User Account

All Pages

Have you seen your organization make trend mistakes

Assignment Help Operation Management
Reference no: EM132069854

Assignment : Discussion-Business Analytics and Informed Business Decisions

Many times organizations will make decisions based upon what other organizations are doing at the time or based upon the latest business trend. Think about the dot-com bubble as businesses soared and perhaps were also part of the major bust. Many organizations felt that they needed to join the crowd and have an online presence, only to realize within a couple of years that the decisions were made in haste, which resulted in many companies filing for bankruptcy. This era also had some companies that did not follow the trend only to realize within a couple of years that they were losing out on a new market, such as the online trading industry. This is why doing some research in the beginning can really help organizations make decisions based upon what is truly good for the organization.

Using the Argosy University online library resources and the Internet, research ways of making informed decisions.

Respond to the following:

Why do you think managers, or business decision makers, get caught up in following the crowd versus making decisions that are truly going to add value to the business? For example, some businesses may make decisions that drive only short-term gains at the cost of future growth. Can such a blind leap be a good thing for the business? Is it worth the risk?

How can managers ensure that they are not following a trend but instead doing what is truly best for the organization?

Have you seen your organization make trend mistakes? What were the mistakes? How could these mistakes have been avoided or improved upon?

How do you think business can learn from the mistakes of others or business decision mistakes such as the dot-com era?

Write your initial response in 300-500 words. Apply APA standards to citation of sources.

Post your response to the appropriate Discussion Area. Through the end of the module, review and comment on at least two peers' responses. Consider the following in your response:

Provide a statement of clarification or a point of view with rationale.

Challenge a point of discussion or draw a relationship between one or more points of the discussion.

Reference no: EM132069854

Questions Cloud

Create the plan for your pln : The rise of social media and its power to instantaneously connect people to others is a testament to just how interconnected the world has become.
What do the mission and vision statements communicate : Choose and discuss two metrics that an organization might consider when developing a strategic plan?
Network of physical devices : Internet of Things (IoT) means network of physical devices, vehicles, home appliances and other items embedded with electronics, software
Why it is so important to health care organizations : Write a paper that defines and describes what mentoring is and why it is so important to health care organizations.
Have you seen your organization make trend mistakes : Have you seen your organization make trend mistakes? What were the mistakes? How could these mistakes have been avoided or improved upon?
Dispensing of information throughout the organization : Health Care Information Systems are important in dispensing of information throughout the organization. You will develop a research paper on a health care
Provide specific examples of products that lend themselves : For targeting new customers, examine the advantages and disadvantages of using these social networks compared to search engine advertising.
Multidimensional data visualisation : For this assignment, you are required to identify and develop one (or more) visualisation(s) for the one of the given multidimensional data sets using existing
Evaluate your market and future competition for selection : Describe the organization, product, or service that you selected for this assignment.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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