The most important thing about being a manager is making decisions. Decision is defined in this chapter as a choice made from among available alternatives. Decision making is the process of identifying and choosing alternatives courses of action. Managers should make logical and optimal decisions based on the rational model of decision making. The classical model assumes managers should make their decision in four stages. Stage 1: Identifying the problem or opportunity. A problem is a difficulty
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Q1. How would you characterize the broader context surrounding the January 1986 teleconference? What impact might that have on the group’s decision making process? The Challenger Launch decision on January 28th 1986, proved to be one of the crucial decisions ever made as it lead to one of space science's most talked about disasters. The Challenger launch project was faced by a major financial constraint owing to the ongoing Vietnam War. Thiokol won the contract to build the SRBs since they asked
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Western Governors University Course: TJP1 TASK 1 What Makes a Good Manager? The purpose for the presentation is to inform the audience about my perspective on a good manger; and also the skills that employers may want in a manger. The audience for the presentation is any individual or company that is interested in a subordinate’s views of a good manager. The significance of the chosen topic is to shown several key management skills, which managers should strive to have. Presentation Outline I. What
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Social Psychology Psych/555 April 8, 2013 Dr. Anthony Social Psychology Human social behavior has been studied for the last 100 years, giving social scientists insight into the influence of thought on behavior. In this endeavor, scientists have also provided theories on the human need to obtain and maintain close attachments as well as the influence of human interaction. The development of social psychology as a discipline has provided insight into the precarious nature of human behavior
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Manage risk Every business faces risks that could present threats to its success. Risk is defined as the probability of an event and its consequences. Risk management is the practice of using processes, methods and tools for managing these risks. Risk management focuses on identifying what could go wrong, evaluating which risks should be dealt with and implementing strategies to deal with those risks. Businesses that have identified the risks will be better prepared and have a more cost-effective
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Week One Journal Objective You will outline and explain ethical theories and then apply that knowledge to how organizations would function were they to adopt those ethical principles. In addition, you will also examine punishments for corporations and present your own ideas about the relationship between ethical demands on business entities vs. those on individuals in society. Instructions In this assignment you will reflect on the topics of Week One and apply them to an analysis
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Study Guide Chapter 5: Planning and decision making: Benefits of Planning: * Intensified effort * Persistence * Direction * Creation of task strategies Pitfalls of planning * Impedes change and prevents or slows adaptations * Creates a false sense of certainty * Detachment of planners How to make a plan that works: 1. Setting goals a. S.M.A.R.T • Specific • Measurable • Attainable • Realistic • Timely 2. Developing Commitment to Goals • Goal
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Cognitive Dissonance Cognitive Dissonance Consistency, the absence of contradictions, has sometimes been called the hallmark of ethics. Ethics is supposed to provide an individual with a guide for moral living, and to do so it must be rational, and to be rational it must be free of contradictions. When consistency and ethics are compromised, this is known as cognitive dissonance. Leon Festinger shared his brilliance with the world when he created the Cognitive Dissonance theory
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Understanding Work Teams By Asim Khan Executive Summary The past fifteen years has seen a shift from traditional management to the development of self directed work teams. This shift is largely due to specific factors that include globalization, downsizing and technology. Work teams are designed to operate in such a way that the productivity of the whole is greater than the sum of its parts. A well-functioning team can bring out the best in its members through mutual support that increases morale
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Technology is relatively new in terms of its prevalence with children. As many parents are not as up-to-date with the latest gadgets, they tend to have little knowledge on the possible effects technology might bring. But technology, while useful, brings many negative effects to teens' lives. Parents who have technophile kids should be aware of the possible risks and dangers. Predators Informed parents know that the media blows the prevalence of online sexual predators out of proportion. However
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