How would someone who values friendship above all else make different decisions than someone who thinks work is the most important value? Question 10Select one: a. It would depend on the decision though work will most often take priority b. Most people will – and should - value both friendship and work equally. c. The person who values friends would prioritize them when schedule conflicts arose. d. The person who values work will very likely not have any friends or important relationships.
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How would someone who values friendship above all else make different decisions than someone who thinks work is the most important value?
Question 10Select one:
It would depend on the decision though work will most often take priority
Most people will – and should - value both friendship and work equally.
The person who values friends would prioritize them when
The person who values work will very likely not have any friends or important relationships.
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Solved in 4 steps
- Q1- “Too many managers today have forgotten that work should be inspiring and fun and are too out of touch with what makes people productive”. How would you respond to this assertion? Q2- What are the steps of effective decision making? Is there a difference between wrong decisions and bad decisions? Why do good managers sometimes make wrong decisions? Bad decisions? How can managers improve their decision making skills?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?C. Explain the quote: “How you make a decision is often determined by how you view your choices or how you frame the questions around it”, in relation to the question: How does your emotions affect your decisions.
- Instructions: 1. Identify at least a minimum of 5 personal STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS. 2. Then answer the following questions based on #1 answers: a. To what extent can this strength help to use the opportunity better? b. To what extent do you use this strength to fight this threat? c. To what extent do the weakness/weaknesses, hinder in making use of this opportunity/opportunities? d. To what extent do the weakness/weaknesses make this threat/s more threatening? Strength (S) Weakness (W) Opportunity (0) Does S help us to grasp O? Do W prevent us from grasping O? *Use this table in answering question number 2. Threat (T) Does S help us to defeat T? Do W prevent us from defeating T? 3. Then strategize on the most important O and T considering your S and W. Based on this develop your own strategic action plan (start this year 2023 and cumulatively overtime you must achieve competitive advantage by 2028 - 5 years from now) a. Provide at least 3-5 strategic action…Scenario -- Precision Electronics Precision Electronics are a family run company employing around 400 people. The company is rather informal in that there are no specific job descriptions for any employee, but there is a very formal hierarchy and it is expected that supervisors keep a close eye on their subordinates and see that they do the job “their” way. There are 4 directors of the company – all members of the same family; they undertake all the decisions, do not take advice from their senior management team (and certainly not from anyone below that level), and are known to run a very tight ship. Major suppliers to the company find that the directors are very business like but are impossible to build any rapport with. The Directors of the company are Operations - responsible for the manufacture and refurbishment of electronic components; Commercial – responsible for ensuring that purchasing is undertaken maximising quality and minimising prices paid; Financial; Sales and…Scenario -- Precision Electronics Precision Electronics are a family run company employing around 400 people. The company is rather informal in that there are no specific job descriptions for any employee, but there is a very formal hierarchy and it is expected that supervisors keep a close eye on their subordinates and see that they do the job “their” way. There are 4 directors of the company – all members of the same family; they undertake all the decisions, do not take advice from their senior management team (and certainly not from anyone below that level), and are known to run a very tight ship. Major suppliers to the company find that the directors are very business like but are impossible to build any rapport with. The Directors of the company are Operations - responsible for the manufacture and refurbishment of electronic components; Commercial – responsible for ensuring that purchasing is undertaken maximising quality and minimising prices paid; Financial; Sales and…
- Scenario -- Precision Electronics Precision Electronics are a family run company employing around 400 people.The company is rather informal in that there are no specific job descriptions for any employee, but there is a very formal hierarchy and it is expected that supervisors keep a close eye on their subordinates and see that they do the job“their”way. There are 4 directors of the company – all members of the same family; they undertake all the decisions,do not take advice from their senior management team(and certainly not from anyone below that level),and are known to run a very tight ship.Major suppliers to the company find that the directors are very business like but are impossible to build any rapport with. The Directors of the company are Operations - responsible for the manufacture and refurbishment of electronic components; Commercial – responsible for ensuring that purchasing is undertaken maximising quality and minimising prices paid; Financial; Sales and Marketing.…Scenario -- Precision Electronics Precision Electronics are a family run company employing around 400 people. The company is rather informal in that there are no specific job descriptions for any employee, but there is a very formal hierarchy and it is expected that supervisors keep a close eye on their subordinates and see that they do the job “their” way. There are 4 directors of the company – all members of the same family; they undertake all the decisions, do not take advice from their senior management team (and certainly not from anyone below that level), and are known to run a very tight ship. Major suppliers to the company find that the directors are very business like but are impossible to build any rapport with. The Directors of the company are Operations - responsible for the manufacture and refurbishment of electronic components; Commercial – responsible for ensuring that purchasing is undertaken maximising quality and minimising prices paid; Financial; Sales and…9. Which of the following roles Include a variety of Business Analysis Tasks? A. CEO/CIO B. QA Engineer C. Business System Analyst D.Computer Programmer 1. You are a catering coordinator with the Grand Hotel. Your clients Joe Borden and Patty Smith are being married tomorrow with the reception for 500 people at your hotel. The wedding cake has arrived and it is badly damaged. Your manager asks you to call Patty and notify her of the situation. When you call Patty, there is no answer and you need to leave her a voicemail message.
- Question 1: Planning & Decision-Making Write a short essay(250 words) on how managers can benefit from group decision making. Choose two benefits and illustrate their advantages with examples.1. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "One Examiner" is hired? 2. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "Two Examiners" are hired? 3. Using the Opportunity-Loss (aka minmax regret) strategy: What is the Maximum Regret if "Three Examiners" are hired? 4. If she uses the Opportunity-Loss (aka minmax regret) strategy, how many new examiners will she decide to hire?Short answers: Explain what is earnings management and how it related to decision making? earnings management : The planned timing of revenues, expenses, gains, and losses to smooth out bumps in earnings. how it reated to decision making: ?