Examine current events and choose a risky decision that must be made. This decision may be derived from current political, economic, legal, or civic events. Include the following details in your paper:
- An overview description of the decision to be made
- The primary decision
- The primary objective
- The uncertain event
Explain and support your response with examples. Follow APA guidelines.
Examine current events and chose a risky decision that must be made.
Provide an overview description of the decision to be made. There should be alternatives. In risky decision making there are also probabilities.
Explain the primary decision, primary objective, and uncertain events. Elements of rational decision making not present.© BrainMass Inc. brainmass.com October 25, 2018, 9:56 am ad1c9bdddf
In accordance with BrainMass standards this is not a hand in ready paper but only background help.
The overview description of the decision to be made is that my company has been given an order of 1.2 million Euros for the sale of CNC lathes to a French buyer. Our company can make and ship the required lathes earliest within six months. The order gives our company ten months time. The risk is that the U.S. dollar has been increasing in value against the euro for eight weeks continuously. This is a risk derived from the current economic situation. The U.S. economy has entered the expansion phase of the business cycle but the European economy is weak and may slip into recession. The risk is that if we accept the order and the dollar continues its climb against the euro our company will far fewer dollars and will lead to a loss for the company.
The primary decision is whether to accept the order for Euro 1.2 million worth of CNC lathes or to reject the order?
The primary objective is to accept the Euro 1.2 million but not to make a loss because of foreign exchange rate fluctuation.
This posting gives you a step-by-step explanation of a risky business decision. The response also contains the sources used.
Business continuity management
Review the e-text and other readings, and pick out five terms or concepts. At least one term must be included from each week's learning (You will need to look ahead for your term from Week 5). "Terms" can be either general or specific.
Write an essay where you define and explain these five terms and apply them to a critique of management in either a past or present workplace or life experience. Focus should be placed on how to improve the management in your company or life, using what you've learned. For example, you might choose "employee buy-in to the BCP" as a concept. Then, you could write about how your organization's decision-making methods could be improved based on research, text, lecture, etc. material on this topic.
The Final Exam is to be
· in APA format (If you were weak in this, by now you should be much better because you've taken advantage of your teammates' knowledge),
· in MS Word with a title page,
· an Executive Summary,
· an introductory paragraph,
· a discussion portion with graphics and/or charts (If you didn't know how to do this, by now you should have learned from a team member),
· a conclusion paragraph,
· and a reference page with at least four references (minimum of three references must come from the articles in the UOP Library).
A few terms talked about in Business Continuity Management
Week 1 - Ethical and cultural considerations
Week 2 - Communication and teamwork
Week 3 - Business continuity or crisis management
Week 4 - Risk Analysis or Training employees for Disasters
Week 5 - Disaster preparedness or exposure to disasters: