Which Nonrational decision making model does Byford employ? How?
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Which Nonrational decision making model does Byford employ? How?
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- a. What are the ethical theories and approaches for decision making? Explain.Ethics is a conception of right and wrong behavior, defining for us when ouractions are moral and when immoral. A business is considered to be ethical only ifit tries to reach a trade off between pursuing economic objective and its socialobligations. b. Explain various ethical theories? sir kindly give me introduction ,explanation and conclution. thank you.What are the differences between shareholder wealth maximization and profit maximization? If a firm chooses to pursue the objective of shareholder wealth maximization, does this preclude the use of profit maximization decision-making rules? Explain.Explain the DECISION MAKING UNDER CERTAINTY?
- Explain the difference between risk and ambiguity. How might decision-making differ for a risky versus an ambiguous situation in each business?Explain the main procedures for an effective decision-making?A) Effective decision-making results ineffective results, discuss decision making steps and provide examples. B) Discuss various ways available to maintain the high ethical standards of an organization?
- What are the ethical challenges that Ebay faces during decision making process?Explain consensus decision-making, give examples and also the advantages and disadvantages of this type of decision-making.describe an original decision-making scenario that conveys how the heuristic (availiability, representativeness, or confirmation) and associated bias(es) played a part in the outcome
- Briefly explain your or a specific ethical decision-making style based on the five ethical decision-making principles.How do managers make decisions, and what factors influence their decision-making process? How can managers improve their decision-making skills?A company is facing a critical decision regarding a potential merger/acquisition opportunity. The decision requires careful consideration of various factors, including financial implications, market conditions, cultural compatibility, and long-term strategic alignment. As a top-level manager, how would you approach this decision-making process, and what factors would you prioritize in evaluating the opportunity?"