...be applied when correcting the problems of a given organization selected by the student. This paper will also give a case study on decision making in a specific organization selected by the student and give the solutions that can be set by the given company selected by the student. The paper will also illustrate a theoretical framework for organizational decision making. The selected topic for this term paper is organizational leadership. This topic is significant as it addresses organizational problems and challenges that the firms face and tries to give alternative remedies for those challenges. This topic is broad and helps managers in achieving the required level of production that is set for them by the board of directors and the top most managers. Although the majority of the organizations enjoy huge and healthy profits in their investments, optimal profits cannot be attained if they don't invest in organizational leadership (Zaccaro and Klimoski, 2001). This implies that the organizational decisions made by both the middle level and the top managers influence the productivity of the organization to a larger extent. The topic was also selected to give the student a vast knowledge and skills when it comes to the matters of managing organizations and giving out significant solutions for the challenges facing the organizations. Leadership Theory Short overview of Theoretical Framework Short overview of Theoretical Framework The major purpose of this part is to illustrate...
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...Jeff Bray Consumer Behaviour Theory: Approaches and Models Consumer Behaviour Theory: Approaches and Models...............................................2 1.1 Consumer behaviour & consumer decision making ............................................2 1.2 Theoretical approaches to the study of consumer behaviour..............................3 1.3 Economic Man .....................................................................................................4 1.4 Psychodynamic Approach ...................................................................................4 1.5 Behaviourist Approach ........................................................................................5 1.6 Cognitive Approach .............................................................................................6 1.6.1 Cognitive Models of Consumer Behaviour ..................................................9 1.6.1.1 Analytic Cognitive Models ..................................................................10 1.6.1.2. Prescriptive Cognitive Models............................................................20 1.7 Humanistic Approach ........................................................................................25 1.7.1 Humanistic Models of Consumer Behaviour..............................................25 1.9 Summary ............................................................................................................28 References.................
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...Jeff Bray Consumer Behaviour Theory: Approaches and Models Consumer Behaviour Theory: Approaches and Models...............................................2 1.1 Consumer behaviour & consumer decision making ............................................2 1.2 Theoretical approaches to the study of consumer behaviour..............................3 1.3 Economic Man .....................................................................................................4 1.4 Psychodynamic Approach ...................................................................................4 1.5 Behaviourist Approach ........................................................................................5 1.6 Cognitive Approach .............................................................................................6 1.6.1 Cognitive Models of Consumer Behaviour ..................................................9 1.6.1.1 Analytic Cognitive Models ..................................................................10 1.6.1.2. Prescriptive Cognitive Models............................................................20 1.7 Humanistic Approach ........................................................................................25 1.7.1 Humanistic Models of Consumer Behaviour..............................................25 1.9 Summary ............................................................................................................28 References..............................
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...ACCOUNTING THEORY: PURPOSE AND APPROACHES A TERM PAPER (2) ON ADVANCED ACCOUNTING THEORY (ACC 821) PRESENTED BY EKERIA, Victor IKYUME, Chiahemba James OGBOLE, Philip Osemudiamen SUBMITTED TO PROFESSOR A.E. OKOYE DEPARTMENT OF ACCOUNTING COLLEGE OF BUSINESS AND MANAGEMEN SUDIES IGBINEDION UNIVERSITY, OKADA MARCH, 2015 Abstract As tasks of accounting became more difficult and focus shifted to users’ needs, a theory became necessary. Existence of a need for information for decision making (decision usefulness) in face of information asymmetry led to development of means, tools and techniques for satisfying decision making needs (formulation of accounting theories) This paper briefly discusses the purpose/importance for accounting theory and various approaches to the formulation of an accounting theory under two headings, namely: (1) traditional approaches, and (2) new approaches. The paper finally highlights the critiques of the accounting theory approaches Table of Content 1.0.0. Introduction……………………………………………………………………………… 1 2.0.0. Meaning of Accounting Theory………………………………………………………… 2 2.1.0. Needs and Purpose for Accounting Theory…………………………………………….. 3 3.0.0. Early Attempts at Accounting Theory……………………………………………………...3 4.0.0. Approaches to the for Formulation of Accounting Theory……………………………….5 4.1.0. 4.1.0. The Traditional Approaches………………………………………………………..5 4.1.1. Non – Theoretical, Practical, or Pragmatic (Informal) Approaches……..........
