Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Management Theories Expert

problem 1) 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 primary function 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 don’t have much practice in this higher level, decision-making process and has asked you to prepare memo describeing your understanding of how to make vital decisions.

Your memo must address the following problems:

describe at least three criteria that would determine whether the manager is making good decisions. What must be done to better guarantee that you are making good decision?

In the realm of decision making, what are assumptions? Rather than use dictionary definition, cite some specific assumptions that would go with any real-life decision you have made or have seen made at company at which you have worked.

Given the significance of proper assumptions, your boss asked you to measure the accuracy of certain business assumptions and what could you do to test or confirm the credibility of them. The main assumptions for each firm are:

An automobile manufacturer's assumption that demand for SUVs would continue as gas prices would continue to rise

An airline's assumption that there was a need for the airline which provided no added amenities

Word limit is 500 words.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M96038

Have any Question? 


Related Questions in Management Theories

The key assignment first draft should contain material from

The Key Assignment first draft should contain material from Parts 1-4 and should be 1,250-1,600 words. For this unit's assignment, you are to add the following section to your draft: Quality Tactics and the Logistics and ...

Topic 1 origins of management practices1explain what is

TOPIC 1: ORIGINS OF MANAGEMENT PRACTICES 1. Explain what is meant by ‘management'. In your answer discuss how the definitions or ‘management' have changed over time. 2. Explain the differences between effectiveness and e ...

Supply chain managementa supply chain involves all the

Supply Chain Management A supply chain involves all the activities associated with how manufacturing, materials, facilities, personnel, transportation, inventory, and other items flow and a supply chain involves all the ...

Write a 1050- to 1400-word paper addressing the following

Write a 1,050- to 1,400-word paper addressing the following: Identify two jobs within the company of your choice. Describe the general function of performance management systems. If your assigned company does not use a p ...

Part 1 scenarionbsp you have been hired as a consultant by

PART 1: Scenario:  You have been hired as a consultant by the CEO of a medium-sized business with a limited budget to help address concerns that he has about his organization's information security - and to bring efficie ...

1 public relations pr are the practice of good-quality

1. Public relations (PR) are the practice of good-quality communication between a company and the public. Conduct research to locate an effective example of public relations and an ineffective example of PR. Provide your ...

Assignment lasa- ikea analysis reportwhat is values-based

Assignment: LASA- IKEA Analysis Report What is values-based service? How can a company create value for customers and other stakeholders? Values-based service is defined as service that is firmly based on the core compan ...

1 describe each of the six steps involved in developing a

1. Describe each of the six steps involved in developing a project strategy. 2. Describe the advantages and disadvantages of functional, projectized, and matrixed organizational structures.  Turner, J. R. (2014). Handboo ...

Questions1 what would be the results of an effective

Questions: 1. What would be the results of an effective security investment? How would you measure that? 2. What role should the public play in risk management? 3. What role does a risk communication strategy play in ris ...

Supply chain management strategy proposaldevelop a supply

Supply Chain Management Strategy Proposal Develop a Supply Chain Management Strategy Proposal, specifically dealing with the following scenario. The scenario centers around the choice of a location for a new distribution ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen