...Decision Making MGT/230 January 23,2012 Diane Roberts Decision Making Process At twenty one years old a young girl decided to make the decision that would destroy her or give her a second chance in life. She met a guy that she thought she loved. Upon being with the guy she found him to be physically and mentally abusive. Two years into the relationship, she found out that she was pregnant. She was faced with a decision. Should she stay and suffer the abuse, and endanger the child all for the sake of having two parents in the child’s life, or should she have an abortion, cut her loses and leave the man. Ultimately the girl decided to leave the guy and have the child but even as she made that decision, she found another set of woes being a single parent. The decision making process is inclusive of identifying the problem, generating alternative solutions, evaluating alternative solutions, making the choice, implementing the decision and evaluating the decision. The young adult mentioned in the introductory paragraph was me. I didn’t implement all of the steps mentioned in the text but I did use some however I it is my belief that the decision would have been different if all of the steps were used. I clearly knew that there was a problem in this relationship and as I sat and thought I realized that I needed to determine alternate solutions but that could not happen until I determined within myself that I was ready to completely resolve this. The Batemen and Snell (2011)states...
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...Surviving the $15 Minimum Wage: McDonald’s Struggle to Remain Competitive Rasel Ahammed Dario Colon Gonzalez Gregory A. Delts Valerie Demas Keller Graduate School of Management Professor Vera Daniels MGMT 530: Managerial Decision Making November 27, 2015 Table of Contents Page 3: Executive Summary Page 4: Introduction-Overview of Decision Problem Page 4: Problem Statement Page 5: Objectives Page 6: Summary of Key Objectives Page 6: Alternatives Page : Description of Alternatives Page : Selection Page : Consequence Table with Original Values Page : Ranking Alternatives Page : Scoring Model: Title Page : Weighted Scoring Model: Title Page : Consequences Page : Risk Profile: Title Page : Implementation, Monitoring, and Control Page : Timeline Page : Summary Page : Works Cited Executive Summary McDonald’s restaurant chain, long considered an industry and community leader, has begun to experience a reversal of its corporate fortunes. They have seen a steady decline in total profits, sales, and a weakening of their corporate image. To add to their troubles, New York State Governor Andrew Cuomo, and a growing number countrywide are in the process of approving a bill almost doubling the minimum wage for fast food workers from $8.75 to $15. The problem is, knowing that there will be a dramatic increase in salary expenses in the next few years, how can McDonald’s alter its business practices...
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...HOLIDAY DECISION MAKING: PROCESS OF LEISURE DISCOVERY AND ADAPTABILITY. The following essay attempts to discuss and critically evaluate the traditional problem solving, cognitive model of consumer decision making process with that of holiday decision making. The writing begins with the introduction phase which discusses the traditional model of consumer decision making process. The following subsection discusses the sequential stages involved in the traditional consumer decision making, following is a comparative analysis between holiday decision making and traditional consumer decision making based on the stages involved in traditional consumer decision making. A conclusion that summarizes this study follows thereafter. I. INTRODUCTION “Consumer behavior reflects the totality of consumers’ decisions with respect to the acquisition, consumption and disposition of goods, services, activities, experiences, people and ideas overtime.” (Wayne D. Hoyer, Deborah J. Maclnnis 2008). This means that as much as the consumer will purchase a certain product e.g. soap, based on his preference of brands, he may also purchase a product such as a book just because it has been written by a popular author. Consumer decision making is about market choice behavior where consumers must make a decision between two or more competing alternatives, and thereafter decide on whether to purchase the alternative. The consumer decision making process is the stages that a consumer goes through in order...
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...Sample Proposal Summary of Request Program Title: Proposed by: Agency Name: Ballet Austin Community Development through the Arts Contact Person Title Organization Address: City, State, Zip Phone: Fax: Email: Program Dates: Amount of Request: Program Description Community Development through the Arts is a Ballet Austin initiative that provides small to mid-size Texas communities with quality arts programming, in-school arts education residencies and professional development for arts organizations and presenters. Through this program, the organization name will provide the community(s) of name of community(s) with the following services: • • • • A public, family performance of The Nutcracker Two days of in-school educational residencies Docent (public-speaking) training for area schoolteachers and community members to help them prepare their students and the community for the family performance Professional development training for community members ( organization name ) in the areas of marketing and advertising, fundraising, special events, public relations, box office management and outreach programs The goal of the Community Development through the Arts initiative is to provide our community with quality arts programming and to utilize the experience of the Ballet Austin staff to ensure that the presentation of the events will be successful. Skills gained from the professional development are transferable and will allow the organization name to plan and implement...
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...“MAKING MARKETING DECISIONS” Marketing Management (MKT 500) 1. What role does quality plays in the formation of attitudes? 2. How might Mercedes preclude any further dilution of its brand in the perceptions of consumers? 3. Comment on the effects of competition from Lexus and other brands on the search for information and decision making by consumers. 4. How do youthful consumers differ from older adults in terms of information search, personal influence, and auto product preferences? Role plays makes a huge statement in the formation of attitudes. Customers of who have been loyal buyers of Mercedes Benz expect to see consistency. When drastic changes are made it somehow puts Mercedes Benz in the light of luxury in the eyes of the consumer. With something as simple as wood paneling being removed from the normalcy the consumer starts to view differently. Luxury and quality are high standards of Mercedes Benz and these are the expectations of the consumer. Once again listening to your customer will always provide a better return in the long-term. Mercedes can avoid satisfaction with its consumers by including them in what they may want to see in there luxury cars or just state consistent to what customers are familiar with. Change can be a shock to many because it’s an unfamiliar place that many chose to stay away from. Luxury cannot be taken down to average or else it loses its taste. Lexus just as Mercedes Benz all represent high quality and there target...
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...Thinking and Decision Making Joshua Bustos, Markethia Hughes, William Huntzinger, Gabriella Nava, and Patricia Williamson MGT 350 February 27, 2012 Courtney Wilson Thinking and Decision Making Logical Thinking Everyone is born with the ability to reason, even on a primary level. Logical thinking is a process in solving problems that requires reasoning. The word logic is from ancient Greek. Logic is a science that studies the principles of correct reasoning. There are two types of logical reasoning induction and deduction. Inductive reasoning is also known as inductive logic is the process of reasoning for specific evidence, observation, or experimentation. Inductive reasoning individuals do every day in his or her lives. Deductive thinking is also known as deductive logic the process of reasoning based on common knowledge. A logical thinker needs to recognize illogical thinking. Critical thinkers will ask questions to determine if the issue is logical or illogical for instance; do the pieces fit together logically? Are you really sure this makes sense? Are you certain it is in the publication? It is imperative the questions that are asked needs to be specific and precise to the situation or issue. If there is any inconsistences exist when finish asking the questions it is more likely the thinking path is illogical. It is important for logical thinkers to follow the facts for creditability to the situation or issue. In another words “When the combined thoughts...
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...Decisions in Paradise: How to Be, or Not to Be Expanding Del Monte’s Presence in Kava Del Monte Foods is considering expanding their operations and establishing a greater presence on the Island of Kava in the South Pacific. There are many obstacles to overcome, some of them being the fact that Kava has many disasters and chaos to deal with in its every day existence. Many of its residents are indigenous people who practice indigenous health care and indigenous religion. Becoming a greater presence in Kava can either have a very positive effect that can transform the life of an entire culture or not be any help at all just remain status quo. Del Monte Foods is one of the countries largest and best known producers, distributors and marketers of premium quality, branded food and pet products. Their mission is “committed to enriching the lives of today’s families including pets. They do this by providing nourishing, great tasting, and easy-to-use products that meet the needs of everyone in your home.” The company further defines those principles as the following: We are driven by the consumer and deliver results through a partnership with our customers built upon superior brands and products, continuous innovation, excellent service and a commitment to quality in all we do. Our people are passionate about winning and take pride in Del Monte as they lead the company to achieve world-class performance and superior shareholder value. “(www.delmonte.com)” While there are...
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...ODUCTION HP is one of the world’s leading Computer software, hardware and service corporations which provide services globally in all industrial areas such as health, agriculture and education. It was founded in 1938 by Dave Packard and Bill Hewlett as a garage company with its initial launch developing any type of gadget, software and equipment then later evolved over the years. It’s the only major company that succeeded during the economic downturn. HP went public in 1957 and had an initial investment of $US 538. Its current income as at 31 October 2011 is $US 127.2 billion with the current CEO and President as Meg Whitman. Over the years HP has acquired over 116 companies. In the Hp’s 2012 Fortune 500 ranking, HP was ranked number 10 which was an improvement from number 11 the previous year. This essay will critically examine how Organisation Behaviour, Decision Making, Strategic Management, Maori Business and Human Resources and Industrial Relations can be interlinked to improve HP’s business performance and standards. Organisational Behaviour Organisational behaviour is defined as the study of impact of behaviour in organisations on organisational (e.g effectiveness), individual (self-esteem) and social (e.g racial discrimination) outcomes. (A.J Mills et al, 2006) Communication is defined as the process of sending and receiving symbols with meaning attached, (VMS 2010). Old HP emphasised on informal communication which act as a valuable purpose in expressing certain...
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...Zack Buckway Mrs. Finder English 1010 15 October 2014 Higher Education. A Split Decision Universities extend back centuries and have played a huge role in expanding the minds of its attendants. Universities like Oxford or Cambridge were established near to as early as the 1100s, but they were not sanctioned until deemed by a Pope or King soon after. While this great honor of recognition brought a good rep with it, it also came with a price to the masters and their apprentices. Although the system today is quite modernized and is commonly available to all, scholars of the highest degree were the only participants, save it be the masters, of such study in the early days of college. This is also due to the fact that the general population was illiterate. Time passed on and shortly thereafter, universities were beginning to spread like wildfire throughout the nations and the ability to attend such institutions passed down to those who were wealthy or intelligent enough to be accepted. Masters with their students were the leaders of such centers, and they were free to delve into any subject they wished until the desire to become recognized grew. Recognition esteemed them to be great but at such a cost that they studied theology more intently than the liberal arts in order for them to catch the Pope’s eye. Fortunate for education, it progressed far passed theology to explore into the depths of science, reasoning, and technology which came much later in time. Fast forward a...
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...Kaplan University Graduate School of Business and Management GB540-03 Economics for Global Decision Makers – Unit5 Assignment Dr. Barbara-Leigh Tonelli. By Ajeeth Pingle 4/05/2011 Wal-Mart Economic Indicators Wal-Mart has become the world's number one retailer. Diversification into grocery (Wal-Mart Supercenters and Neighborhood Markets), international operations and membership warehouse clubs (SAM'S Clubs), has created greater opportunities for growth. But unlike some corporations, whose financial growth does not translate into more jobs, Wal-Mart's phenomenal growth has been an engine for making jobs. Wal-Mart has a history of having become a strong investment for Shareholders. The Company made its initial public offering in October of 1970, when selling 200,000 shares for $16.50 per share. If an investor had purchased 100 shares in the initial offering, those shares would have been worth more than $13 million as of January 31, 2011 and the number of shares owned by that investor would have grown to 204,800 thanks to 11 stock splits. From the beginning, Wal-Mart has created tremendous Shareholder value. The Company raised $3.3 million in its initial public-equity offering. As of April 2, 2010, the Company had grown to a market capitalization of nearly $211 billion. According to About.com (2010), economic indicators are economic statistics...
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...Decision-Making Case Study Analysis Tara Thompson HCS/514 September 27, 2015 Steven Bonnell Decision-Making Case Study Analysis The healthcare industry is one of the largest industries in the country. As the healthcare industry continues to evolve, it continues to undergo many changes. Technology and medical advancements are two of the biggest changes that are consistent. The economy has its ups and downs and continues to change as well. As the economy changes, healthcare cost rises which can have an impact on many organizations. The many organizations either had to move, down sized, lay off staff or close. The Piedmont County Clinic has been struggling to stay in operation. Due to budget cuts the clinic has been affected tremendously. The Piedmont county clinic budget has been cut by 15%. The population that is mainly affected by the budget cuts are the Medicaid recipients. Medicaid recipients are affected in two ways, benefits are reduced and the services they receive at the clinic are reduced as well. The administration at Piedmont County Clinic are being forced to reduce or eliminate services that are provided to Medicaid recipients. In order for Piedmont County Clinic to continue to provide quality health care the administration has to address the budget cuts by either reducing or eliminating services that will unfortunately affect many Medicaid recipients. The Piedmont County Clinic has appointed a team of managers to plan and make decision...
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...Answer past year exams question on Ch2(Quiz 10 minutes) * If planning is important, why do some managers choose not do it? Submit a short presentation about planning barriers and the benefit of the planning.-Blended Learning:Students are request to share their planning that they have prepare to study in UiTM | 14/12/14-20/12/14 | Week 3 | Chapter 3 (The Nature Of Decision Making)-Students need to draw mind map for Chp 3on white board and do short review -Tutorial Activity: * Answer past year exams question on Ch3 (Quiz 10 minutes) * Form a group of 4 persons. Students need to discuss their expereince in making decisons . * Eg: To choose study at UiTM or other colleges, choose to purchase mobile phone or computers. * Analyze whether the decison made is according to desicion making process or not. * Identify whether the decison that they have made is good or bad?-Blended Learning:Students are request to share their group decision making that thay have...
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...In the book The Absolutley True Diary of a Part-Time Indian it’s very common on Junior’s reservation for people to give up on their dreams. But it seems like Junior is a exception to that trend. It seems like he will succeed and in the book you can see examples of qualities that Junior has that will correlate into success in his life. Some of the internal qualities Junior has that will help him in his road to success are he is true to himself, he is truthful, and he lives his dreams. Junior is a authentic kid he always is himself and he doesn’t lie to Rowdy when he makes the decison to leave the reservation to go to Reardan he tells him he is going when he easily could have avoided Rowdy from that point on but he is a truthful person so...
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...Jamie Hupfer 818 Shady Street Oak Tree Town, Florida 33808 10 February 2007 Date Irini Plantenberg Mr. Jake Greer Director of Customer Service for Liftoff Airways Title of recipient 44 Take Flight Way Soaring, Nebraska 27021 Dear u; I just got done reading this wonderful book and i just thought you should read it, If you liked Catcher In The Rye you will love great expectations by charles dickinson. Some of the similarities are that Great expectations is written in standard English with many colloquial and archaic words. As with catcher in the rye, written in American English and also has many colloquial words and is also written as if the main character is speaking (first person narrative) directly to you. Another similarity is that both are fictional autobiographies, narrated personally by the protagonists. Also Both novels are viewed as the protagonists revisiting their past experiences and passing them on to the reader. Some of the differences are the age difference between the two boys, Pip is 7-8 years of age while Holden is 15-16. Another big diffrenece is Great Expectations is a full life story, and you can tell by the very beginning, Pip starts by giving us a full background description of his self and his family, . Holden, on the other hand starts with the very quote " If you really want to hear about it, the first thing you'll probably want to know is where I was born and what my lousy childhood was like, and how my parents were occupied and all...
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...Organzitonal structure is very importnat when it comes to many organizations from day to day business. Withougt a organization structure there the company itself will not run properly, and the company may become in danger of staying open. Organizational structure will help mangers make decisons, based on the comopany needs. When the organzitonal plans are in affect using the organizonatl structure no matter how large or how small the company is the company itself will determine the structure. The company that I choose to discuss in this paper will be Best Buy. In this paper I will compare and contrast Best Buy to other compnaies structure, and also I will eveluate the company marketing, finance, human resources, and operations etc. I will also explain the company designs such as geographic, functional, customer-based, product, service, hybrid, matrix, marketing channels, and departmentalization. Best Buy Structure Best Buy was founded in 1966 by Richard M. Schulz and Gary Smoliak. The store itself started out being the name Audio Speciality store, and when the company itself expanded the company switched ober to Best Buy in 1983. Best Buy is multi business that has expanded throughout the entire world. Best Buy has designed to have maximzed the business by providing different business situations, for different individulas and different businesses. The indivudlas who help run the organizational structure are President, Vice Presidents, Board of Directors etc. Over 2000...
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