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...Jeff Bray Consumer Behaviour Theory: Approaches and Models Consumer Behaviour Theory: Approaches and Models...............................................2 1.1 Consumer behaviour & consumer decision making ............................................2 1.2 Theoretical approaches to the study of consumer behaviour..............................3 1.3 Economic Man .....................................................................................................4 1.4 Psychodynamic Approach ...................................................................................4 1.5 Behaviourist Approach ........................................................................................5 1.6 Cognitive Approach .............................................................................................6 1.6.1 Cognitive Models of Consumer Behaviour ..................................................9 1.6.1.1 Analytic Cognitive Models ..................................................................10 1.6.1.2. Prescriptive Cognitive Models............................................................20 1.7 Humanistic Approach ........................................................................................25 1.7.1 Humanistic Models of Consumer Behaviour..............................................25 1.9 Summary ............................................................................................................28 References..................................
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...people. Every person is going to have different skills and styles of management. Contemporary approaches to management are widely used guidelines for managers. There are four contemporary approaches to management; Sociotechnical systems theory, Quantitative management, Organizational behavior, and Systems theory. Sociotechnical systems theory is an approach to management that suggests organizations are effective when their employees have the right tools, training, and knowledge. Employees being the social system and their knowledge being the technical system. This theory ascertains the idea that by ensuring the employees have these factors they will be able to make or produce product valued by consumers. Developed in the late 1950’s researchers believed workers should be given the freedom to fix mistakes early on that would result in waste, rather than later in the process. This approach promoted teamwork and work groups as an important factor for creating an efficient product system. Quantitative Management, adopted in the late 1940’s-1950’s is an approach that focuses on the use of science and math formulas as a management tool. By making a mathematical model of a problem managers can get a better view at the situation and have some aid in the decision making process. However typically managers do not focus solely on this technique, instead they use it as a tool for their decision making. This tool can help compare alternatives or even eliminate weaker options. Organizational...
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...Decision Making: It’s Not What You Think Decision Making: It’s Not What You Think Henry Mintzberg, MIT Sloan Management Review (2001) This essay’s purpose is to summarize Henry Mintzberg’s and Frances Westley’s article about decision making and possible approach methods that individuals and organization can choose to be used in problem solving depending on the nature of the issue. The first part will sum up the main ideas of the article, including main theories and practical advises that the authors are recommending. The second part of the essay will present some criticism towards the article and its theoretical framework and arguments. Main ideas and a summary of the theory Decision Making is a traditional area of interest in every business school and company. How are decisions actually made? Are they rational or just products of individuals’ personal opinions? Should they even be based on what is called as rational thinking? Henry Mintzberg and Frances Westley tried to tackle this problem of how decisions should be made in their essay Decision Making: It’s Not What You Think, published in MIT Sloan Management Review (2001). They challenge the traditional approach of logical problems followed by step-by-step solutions. The researchers argue that there are a whole bunch of different types of problems in need of different approaches. The common type of decision making follows a clear pattern. First step would be defining the problem. Secondly, one needs to diagnose the...
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...Table of Contents 1. Understand the relationship between organizational structure and culture: 2 1.1 Compare and contrast different organizational structure and cultures: 2 1.2 Explain how the relationship between an organization’s structure and culture can impact on the performance of the business: 4 1.3 Discuss the factors which influence individual behavior at work: 4 2. Understand different approaches to management and leadership: 5 2.1 Compare the effectiveness of different leadership styles in different organizations: 5 2.2 Explain how organizational theory underpins the practice of management: 5 2.3 Evaluate the different approaches to management used by different organizations: 6 3. Understand ways of using motivational theories in organizations 7 3.1 Discuss the impact that different leadership styles may have on motivation in organizations in period of change: 7 3.2 Compare the application of different motivational theories within the workplace: 8 3.3 Evaluate the usefulness of a motivation theory for managers: 9 4. Understand mechanism for developing effective teamwork in organizations 10 4.1 Explain the nature of groups and group behavior within organizations: 10 4.2 Discuss factors that may promote or inhibit the development of effective teamwork in organizations: 10 4.3 evaluate the impact of technology on team functioning within a given organization: 11 References: 12 Introduction: Organization is the combination of people for...
