4. Whats's the likely outcome of each possible choice? (If you can't predict the likely outcome of an option, stop and gather more informartion.)…
With freedom comes responsibility. When we first began sending messages through cyberspace, few anticipated that the digital footprint we were creating would follow us for a lifetime. Posts on Facebook that people make in junior high and high school impact hiringdecisions when they are 30.…
Capital Intensive: A business process or an industry that requires large amounts of money and other financial resources to produce a good or service. A business is considered capital intensive based on the ratio of the capital required to the amount of labor that is required. (investopedia)…
The general nature of the problem is not having a location due to Katrina and having to make…
Ted Kelly developed a little bit strange looking type of decision making which in fact is making no decisions at all. He says that everything he does at work is just a lot of good sleep on his sofa at office and reading a few memos about department achievements every week. He passes all the decision process to his subordinates, as he is the one, the leader of the wolf pack, and they only bother him with problems that they really can’t solve. Each department has it manager who is in charge of solving problems of his field and then at weekly staff meeting, whole group of managers discuss the results of plant and also they discuss problems which couldn’t be solved at the department level. They have a lot of responsibility and that is the main motivation for them to give their best into the work they do. They also don’t want to disappoint their leader, in this case Ted, who gave them all the mighty power they have. As reward he chooses some of the best players to be later promoted and this puts a little scent of competition among all the managers, so they try to solve problems of their departments as soon as possible and with positive endings.…
Maddie could not stop thinking about this boy, so she told her best friend, Tyler. Tyler and Maddie had been best friends for forever and were inseparable. “Oh my god! There is really cute boy in my AP bio class and i really wanna ask him out but i think it would be too weird. I don't know what to do! I think i might have found the love of my life”. “Girl shut up! You talk to this boy for five seconds and you think ya’ll are gonna get married. Honey no.”…
The Enrollment Management Committee and the Undergraduate Curriculum Committee were asked to investigate the over enrollment issue and to consider avenues for handling the preponderance of communication majors by the chairperson of the communication department, Chelsea McGuire. Each committee dedicated time, effort and energy in their small groups to come up with solutions for this problem.…
It is common knowledge that life is filled with difficult decisions; decisions that will be tough to get through. Even characters of books have hard decisions they must make, and even though they may not be real, the characters in the novels and stories have to make choices for what they believe is best for their current situation. In the end, one must make a decision even if it destroys him.…
By doing the wise choice process, I learned that I can use this process with any problem or situation that I may come across with in the future. This process makes decision-making a whole lot easier and effective. It gives me the power to take full responsibility for creating my life the way I want it to be despite any challenges that life presents. Before learning this process I would look at my problems and criticize myself or blame others for causing the problem. But now I only identify the facts of my problems and my feelings towards them.…
How do choices affect our life? Is always making good choices worth it? How do the choices we make whether good or bad affect is and those around us? Do we gain anything at all from the choices that we make?…
I chose scenario number two. Managers oversee as well as them having to come up with the best decisions to solve issues or difficulties overall to preserve their division and have it run smooth. There are various decision making approaches, but I will only talk about two and they are bounded rationality and rational. When decisions are being made that have an impact on others, it is vital to have the correct approach in addition to coming to a conclusion that will resolve the issue at hand. This report will talk about how nursing home supervisors and the infection control officer came upon a growing proportion of infection at the nursing establishment. The elderly home is in jeopardy of being fined if things keep going like they are and the supervisors have to figure out a way to resolve this issue.…
In 5th grade I liked this boy who always had Doritos chips. I hated them but I did anything I could just to talk to him. Every day I would go up to him and ask him for some, and he would always give them to me. One day my friend walked up to me while I was asking him and she then said “why are you asking him for those? You hate those chips! I looked at her and said well I like them now. She giggled and said no it’s because you like him. I was so embarrassed.…
Saumya Bhattacharya expressed her thoughts on how to come up with effective decisions and how to prevent its downsides. She quoted the source from the book of Michael J. Mauboussin, Chief Investment Strategist and a Professor of Finance at Columbia Business School, called Think Twice—Harnessing the Power of Counterintuition. Mauboussin’s first step is to have enough knowledge in the situation that you have. This would help in making effective decisions if you are understand what you are getting into. He mentioned an example of Stephen Greenspan that confirms that sometimes it is better to be wise rather than being just intelligent. Essentially, he mentioned having a decision-making journal, that whenever you have an important decision to make, you can write the decisions you have come up, how you arrived at it, and assume what are the effects of your decisions.…
Pros and Cons of Decision Making team: Taylor, Ghosh, SPACENET’s functional directors (3 – Felicity Sosland, Hassan Nuri, Janis Dobbs), with the exception of the Director of Manufacturing (Chen Lee)…
How do you make lucrative decisions for a company or an organization? Decision making is the process in which you identify problems, consider alternatives, gather information and act decisively but prudently that can give you profitable outcomes for your organization. As a decision maker it involves effective techniques to accomplish your goals and make decisions that are result of an intelligent deliberation. It’s mandatory to take every decision in the light of some logical judgment to maintain the fulfillment of your organizational goals. Being rational as a decision maker involves more realistic approach and analyzes all information accurately. Rationality in decision making involves systematic step by step method in which hard quantitative data is obtained through observation or mathematical analysis. In this process rational decision maker has to weight the alternative to decide which one is promising for long term optimal outcomes. However, studies have shown most of the decision makers are unable to determine best favorable alternatives because they are unaware of decisional vision. Some people assume that rational decision making is only related to problem solving measures but in reality decision making doesn’t involves problem oriented issues only. There are number of steps involved defining rational models:…