Explore BrainMass

Business Policy and Implementation

Case Study - Decision Making

Assignment 2: Case Study Dan Miller is a dentist who has a successful practice in a medium-sized city. Recently business suffered as a result of patients not paying their dues on time. The problem intensified so much so that he decides to do something about it. A consultant suggests that he offer 5% discount for immediate pay


Deliverable Length: 1 Pages Identify at least three (3) recommendations (from your group to the CEO) that will help him improve or overcome the current decision making conditions within the organization. References are to be provided in APA style

Identify and analyze the models of decision making

Deliverable Length: 6 Paragraphs 1-Identify one other example of a decision (past or present) that was once considered "rational" but that is now reviewed as "irrational". Do not analyze a personal decision but one from a published or academic source. 2-Explain, in detail, why the decision was once considered "rational"

Kava Island Decision Making Process

Hi, I need some assistance with the following case study analysis. The case study which needs to be read is attached below, along with some other documents about what is required in this task. Any help would be appreciated.

Discussion Board: The Social Side of Decision Making

Can you help me get started with this assignment? For this project you will need to do some independent research (library or on the internet) on group decision dynamics. Group polarization, groupthink, conformity, and other group decision concepts we've learned about and researched, help us understand the sway that others,

Rational and Irrational Decision Making

Review the information in the assigned text for Unit 2 research. Using the Internet on the differences between rational and irrational decision making. These terms aren't static and are relatively fluid (in other words our interpretation of what is rational or irrational can change with circumstances or time). For this proj

Introduction to Decision Making (Discussion Board)

Using the Internet, search for a business whose primary purpose is to help other companies make better decisions. In your search be careful to look for the term "decision making," "improving decisions," or "decision analysis" and then look beyond the businesses home webpage for information that can help you address the questions

Dealing with demand-side inflation via restrictive monetary and fiscal policies

Assume that the economy has been going through a long period of demand-side inflation. The government decides to try to stop the inflation by means of restrictive monetary and fiscal policies. Should it make the required policy changes with as little fanfare as possible, or should it publicize them widely? Will it make any diffe

Discussing Relevant Costs for Decision Making

TATA Metals Company is considering the elimination of its Packaging Department. Management has received an offer from an outside firm to supply all Fusion's packaging needs. To help her in making the decision, Fusion's president has asked the controller for an analysis of the cost of running Fusion's Packaging Department. Includ

Decision making solution

Decision Making Details: You recently observed a meeting between Ron, (a production manager at your company) and a sales representative from "Big Machines Inc". Big Machines Inc last year sold your company a major piece of production equipment. They are now trying to sell your company additional options and services for that

Poor decision making may result when acceptable prices are determined by adding a fixed percentage to the "full cost" of a product when that "full cost" includes a unitized fixed cost.

Poor decision making may result when acceptable prices are determined by adding a fixed percentage to the "full cost" of a product when that "full cost" includes a unitized fixed cost. The lesson in the module is that any selling price above the contribution margin will add to the wealth of the firm. This being the case, is ther

Managerial decision: analysis of a decision process

Your challenge is to conduct a thorough analysis of a decision process. You are welcome to draw an example from within your work environment, or choose an issue from somewhere else. The idea is to analyze the decision from an overall perspective using the various elements talked about by bazerman. Please draw from the various

Bazerman: Decision making in management

Making Rational Decisions in Negotiations Write a paper, responding to the assigned write-up by Bazerman. Relate the material to real organizations that you have read/heard about or have personal experience with. In other words, the paper should be a commentary that reflects the course concepts and the real world against each

Decision making: risk adverse, risk of change, risk of not changing

If you have ever watched the game show "Deal, or no deal" you have seen a real-world lesson in the tendency of people to be risk-adverse about gains. Observe the offers of the banker. The banker's offer is virtually always below the statistically expected payoff for continuing the game. Yet, quite often people will accept the

Define Critical Thinking; how can it be applied to improve decision-making?

Please answer the following questions based on content, coverage and imaginative thought. Please answer the questions as fully, covering all aspects of the question in your response. 1. Define Critical Thinking and describe its benefits and components. 2. How can you apply critical thinking to improve your decision-making? W

Strengths and weakness of 5 decision making processes

Please review the 5 different decision making processes most prevalent in the 5 different organizations. Write and describe the strengths and weakness of each organization and consider the most favorable aspects of each style discussed to describe a process by which a problem can be identified and described to stakeholders in a

Decision Making

Although not mentioned in our textbook, do you think underconfidence could also have a bearing on how we make decisions? Explain & support your answer please.

Education and Decision Making

Will an individual educated in the process of decision making make less, more, or the same amount of critical errors as they did before learning about decision and judgment processes?

Rational and Irrational Decision Making

Please see attached document. Homework questions: Below are a set of decision making models. DECISION MAKING MODELS ? Satisficing: When we satisfice, we choose an alternative that yields the most satisfaction for our greatest needs even though the alternative might not be ideal or optimal. ? Prospect Theory: Prospe

Decison Making and Behaviroral Traps

Details: To complete this project assignment you will need to have read the assigned chapters in the text for Unit 4 and you will need to complete some independent research (in the library or on the internet) on behavioral traps. From our learning this unit we discovered that there are 5 different types of behavioral traps; t

Decision Making

Details: This is a Capstone Project where you will utilize all the information we've learned thus far in the semester. For this assignment you will be preparing a presentation analyzing a single example of poor decision making. The presentation is intended to be delivered to other managers who make decisions similar to the one(

Do the decisions we make always need to be rational?

Part 1: Review each situation (there are multiple scenarios within the activity) and identify which decision concept (theory, principle, model, etc.) from our learning in Unit 2 you believe to be present. Make sure you also explain (for each concept identified) "how" and "why" you arrived at your conclusion. In other words; wha