Reference no: EM132426498
Assignment: 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:
1. 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?
2. 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.
3. 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.
|
Develop a competitive compensation and incentive program
: Develop a competitive compensation, benefits, and incentive program for a large marketing firm in New York City. The board of directors wants the firm to be.
|
|
Describe the goal of affirmative action as a framework
: The original intent of affirmative action was to "level the playing field" and ensure minority groups were treated fairly during the employment process.
|
|
Analysis of ethical challenges presented by the situation
: You are an HR professional in an organization with 1,200 employee and seven sites. The company you work for is involved in engineering.
|
|
Which of the two leaders should you talk to and why
: How should you approach this situation? Which of the two leaders should you talk to, and why? What points, ideas, or other information might you use to approach
|
|
What are assumptions in the realm of decision making
: In the realm of decision making, what are assumptions? Rather than use a dictionary definition, cite several specific assumptions that would go with any.
|
|
What information should be shared with project stakeholders
: What information should be shared with the project stakeholders? What is the mechanism that could be used for each type of information?
|
|
Describe potential risks associated with the project
: The Woolong Company produces high-end vacuum cleaners and sells them to consumers online. They are designing a new product, and you have been hired.
|
|
Describe importance of interpersonal skills for a manager
: A key characteristic of an effective manager is good interpersonal skills. Among the interpersonal skills that must be built are: motivation, communication.
|
|
How will the changes help the company to reach consumers
: Where will your innovations take the company in the future? How will the changes help the company to reach consumers and the right time?
|