Reference no: EM131322354
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.
Discuss how society decides what to define as a crime
: Describe how society defines crime. Do not provide a definition - instead, explain how the definition is reached. Discuss how society decides what to define as a crime.
|
Process of addressing a moral issue
: The following assignment is an exercise designed to help you begin the process of addressing a moral issue, a process that will continue in the next two assignments. In this exercise, you will do the following: Formulate an ethical question within ..
|
How the condition of color-blindness still exists in humans
: Color vision gave our primate ancestors great advantages. If color vision is an advantage, discuss how the condition of color-blindness still exists in humans today.
|
Does president have power to take action without congress
: For your follow up posts challenge one of your peer's proposed executive actions. Is it a legal action? Does the president have the power to take this action without Congress?
|
Write a memo describing your understanding to make decision
: 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?
|
Post evaluation of most important validity issues of claim
: Post an evaluation of the most important validity issues of each causal claim chosen. Explain the variety of validity issues possible in each scenario and provide a rationale for what qualifies as "most important" to you.
|
Compound interest with nonannual periods
: (Compound interest with nonannual periods) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at 11 percent compounded quarterly or from a bank at 12 percent compounded daily. W..
|
Expansion project-requires initial fixed asset investment
: Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $2.79 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life, after which it wil..
|
Why do i want to become an us army officer
: Why do I want to become an U.S. Army Officer? What are you bringing to the Army? I've been with the enlisted side many years and seen how things run from the inside and outside. What makes your so unique?
|