Business Management
Management assignment 3
1) Dicuss Pandora Media in terms of risk, uncertainty, and how its managers handled the company’s challenges. What is the current news on this company? The meaning of a business operating under conditions of uncertainty is the lack of pertinent information and cannot estimate accurately the likelihood of different results of their actions. Pandora media provides internet radio services in the United States. Some of Pandora’s risks that would lead to the company’s probability of success would be the uncertainty at the core of finance. Meaning, even though Pandora’s music service has grown to 80 million registered users and a database of over 800,000. They still lack to generate sufficient revenue to turn a profit due to the economy. Managers handle the company challenges by modifying its original commitment to the free radio model, offering users an alternative. Listeners who would prefer to skip the advertising have an option to pay $36 per year for ad-free streaming of their music.
2) What effects does time pressure have on your decision making? In what ways do you handle it well and not so well? The effect time pressure has on an individual could be the use of proper time management. For example, your boss need you to pick up the slack for someone who took a sick leave you have their work as well as your. The best way to handle the situation is organization. Being able to accomplish doing your work and theirs without falling behind. I had a situation were I was on call working a IT position that required me to monitor a server for a fortune 500 level company. Hardware needed to be repaired overnight. Time management was key because I knew that if I got paged late at night I would have to prepare time to work the issue as well as has have enough sleep to work the next day.
3) Recall a recent decision that you had difficulty making. Describe it in terms of the characteristics of managerial decisions. I can recall a situation
1) Dicuss Pandora Media in terms of risk, uncertainty, and how its managers handled the company’s challenges. What is the current news on this company? The meaning of a business operating under conditions of uncertainty is the lack of pertinent information and cannot estimate accurately the likelihood of different results of their actions. Pandora media provides internet radio services in the United States. Some of Pandora’s risks that would lead to the company’s probability of success would be the uncertainty at the core of finance. Meaning, even though Pandora’s music service has grown to 80 million registered users and a database of over 800,000. They still lack to generate sufficient revenue to turn a profit due to the economy. Managers handle the company challenges by modifying its original commitment to the free radio model, offering users an alternative. Listeners who would prefer to skip the advertising have an option to pay $36 per year for ad-free streaming of their music.
2) What effects does time pressure have on your decision making? In what ways do you handle it well and not so well? The effect time pressure has on an individual could be the use of proper time management. For example, your boss need you to pick up the slack for someone who took a sick leave you have their work as well as your. The best way to handle the situation is organization. Being able to accomplish doing your work and theirs without falling behind. I had a situation were I was on call working a IT position that required me to monitor a server for a fortune 500 level company. Hardware needed to be repaired overnight. Time management was key because I knew that if I got paged late at night I would have to prepare time to work the issue as well as has have enough sleep to work the next day.
3) Recall a recent decision that you had difficulty making. Describe it in terms of the characteristics of managerial decisions. I can recall a situation