OM1. 1. State and define the outputs of effective teams 2. Name and define at least four ways that teams employ to make decisions.
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OM1.
1. State and define the outputs of effective teams
2. Name and define at least four ways that teams employ to make decisions.
Step by step
Solved in 2 steps
- a) Define decision-making. Explain the ways in which decision-making effectiveness can be enhanced.1.2. not, why? Give an example of how an AIS can improve decision making, and describe the multi- step activities involved in the process.9 types of Quantitative Approaches to Decision-Making. Briefly discuss the feature for each type.
- Briefly explain the different types of decision making environments. Give any one suitable method used to takedecision under each of the above mentioned different environments.. Define decision making and discus the different types of decision.CASE: In one telecommunication company, the senior executives are experiencing conflict. Ten of the senior executives are from engineering background whereas four of them are from marketing The four senior executives are frustrated in their attempts to increase the budget for marketing and customer services instead of technology investment. They are blaming the other senior executives for being hard-headed. The conflict episodes are viewed by both sides as personal attacks rather than attempts to resolve the problem QUESTION: What type of conflict is presented in this case?
- In today's fast-paced business environment, decision making is a critical task for managers. Making the right decisions is vital to the success of a company, and it requires access to relevant information. Cari Pump (CP) Company manufactures water pumps. An important part of the pump is its electronic component (EC). Cari Pump collects data with the following cost information about the costs of making ECs in 2019 and the expected costs in 2020: Current Costs (2019) Expected Costs (2020) Fixed manufacturing cost Fixed manufacturing overhead costs that can be avoided if ECs are not made Fixed manufacturing overhead costs of plant depreciation, insurance, and administration that cannot be avoided even if ECs are not made Variable manufacturing costs Direct material cost per EC Direct manufacturing labor cost per EC Variable manufacturing cost per batch for setups, Materials handling, and quality control 360,000 850,000 $ 200 60 2,000 360,000 850,000 $ 190 55 1,800A) Effective decision-making results ineffective results, discuss decision making steps and provide examples. B) Discuss various ways available to maintain the high ethical standards of an organization?What are the barriers to analysis and decision making? 500 words
- Explain the steps of decision-making process using an example. What is the difference between rational decision making, bounded rationality and intuitive decision making?Decision-making happens at all levels of an organization. Explain the different types of decision-making at each level, with examples. How does this change with decentralized organizations? a) Draw a diagram to show the decision-making process a manager would take. b) Describe some of the most common decisions, making biases, with examples.Discuss the different roles played by the qualititative and quantitiative approaches to managrial decision making. Why it is important for a manager or decision maker to have a good understanding of both of these approaches to decision making?