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...Management Theories and Philosophies 1. INTRODUCTION According to (Gomez et al, 2008) Management was first start arise in 18th century during the industrial revolution in America and Europe. Earlier the economies of both America and Europe depend more in primary sectors which started agriculture, mining activities and forestry. The growth of these primary sectors leads raises the awareness of entrepreneurs to invest in new factories since the market or trade expand together with development in technology. These enhance the beginning industrial revolution as the need to improve methods of work, productivity, quality of product and efficiently. The researchers in management field was the then born that time and various theories developed. The nature of the word theory have different in opinions but many business professionals, social scientists and other academic have very similar beliefs on definition of theory. According to (Online Dictionary, 2009), define theory as a “supposition or system of ideas explaining something”. On other hand by considering its applications the definition of Management has wide range and many authors including well known such as Ernest Dale, Gerald A Cole and Lurrie J. Mullins who explained that there is no main perfect or accepted definition of management by considering the different in theoretical approaches which management developed in. The approach to management in organization should consider the nature of the organizations so as to meet as suit...
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...NY: Wiley. (pp. 913-915). MANAGEMENT DECISION MAKING A major concern in management has been to understand and improve decision making. Various approaches have been proposed by psychologists, most based on a “divide-and-conquer” strategy. This strategy – also labeled “problem decomposition” – involves breaking a large decision problem into smaller parts. The idea is not new: In a “Letter to Joseph Priestly,” Benjamin Franklin was one of the first to describe a decomposition strategy. The theoretical justification for this approach was outlined by Simon (1957) in his account of “bounded rationality.” This concept says that cognitive processing limitations leave humans with little option but to construct simplified mental models of the world. As Simon (p. 198) put it, a person “behaves rationally with respect to this model . . . (although) such behavior is not even approximately optimal with respect to the real world.” There have been two approaches to management decision making (Huber, 1980). The first is concerned with development and application of normative decision rules based on formal logic derived from economics or statistics. The second involves descriptive accounts of how people actually go about making judgments, decisions, and choices. NORMATIVE ANALYSES As initially outlined by von Neumann and Morgenstern (1947) in Theory of games and economic behavior, a variety of techniques have been derived for making optimal decisions. A distinction is often drawn between riskless...
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...| Organizations and Behavior | A Theoretical Perspective | Muhammad Ariful Islam 01-Aug-12 | Contents Introduction 3 1. Understanding of Different Approaches to Management and Leadership 3 1.1 Comparison of Effectiveness of different leadership styles in different organizations 3 1.1.1 Autocratic Leadership Style 3 1.1.2 Democratic or Participative Leadership Style 4 1.1.3 Free Rein Leadership Style 4 Table: 1 5 1. 2 The Best Suited Leadership Style in this Scenario 5 1. 3. How Organisational Theory Supports the Practice of Management 5 1.3.1 Classical Theory 5 1.3.2 Neoclassical Theory 6 1.3.3 Contemporary Theory 6 1.4. An Evaluation of Different Approaches to Management Used by Different Organizations 6 1.5. Organisations that Adopt Different Approaches of Management 8 2. Understanding of the Ways of Using Motivational Theories in Organisations 8 2.1 The Impact of Different Leadership Style on Motivation in the Periods of Organizational Change 8 2.2 An Effective Leadership Style Can Help to Achieve Organisational Objectives 8 2.3 Comparison of the Application of Different Motivational Theories within the Workplace 9 2.4 ‘Motivation can Increase Employee’s Performance’- A Justification with Argument 9 2.5 The Usefulness of a Motivation Theory for Managers 9 3. Understanding of the Mechanisms for Developing Effective Teamwork in Organisations 10 3.1 The Nature of Groups and Group Behaviour Within Organisations 10 ...
