Description and Applications of Decision Making Tools
I need three decision making tools and/or techniques with a description of each and a practical application such as when one would and when one would not use the tool/technique.
I need three decision making tools and/or techniques with a description of each and a practical application such as when one would and when one would not use the tool/technique.
1. What is an example of how the forces of influence affect a decision made in a work place? 2. What is a workplace example of a fallacy that might affect the reasoning in making a decision? Thank you, your HELP is GREATLY appreciated.
Many of the decisions being made by the new managers have led to problems. Senior management has been frustrated with the problems and has asked me to develop a plan to address this issue and help the new managers improve their decision making processes. In preparing my proposal I felt it was important that all new managers l
What is the relationship between critical thinking and decision-making?
These are the questions: 1. I need help finding a decision-making model. 2. I need to describe the model and apply it to a job related decision. 3. I need to identify all the steps in the chosen decision -making model and describe how critical thinking impacted the decision.
Details: The proprietors of two businesses, L.L. Sams Company and Melinda Garcia Career Services, have sought business loans from you. To decide whether to make the loans, you have requested their balance sheets. Solely on the basis of these balance sheets, to which entity would you be more comfortable lending money? Explain fu
How would an information system, including timely and accurate accounting information, improve the business decision-making processes at your organization? How would you go about designing and implementing such a system?
1-4 C ost- Volume-Profit Analysis and Pricing in the Airline Industry* (Edward Deakin, Adapted) Trans Western Airlines is considering a proposal to initiate air service between Phoenix, Arizona, and Las Vegas, Nevada. The route would be designed primarily to serve the recreation and tourist travelers who frequently travel bet
Calculate the EOQ/ELS for the following two cases. Include your full calculations: Raw Material LRM: Annual demand has historically been about 15,000 units. Each unit costs about $40. For the annual report, due out in June, the corporate accounting department calculates inventory-holding costs by multiplying the value of e
In the first part of this exercise, download the files from the Census Bureau. You will create a short presentation for the Marketing department highlighting how the consumers in the 60614 zip code differ from those in the Total US. Note: I have provided you with all of the Census Bureau's info in the three attachments. C
The Drosselmeier Corporation, located in munich, makes Christmas nutcrackers and has an annual plant capacity of 2,400 product units. Its predicted operating results (in German marks) for the year are: Production and sales of 2,000 units, total sales DM 180,000 Manufacturing Co
Juicy Red Tomato Company Overview: You have just been hired by Juicy Red Tomato Company as a human resources consultant. Juicy Red Tomato Company (JRT), a tomato grower operating in Florida, hired you to investigate (1) the effectiveness and efficiency of its organizational structure, and (2) the selection and maintenance of
Evaluate each of the following approaches that a business firm could use to gather information about competition, For each approach, mark your feeling about its approprateness using the following scale; 1. definitely not appropriate, 2. probably not appropriate 3. undecided, 4. probably appropriate, and 5. definitely appropr
Task - Answer the following. Your Supply Chain Manager thinks that theories taught in The Goal by Eliayhu Goldratt may have direct applicability to your company and the decisions being made. Your Supply Chain Manager is probably your most knowledgeable subordinate and is the leading candidate to replace you someday. Becaus
Brief Background info: You have heard that many companies use Operations Management (OM) tools. You asked your supervisor what he thought about this. Your supervisor requested that you research the idea and present it at the afternoon manager's meeting to see if it is something valuable to use. Problem: Your supervisor ha
Consider the following incident: You have recently been hired to a new organization and are sitting in to observe a meeting between one of your co-workers, Milhouse and a salesman who is trying to sell an additional part to a machine that your company recently purchased. The salesman is well into his routine, and has already
An Illustration of Relevant Costs for Decision-Making ABSTRACT The concepts of incremental cost, opportunity cost, sunk cost, and cost allocation are identified and discussed in the context of early U.S. foreign policy. The case is derived from an authentic exchange of views between Thomas Jefferson and John Adams on how
1) How is data based decision making utilized in the strategic planning process?
When making a recommendation on a management style where those recommendations cannot be implemented, what method could be developed to evaluate the effectiveness of your recommendations?
Given a retired military officer in a civilian management environment, explain what could be expected as the leadership (management) style?
The CEO read your strategic plan and is very impressed with your suggestions and the speed with which your group developed the plan. He would like more groups within the organization to be as effective and efficient as your group was with this project. In order for other members of management to benefit from your group's experie
Company A is operating a 70% capacity and is earning a satisfactory Return on Investment. Company A has been approached by Company B with an offer to buy 120,000 units. Company B needs the 120,000 valves over the next 4 months. Company B is prepared to pay $19 each for the units. Company A's product cost, based on current
I need help with this - just not understanding it and I need a reference for upcoming assignments and eventually the exam(s). I need the solution(s) to be as thorough & expanatory as possible. Thanks so much~! (See attached file for full problem description) --- 1. Men and women arrive as couples at a fitness clu
I need to write apaper on tool and techniques decision making i have to dicuss description of the tool or technique as well an application example also when one would and when one would not use tools and technique. I need some ideas Please . i will Appreciate your help.
Think about a recent business decision you have made that was either a success or a failure. Your supervisor asked you to email him/her a self-evaluation of this decision as part of your yearly evaluation. You are to be as objective and open minded as possible. Analyze your decision using Bazerman's six steps as a guide: define
You have recently been hired to a new organization and are sitting in to observe a meeting between one of your co-workers, Milhouse and a salesman who is trying to sell an additional part to a machine that your company recently purchased. The salesman is well into his routine, and has already gotten your co-worker to admit that
The organization that you work for is interested in expanding their business overseas. You have been asked to gather some preliminary information to help management decide on whether to pursue this idea further. Search the Cybrary or other online resource and find an article describing an experience of either: (1) a US compa
Coffee Planet is considering selling juices along with its other products. States of Nature High Sales Med sales Low Sales A(0.2) B(0.5)
Evaluate each of the following approaches that a business firm could use to gather information about competition. For each approach, mark your feeling about its appropriateness using the following scale: 1. definitely not appropriate, 2. probably not appropriate, 3. undecided, 4. probably appropriate, and 5. definitely appro
P5-5A AFN produces plastic that is used for injection molding applications such as gears for small motors. In 2002, the first year of operations, AFN produced 4,000 tons of plastic and sold 3,000 tons. In 2003, the production and sales results were exactly reversed. In each year, selling price per ton was $2,000, variable manufa