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You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overall company can and will have far greater impact on the company and its employees. Your boss, the chief executive officer (CEO), realizes that you do not have much practice in this higher level, decision-making process and has asked you to write a memo describing your understanding of how to make important decisions. Your memo should address the following questions: Describe at least 3 criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision? In the realm of decision making, what are assumptions? Rather than use a dictionary definition, cite several specific assumptions that would go with any real-life decision you have made or have seen made at a company at which you have worked. Given the importance of proper assumptions, your boss asked you to assess the accuracy of certain business assumptions and what could you do to test or confirm the credibility of them. The following were major assumptions for each firm: An automobile manufacturer's assumption that the demand for SUVs would continue because gas prices would continue to rise An airline's assumption that there was a need for an airline that provided no added amenities
Chester's Elite product Creak has a consciousness of 72%. Chester's Creak product manager for the Elite segment is determined to have more consciousness for Creak than Andrews' Elite product Axe
Using your knowledge of the stages of life as well as career development describe how the cater issues of a twenty-seven year old differ from those of a forty-five year old.
What position would you take regarding this comment. Defend your perspective.
Explain why is internal alignment an important policy in a strategic perspective of compensation?
Explain what supply chain management refers to and how it might differ between service type businesses and product type businesses, and between retail and manufacturing type businesses.
What demographic and Psychographic data is used within your industry in an effort to understand and serve the needs of consumers?
Accounting in business decision making - Looking for various input and perspectives on the topic
"Why do students in OM 301 receive low grades?" For the main main branches of the CED, use the titles of student, books, faculty, and equipment."
freedom of speech in the workplace1. a business has a backage of orders and to meet its deadlines management decides to
Chang Yung Chong is planning whether to open a new computer store called Power Byte Computers in West Lafayette, IN. Mr. Chong wishes to proceed cautiously since the market potential for another computer store is uncertain.
You also your co-workers had an in-depth discussion about non rational escalation of commitment. Use your best communication techniques to discuss the following questions: Classify the possible original decisions, the person(s) who could make it a..
understand and interpret unhealthy conflicts in teamsunderstand and interpret unhealthy conflicts in teams. look up and
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