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...Negotiation Theory Types of Negotiation Table of contents 1. Introduction 2. Negotiation Theory: Foundations and Approaches 2.1. Basic concepts of negotiation 2.2. Negotiation approaches: An overview 2.2.1. Structural approach 2.2.2. Strategic approach 2.2.3. Behavioral approach 2.2.4. Processual approach 2.2.5. Integrative approach 2.3. Summary of approaches 3 Types of Negotiation Negotiation Theory and Practice: A Review of the Literature “major public policies are the outcome of a complex round of negotiation between interests, choices between values and competition between resources… there are no single ‘best’ options for any player in this game, for the ‘best’ outcome depends on what others do and what deals are possible.” (Davis et.al., 1993) 1. INTRODUCTION “Pure” conflict defined as the existence of competing interests between parties in absence of interests that are shared, is an anomaly in international relations where the defining feature of the relationship between states is mutual dependence. Such was the observation of Thomas Schelling, noted international economist, during the height of the Cold War. In the decades that have since transpired, globalizing developments in technology, communications, finance and trade have given rise to a world in which citizens, organizations and governments engage in millions of trans-national interactions on a daily basis. In the modern age, the need...
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...computers, the iPod, the iPhone and the iPad. In present, the company operate with 300 retail stores in ten countries and an online store through which it sells its hardware and software products (Apple Inc., 2010). The thesis statement of this research report is that, what kind of management approaches are used by Apple Inc. to manage the different functions such as planning, organizing and controlling, so that company can make strategic planning and effective decision making process. Management Approaches of Apple The approaches of managing people in the firm uses by Tim Cook are quite different from the approaches used by Steve Job. Steve Job was a great entrepreneur, who had follow hub-and-wheel management approach to organize a multinational corporation; on the other hand, Tim Cook is more cooperative than Steve Job and follows the management theory of Taylor’s scientific approach and theory of the human relations approach (Finkelstein, 2013). Although the management approach of Steve cannot be questioned but he was demanding and aggressive and handled all the planning and decision making processes through a decentralized structure, as his approaches was based on theory of Fayol, as per that manager plans, organizes, commands, co-ordinates and controls all the activities and processes (Adetule, 2011). Further, Tim Cook is more...
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...Holiday decision-making: an adaptable and opportunistic ongoing process Name: Institution: Course: Tutor: Date: Identify and discuss how holiday decision-making as described in the case, is different from the traditional problem-solving models of consumer decision-making Holiday decision-making process is different from the traditional problem-solving models of consumer decision making. This is because holiday decision-making model does not require fixed sequential stages that are required by traditional problem-solving models. Administrative factors play an imperative role when deciding time and choice of holiday decision-making process (Schermerhorn & Osborn, 2011). The typical factors that mostly influence the holiday decision-making process are levels of involvement, situational factors, anticipation, nostalgia and daydreaming. On the other hand, this is very different from traditional decision-making process that is well sequentialized and structured. In this model, the need for a specific service or product is identified and information search and other alternatives are evaluated. The consumer is further led towards purchasing a product and there after placing a purchase evaluation (Moore & Simmons, 2010). In the traditional consumer decision-making, the method of searching for information is well structured and it is either external, internal or both of them. Information collection process in the holiday decision making is an ongoing and...
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...organizational theories are many and they are a mixture of various approaches to analyse an organization and the way it perform. One of these approaches is the classical organizational theory that is divided into two sub topics: the scientific management theory and the bureaucracy theory. The management at Trust Technology is adopting the classical scientific management theory in its operations. The management in the company considers that the scientific theory that is based on managing the workers in order to improve the production is the best solution for their scenario. Trust Technology is an 8 years old business that is classically focusing on the relation between the worker and the employer without any complex organizational management. After its third year, Trust Technology started to have more customers and hence the business started to expand. The number of workers increased and then more supervision and management strategies should be implemented at this case. It is important for companies to know what organizational theory approach to use in order to improve the companies productivity, and also what is more important is to know what kind of approach to take and when should the company take a step forward. After knowing the problem, the management in Trust Technology decided to move on to the bureaucracy theory of organization and divide the company into hierarchical tree of management and workers. Organizational Theory Definition Organizational theory is slightly a...
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