Explain how the rate of change in the business environment affects the need to make and re-evaluate decisions. What are the consequences of not re-evaluating decisions frequently?
Give an example of a business that failed to re-evaluate previous decisions, and the consequences it suffered as a result.
2 pages
Solution Preview
Solution-Oriented Decision Models
Explain how the rate of change in the business environment affects the need to make and re-evaluate decisions. What are the consequences of not re-evaluating decisions frequently?
The rate of change in the business environment affects the need to make and re-evaluate decision. The business decisions are made to a great extent in the context of the business environment. If a business does re-examine its decisions and re-evaluate decisions in response to changes in the business environment, the business loses its competitive position, its market share, its profitability, or even its legal status.
The business environment may change in several ways. For instance, there may be new technologies introduced in manufacturing that reduce costs. If a business does not change its technology, it will lose out ...
Solution Summary
Solution-Oriented Decision Models is discussed very comprehensively in this explanation..
What constitutes a "good" decision?
Give an example of a specific business decision, and explain the criteria that might be used to determine whether it is a "good" decision or a "bad" decision.
Suppose that a business decision has a bad outcome. Explain two possible justifications for saying that you would make the same
Create a poster or presentation, which graphically depicts differences between database design models.
The poster/presentation must meet the following criteria:
o It must be legible and readable.
o It must address relational and object-oriented database models.
For an on line poster presentation, you need to use
Fashion Town, a multi store chain of women's clothes has reviewed and analyzed last year's sales data and is developing a new five year plan. Management has formulated four questions or "Decision Problems" that should be answered. The four "Decision Problems" or questions are:
1) Why are store revenues lower than previous year
Supporters of object oriented databases list numerous advantages for using the object oriented approach versus the relational one. Is the relational database model doomed to extinction or are there characteristics of the relational model which make it better suited in certain situations than its object oriented counterpart? Disc
Consider your favorite teacher. What people-oriented and task-oriented leadership behaviors did he or she use effectively? In general, do you think students prefer an instructor who is more people-oriented or task-oriented? Explain your preference.
Decision Support Systems allow us to analyze complex relationships and to examine what if situations. Excel is an excellent tool for performing this type of analysis. In this assignment you will use Excel to solve basic quantitative analysis problems based in Linear Programming, Network Analysis, and Work Assignment.
Use Micr
