Problem regarding the decision-making process

Assignment Help Business Management
Reference no: EM131207047

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.

Reference no: EM131207047

The well-being of future generations

What ethical arguments, in your opinion, could best persuade various sectors of society to assume an obligation for the well-being of future generations? Defend your respo

Differentiate the types of authorities in an organization

Identify effective delegation practices. Explain the key principles of delegation. Differentiate the types of authorities in an organization. Analyze how those in authority ca

What are three ways of resisting requests to act unethically

Prepare a two to three page paper, following APA guidelines, detailing three of Common Characteristics of Poor Decision Making, three ways of Resisting Requests to Act Uneth

Does more data always mean better decisions in corporation

B6111.31-What are the costs of this massive expansion of information available to managers and other business users? Does more data always mean better decisions in the corpora

An implementation plan for the new production process design

An implementation plan for the new production process design as well as supply chain for the Riordan electric fans including a Gantt chart of the implementation plan.

Illustrate what steps can be taken now to reduce the risk

Predict the most likely population to be impacted by CVD 20 years from now and examine illustrate what steps can be taken now to reduce the risk to this population. Provide

Describe the two leaders in terms of lpc

How would you describe each of the two leaders in terms of LPC( Least- preferred Coworker) and situational control and how are they similar? How are they different?

Administrative law judges or commissioners

Analyze and brief an Occupational Safety and Health Review Commission decisions by Administrative Law Judges or Commissioners. You can access these decisions from the Occupa

Reviews

Write a Review

 
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