Ask Question, Ask an Expert


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

Assessment topic - qubeafter reading further background

Assessment Topic - QUBE After reading further background material on the company and relevant case studies on related companies, prepare a 2500 - 2600 word report analysing the important features of Qube, and identify lo ...

1prospectusthe prospectus is the first portion of a three

1. Prospectus: The prospectus is the first portion of a three part project. The best way to define a prospectus is it is a document that gives some general direction about the information you need to investigate and the ...

Ethics and corporate responsibility1 alia a graphic artist

ETHICS AND CORPORATE RESPONSIBILITY 1. Alia, a graphic artist at an advertising firm, realizes that the head designer, Ryan, has been copying designs from the Internet and passing them off as his own. Alia informs the ma ...

Assignment detailsdescriptionparticipants demonstrate their

Assignment details Description Participants demonstrate their advanced theoretical specialized knowledge of corporate governance and social responsibility through submission of a written academic paper (literature review ...

Question 1multiple-choice questions1 applichem why does the

QUESTION 1 Multiple-Choice Questions 1. Applichem Why does the Frankfurt plant have low cost, low raw material usage, high labor productivity compared to the Garry plant? a. Labor in Frankfurt is more productive b. Raw m ...

Case study - centralised distribution at

Case Study - Centralised distribution at Nike  'centralised and specialised, but not standardised Nike has a central customer service centre (distribution centre) located at Laakdal in Belgium. The centre is 200,000 squa ...

Problem 1pony express creations inc wwwpony-excom is a

Problem 1 Pony Express Creations Inc. ( is a manufacturer of party hats, primarily for the Halloween season. 80% of their annual sales occur over a six-week period. One of their popular products is Elvis ...

Assignment - practice managementinstructions1 this is an

ASSIGNMENT - PRACTICE MANAGEMENT INSTRUCTIONS: 1. This is an individual assignment 2. Read carefully the terms of reference 3. Prepare technical and financial proposals responding to terms of reference 4. Include core el ...

Task - reflect on your experience of working as part of the

Task - Reflect on your experience of working as part of the group in Assignment using concepts and theories from Topic: Groups & teams, and relevant academic sources. The following questions may provide a useful guide wh ...

1 principles and practices of managementhow will you

1. Principles and Practices of Management How will you influence people to strive willingly for group objectives in your organization (target based industry)? Apply your interpersonal influence through communication proc ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate