Aspects of judgments in the advice

Assignment Help Business Management
Reference no: EM1333934

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 payment, but Dan is not sure if that will solve the problem. He also wonders how much this move will cost him. One of his friends tells him that the discount offer would be a bad idea because he knows of a construction company that used the discount policy, which ended in disaster. The company lost 5% of its revenue on those who would have paid promptly anyway, and those who did not intend to pay on time simply did not pay.

Critically analyze Dan's friend's advice. Point out the relevant aspects as well as any judgments in the advice. Does Dan's friend make any questionable assumptions?

Mention other alternatives for Dan Miller and describe their relative advantages.

Reference no: EM1333934

Previous Q& A

  Trends and challenges paper and presentation

Prepare paper discussing existing trends and challenges in HR management and show how a complete performance management system differs from the use of annual performance appraisals

  Vision and strategy of the organization

How does Coca Cola customer service perspective relate to the mission, vision and strategy of the organization?

  Inflation and interest rates

What is the difference between systematic and unsystematic risk? How is the beta coefficient used to assess risk? Is it better to maximize return or minimize risk? Why?

  Write down a c++ program for little man''s computer

A text file containing machine code (not assembly code) for little man's computer following instruction set . Instructions are in different lines (no need for semicolon at the end of each instruction)

  Elucidate how an increase in your nominal income

Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.

  Analyze the business strategy of kodak and wal-mart blockbus

Analyze the business strategy of Kodak, Wal-Mart and Blockbuster.

  How is employment-at-will applied in your organization

How is employment-at-will applied in your organization or in one with which you are familiar and what extent do the exceptions to employment-at-will limit its application in the organization

  Addressing the confidentiality of medical records

What interests are served by maintaining confidentiality of medical records?

  Risk premium on the market

Assume an ExxonMobil Corporation bond will pay $4,500 ten years from now. If the going interest rate on safe 10-year bonds is 4.25%, how much is the bond?

  Elucidate these factors in terms of the production curve

Illustrate what is the efficiency factor. Elucidate these factors in terms of the production possibilities curve.

Reviews

Write a Review

 

Similar Q& A

  Components of contingency model of leadership

Identify and describe the key components of the contingency model of leadership as presented by the authors.

  Characteristics of the worst leader

Describe the characteristics of the worst leader you have known.

  Attributes of a retailer''s actual customers

Attributes of a retailer's actual customers may differ from its targeted customer. find the  possible reasons for these differences?

  Business ethics and social responsability-case study

Shell began oil extraction in the Niger Delta in the late 1950s. Between 1950 and 2000, Shell extracted oil for more than 250 billion dollars. During this time, in 2000, the standard of living of the five million people who live in this region has..

  Ethics and accountability in job descriptions

Discuss how the position is held accountable for responsibilities (consider the position's boss). Explain how the position holds other public administrators accountable. Discuss how the public holds the position accountable.

  Explaining gender and leadership

You recently attended a management workshop entitled, "Gender and Leadership," during which the workshop leader related the following statement: "We need not just a new generation of leadership but a new gender of leadership" Bill Clinton.

  Explaining affirmative action plan

Affirmative action plan that would consider gender as one component of the decision when promoting librarians. Is this affirmative action plan valid? Explain your answer.

  Good communication skills by successful manager

The secret to being a successful manager is to use good communication skills that create a positive image.

  Mmajor successes and challenges of ceo as a leader

A brief summary of major successes and challenges that have contributed to his knowledge and skill as a leader.

  Government programs for funding of health care

Select one of the major U.S. government programs for funding of health care services, and explain the scope and role of the program in American medical care.

  Written job requirements

How could the  written job requirements  help you to manage your work unit?

  Importance and focus of business ethics

What should be the primary focus of business ethics, and why is this so? Is it necessary for everyone in a business organization to fully understand and practice sound business ethics all the time? Why or why not?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd