Information? iv. Data-raw facts & observations v. Information-data made useful & meaningful for decision making 1. Timely-the information is available when needed; meets deadlines for decision making & action 2. High quality-the information is accurate, & it is reliable; it can be used with confidence 3. Complete-the information is complete & sufficient for the task at hand; it is as current & up to date as possible
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circumstances. They also outline the various perspectives, thoughts and actions of the different managers in the case. We use these case studies in the classroom as a vehicle for practicing and fine-tuning your own managerial skills of problem analysis, decision making and solution development and implementation. Case studies provide a vehicle through which you can apply thetheoretical ideas, theories and concepts from the course material (in conjunction with your ideas and perspectives) to realistic
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1. Relevant Facts: * Ed Giles (35) is a Partner Accountant at Saduga & Mihca, a medium sized accounting firm. * Susan Regas (25) is a senior accountant at the same accounting firm as Giles. * Giles and Regas have been dating for the past four months despite the firm’s policy, which prohibits employees in different ranks to date. * The policy states that if such a relationship will lead to marriage, one of the ?? * The above couple has not declared their romantic relationship
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Ethical issues: The main ethical issues in this case is that researches at Johns Hopkins Hospital used Henrietta’s cell in multiple researches and send her cells to other researchers around the world without her family’s consent. Moreover, the Lackes themselves were used in medical research without informed consent, and Henrietta’s medical records were release to journalists without her family knowing. These are issues because the cells of Henrietta lack were used to create “immortal” cells that
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making choices among alternatives with the intention of moving toward some desired state of affairs. Rational choice paradigm of decision making: the view in decision making that people should and typically do, use logic and all available information to choose the alternative with the highest value. Decision making involves identifying, selecting and applying the best possible alternative. The best decision use pure logic and all available information to choose the alternative with the highest value
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decisions typically involve issues like these: * Uncertainty - Many facts may not be known. * Complexity - You have to consider many interrelated factors. * High-risk consequences - The impact of the decision may be significant. * Alternatives - Each has its own set of uncertainties and consequences. * Interpersonal issues - It can be difficult to predict how other people will react. With these difficulties in mind, the best way to make a complex decision is to use an effective
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Forecasting: Management function begins with forecasting. It is the scientific process of looking forward which is based on past performance, current analysis and future trends. Planning is based on forecasting. Every company undertakes the process of forecasting, either on its own or takes note of general economic forecasts made by various competent authorities. Some companies also have consultants for this purpose. Confederation of Indian Industries (CII), Centre for Monitoring Indian Economy
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1 Your Name Course Title Professor’s Name 14 March 2008 Dell Corporation Introduction Dell Corporation is one of the leading computer companies in the world operating on the global scale since 1990s. Dell relies on innovative technologies and new solutions which help the company to reach global consumers and market high quality products in different categories. International expansion helps Dell to obtain strong market position and sustain strong growth. A current strategy of Dell
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pinpoint where in the process a problem lies. Decisions could be made with certainty of their impact. IV. Alternative Courses of Action 1. Adapt a new information system that will address the needs of Coors Ceramics in terms of: a. increasing customer’s satisfaction b. reducing lead time c. reducing operating costs Among the perceived advantages of this course of action are the following: a. The new information system will add value to the organization and will give it a
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weaknesses. Evaluate the view include Bentham and Mill. Utilitarianism can be defined in several ways; the definition is effectively that an action is deemed morally correct if it produces more happiness of all affected by it than any other alternative and wrong if it does not. Utilitarianism provides a clear method for deciding on a course of action that disregards personal confusion. Bentham and Mill both argue different ways in which Utilitarianism can be applied in order to bring about happiness
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