guest on multiple occasions, and that salon employees performed multiple in-room services for the guest during her stay. Desperate and with no leads on the culprit, Marty schedules polygraph tests for all hotel employees in an effort to find the culprit and recover the jewels. Is Marty in compliance with the Polygraph Protection Act of 1988? yes or noBack in July 2012, the NHL opened negotiations for a new collective-bargaining agreement with an aggressive proposal to reduce players' percentage of hockey-related revenue from 57% to 43%, among other demands. After waiting a month, the NHLPA put forth an offer that separated player salaries from league revenue, slowing the growth of player salaries, and dividing revenues saved among financially struggling teams. Emotions escalated on both sides of the negotiation. The league lockout came after the September 15, 2012 expiration date of the parties' existing contract came and went. Weeks of cancelled games turned into months. Both parties were extraordinarily angry at one another. Meetings quickly escalated to shouting matches, and fear was it could turn physical. Given the highly emotional nature of the disputing parties what would you recommend doing? a) Bring in a third party, unrelated to either side, to be salient and visibly present in the room b) Ask them to (please)…Back in July 2012, the NHL opened negotiations for a new collective-bargaining agreement with an aggressive proposal to reduce players’ percentage of hockey-related revenue from 57% to 43%, among other demands. After waiting a month, the NHLPA put forth an offer that separated player salaries from league revenue, slowing the growth of player salaries, and dividing revenues saved among financially struggling teams. Emotions escalated on both sides of the negotiation. The league lockout came after the September 15, 2012 expiration date of the parties’ existing contract came and went. Weeks of cancelled games turned into months. Both parties were extraordinarily angry at one another. Meetings quickly escalated to shouting matches, and fear was it could turn physical. Given the highly emotional nature of the disputing parties what would you recommend doing
- Read the following scenario and answer the question in 5–10 sentences. Fred and Frank have been operating a seasonal outdoor maintenance and landscaping business for the last three years under the name F & F Maintenance. There was no written partnership agreement. During the nonoperational winter months, Fred spends his time in Costa Rica, while Frank stays in town. In January, Frank was approached by an existing customer with a request that F & F build and install a bleacher stadium and football field for the local middle school. Frank advised the customer that, while he had no direct experience with this type of project, he was sure that he could subcontract any work that was needed. Neither Frank nor Fred had any previous experience as a general contractor. Experience aside, Frank signed a contract to complete the project for $200,000, taking a down payment of $50,000 with the remaining amount to be paid after passing inspection. At the inspection, the inspector determined…Gaga at Eron Equipment Corporation (EEC) asked Rihanna to assist in the development and marketing of a new fax machine. Due to a breakthrough in technology, EEC can now make the highest-quality fax machines currently on the market. Rihanna and Gaga are confident that they've found a winner. As a result of the new product's initial launch, Gaga has been promised a significant promotion. When Gaga discovers that Lee Minho, a competitor, intends to release a new high-quality fax machine before EEC does, he becomes worried. Gaga may change the EEC machine if the Lee Minho machine offers remarkable copy quality or other new product features. Gaga needs this information right away because he has to deliver the final manufacturing requirements to the production department in a week. Aside from that, given that Lee Minho will be available before EEC, he's under a lot of pressure. Rihanna is asked to phone Lee Minho pretending to be a potential customer by Gaga because he can't think of any…Gaga at Eron Equipment Corporation (EEC) asked Rihanna to assist in the development and marketing of a new fax machine. Due to a breakthrough in technology, EEC can now make the highest-quality fax machines currently on the market. Rihanna and Gaga are confident that they've found a winner. As a result of the new product's initial launch, Gaga has been promised a significant promotion. When Gaga discovers that Lee Minho, a competitor, intends to release a new high-quality fax machine before EEC does, he becomes worried. Gaga may change the EEC machine if the Lee Minho machine offers remarkable copy quality or other new product features. Gaga needs this information right away because he has to deliver the final manufacturing requirements to the production department in a week. Aside from that, given that Lee Minho will be available before EEC, he's under a lot of pressure. Rihanna is asked to phone Lee Minho pretending to be a potential customer by Gaga because he can't think of any…