Second Quarter- Week 1 Complete the table to enhance your decision-making skills in the three areas of your life: family community. Person/s involved Expected Result of Decision Area Things to do Family: Ex. Financial Problem Saving Parents Savings allowance Graduate Give back to parent Study hard School: St Maria P.Lco9zeen Memorial Elementery. Schoo I er no beas8) (noiaibeb notea Community: Sigmsx Sacti Fie Valky ter mega Ba Tean
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- Somet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them. What will happen to the costs of the health insurance if only the older, sicker peopleenroll?Q4aThere is a growing debate that the internal environment is more important thanthe external environment, present your explanations to provide clarity to this issueusing simple examples touching on the environmental factors for bothenvironments.Chapter 6 discusses family decision making and thehousehold life cycle. Many dog owners consider theirdog or dogs to be part of their family and considerthem when making purchases. Which of the familypurchase roles could a dog play in the decisionmaking process for a family vehicle?
- ons Help Last edit was seconds ago arial BIUA 三 11 1 3 Product managers can gather user data by surveying customers, running tests with a product's beta versions,conducting market research with people who aren't current product users, and collecting behavioral data as current users interact. All these data can be analyzed--either manually or algorithmically-to identify trends,discover the reasons for those trends, and predict whether the trends are predicted to recur. What kind of analytic is the product manager using? Describe the purpose and benefit of this analytics. MAR 23 tv liliADVERSE SELECTIONSomet Health Insurance Company wants to sell a health insurance product for $700 permonth. There is no requirement for healthy people to have insurance coverage. Thecompany conducts a survey to see how different populations respond to the proposed cost.People with no illnesses and disabilities, generally the young and healthy, respond that theydo not spend $700 on healthcare in an entire year, and most feel they would not waste somuch money on premiums when the chance of needing surgery or expensive healthcaretreatments is so small. However, older, sicker people think that $700 per month is a greatdeal, as most of them spend far in excess of this amount on healthcare. It seems like agreat deal for them.1. If the company offers this product, how will adverse selection affect it?LEAD.305.HSF1 Adaptive Decision Making Decision Journal/Log Lesson that we discussed from week 7. Week 1 - Introduction The Concept of Adaptive Decision Making, Cynefin Framework Week 2 This week have you watch videos to better understand the Cynefin model. the Streetlights and Shadows text. Management vs Leadership Week 3- This week is about reviewing Klein chapters, and finishing Pyramid of Success. Snowden's Model. Explore Trust in the Decision Making Process Week 4- Pyramid of Success Attributes that support Personal and Organizational Decision Making. how data impacted Baseball Week 5- This week is about reducing uncertainty and the power of online experiments. Blue Ocean strategy. Mark Cuban Disruption of the Pharma Week 6- three steps to better decision makingprocess for business experiments. Week 7 the org change process Present a good and bad example of organizational change Start a decision journal/log in week 5 through week 10. You must have at least one decision you…
- MANAGEMENT DECISION CASECrafty Credit Card Competitor “Chases” Amex for Shareof Millennials’ Wallets This case focuses primarily on the battle between Chase and Amex over millennial consumers. But, as the content in this chapter points out, lumping all older consumers into a generalized segment overlooks some important variables. Looking at the generational groups and their representative values (see Exhibit 7.7), where would you suggest Amex focus its marketing efforts, and why?1. What are the diferences and similiraties of Charlie and Chocolate Factory movie and Caroline moviee?5Is the American Heart Association outdated? And/or how should we change (or not change) our diets for heart health? Have any of you had any positive or negative experiences with similar dietary changes?
- . Chapter 10 covers McGuire’s psychological motives.Review the cognitive preservation motives, cognitivegrowth motives, affective preservation motives, andaffective growth motives. Which of these motivescould describe why Hello Kitty enthusiasts, such asMs. Goldsworth, accumulate such large Hello Kittycollections?Its not graded question. Dont reject Just solve it no need generalized answer . LEAD.305.HSF1 Adaptive Decision Making Ted Talk - Before you Decide: 3 steps to better Decision Making https://youtu.be/d7Jnmi2BkS8 • Identify three steps to better decision making. The Surprising Power of Online Experiments https://hbr.org/2017/09/the-surprising-power-of-online-experiments • Describeee aaaa process for business experiments.Please assist with the following question:You have been hired by a local department store that intends to increase its presence on socialmedia to increase sales through advertising. Your team has been asked to collect data on socialmedia patterns that can be used to predict the outcomes for the company.Your group is expected to interview at least 30 random persons about their purchasing habits inorder to determine if social media influences their buying behavior. Record the following foreach respondent:1. Gender2. Income3. The number of social media platforms they use on a daily basis a. Discuss what measure of central tendency is the most appropriate for each variable.b. State why the use of a histogram is an appropriate or an inappropriate way to describe thevariable income