In what ways could an accelerated decision-making process harm a company? Which stage would be most in danger of being overlooked?
48. Tony's Electronic Corporation needs 12,000 units of a certain part to be used in the production of its karaoke machines. If Tony's Electronics buys the part from Scott Company instead of making it themselves, Tony's could not use the present facilities for another manufacturing activity. Sixty percent of the fixed overhead a
What is a mental model or mindset; which forces influence it, limitations in decision making related to it, and What forces influence a mental model/mindset, and what forces cause the evolution of that mental model/mindset? How has your mental model/mindset limited your decision making? These questions are answered in detail by a professional with a graduate degree.
What is a mental model/mindset? What forces influence a mental model/mindset, and what forces cause the evolution of that mental model/mindset? How has your mental model/mindset limited your decision making? This is part of the answer... It starts with one's parents or caregivers and other influential people in the pers
Young screenwriter Carl Draper has just finished his first script. It has action, drama, humor, and he thinks it will be a blockbuster. He takes the script to every motion picture studio in town and tries to sell it but to no avail. Finally, ACME studios offers to buy the script, for either (a) $10,000 or (b) 1 percent o
Hi, I'm a bit confused with a practice problem. An Universities' bookstore stocks textbooks based on departmental forecasts and pre-registration records to determine how many copies are needed. Pre-registration shows 90 students enrolled, but the bookstore manager says that based on his intuition and some historical evidenc
KEEP OLD MACHINE OR REPLACE WITH NEW MACHINE A new $300,000 machine is expected to have a 5-year life and a terminal value of $0. It can produce 40,000 units a year at a variable cost of $4 per unit. The variable cost is $6.50 per unit with an old machine, which also has a capacity of 40,000 units a year and a book value of
Can you help me get started on this assignment? 1.Explain why decision making is an important component of good management. 2.Discuss the difference between programmed and non-programmed decisions and the decision characteristics of certainty and uncertainty. 3.Describe the ideal, rational model of decision making and the p
Frank is faced with a decision about whether to take a bet with a friend or get $20 for sure. If he wins the bet, he gets $50, if he loses the bet, he has to pay $50. For Frank, the utility of $50 is 10 and the utility of paying $50 is 0. The utility of the $20 sure thing is: U($20) = p*U($50) + (1-p)*U(-$50) When p = .8,
Potter-Bowen (PB) manufactures and sells postage meters throughout the world. Postage meters print the necessary postage on envelopes, eliminating the need to affix stamps. The meter keeps track of the postage, the user takes the meterâ??s counter to a post office and pays money, and the post office initializes the meter to
US Copiers manufactures a full line of copiers including desktop models. The Small Copier Division (SCD) manufactures desktop copiers and sells them in the United States. A typical model has a retail price of less than $500. An integral part in the copier is the toner cartridge that contains the black powder used to create th
Please help me with the following issue: a. Does an organizations culture follow its strategy or does an organizations strategy follow its culture? b. Explain why in complete detail. Please provide sources.
Decisions made by groups are far superior to decisions made by individuals. Do you agree with the previous statement? Substantiate your responses with examples.
Explain the rational model of group decision making in terms of a real life example. Select a problem at work and then discuss each step through which you would lead a group to reach a decision.
1. List the major decisions that you have made during the past year, and identify the decision-making conditions under which those decisions were made. Determine whether you recognized those conditions at the time, whether those were truly fixed conditions or if they could have been changed, and whether recognition of those con
Describe these decision-making models: 1. Rational 2. Carnegie
12-Microcomp is a U.S.-based manufacturer of personal computers. It is planning to build a new manufacturing and distribution facility in either South Korea, China, Taiwan, the Philipines, or Mexico. It will take approximately 5 years to build the necessary infrastructure (roads, etc.), construct the new facility, and put it i
The consumer decision making process consists of various stages. The first step in the consumer decision making process is recognition of problem. The buying process starts when consumer recognizes the need to buy a product, say an automobile or car. For example, let's assume that a person recognizes that needs an automobile
Hi! I need assistance with some ideas for the following: Write a response in which you summarize the elements of the consumer decision-making process. Address the following: *Discuss how marketers can use the process to drive buyer's actions. *Explain the impact of consumer satisfaction on marketing. *Reference the cour
Axel Polwalski, CEO of Polwalski Manufacturing Group, has successfully obtained the board of director's approvals for the location of the new manufacturing facilities in the United States and China. Briefly describe your experience in using the three decision-making models as applied to this scenario. This task is to be a summar
Discuss the roles of government, business, and the consumer in environmental protection. Justify your position. Look into environmental protection. Select a business you are familiar with and develop an environmental policy statement for that organization. The policy statement must have the following components: - Basic p
Axel Polwalski has asked you to discuss with his senior executive team the various applications of the rational choice decision-making model
Your initial report on bounded rationality and rational decision-making as well as the PowerPoint slide presentation on the United States and China manufacturing facility options were well received by the Polwalski Group's directors and managers. Axel Polwalski has asked you to discuss with his senior executive team the vari
For this assignment and other case assignments that require a strategic group map, you need to prepare only the final maps. You do not need to list all of the steps and decisions needed to develop them. However, for this Discussion Forum, please document all of the steps needed to create a specific strategic group map for the be
Axel Polwalski has asked you to prepare a written report that he plans to present to his executive board of directors
You have just concluded your initial meeting with Axel Polwalski, CEO of Polwalski Manufacturing Group and Tammy Chapman-Richards, EVP of Operations, Chapman Brothers. Axel was particularly impressed with your comments on rational decision making, although Tammy seemed unconvinced. Axel Polwalski has asked you to prepare a writt
I am in a critical thinking class and am having trouble finding a written overview for the decision making processes. I understand problem identification and formulation but are there specific names or steps for the decision making processes?
You are the manager of the apparel division of On Your Mark, a manufacturer of athletic equipment and apparel, which has recently gone through the initial public offering (IPO) process and has become a public company. On Your Mark has annual sales revenue of approximately $50 million and makes seven unique and distinct products
Describe the process of decision making common in Japanese companies
Taking a management perspective, what is the relationship between organization design and the decision-making process?
Please help me complete these 4 practice problems... o Prepare responses to the following assignment from the e-text, Financial Accounting: Tools for Business Decision Making 4th ed., by Kimmel, Weygandt, and Kieso o Chapter 8: Questions 3 and 4 o Chapter 8: Exercise E8-5 3. What are the essential features o
Discuss some of the reasons why strategy evaluation is becoming increasingly difficult with the passage of time. 200-300 words
Discuss the three challenges that strategists face today. Provide at least 200-300 words