Approaches to decision making paper

Assignment Help Finance Basics
Reference no: EM13771238

Assignment: Approaches to Decision Making Paper

Choose one of the following scenarios:

  • Scenario 1: Budgetary concerns are an issue across all industries, including health care. A health care organization notices increasing costs in staffing and overhead, such as capital and supplies. The health care organization must determine how to reduce costs while not compromising patient care and safety.
  • Scenario 2: A group of nursing home administrators, which includes an infection control officer, has noticed increasing rates of infection at the nursing home. Infection rates must be kept as low as possible. High infection rates can result in serious complications for patients. A nursing home that continues to have high infection rates is at risk for fines. The nursing home administrators are meeting to discuss possible ways to reduce infection at their facility.

Write a 500- to 700-word paper that describes decision making in the workplace. Remember that you are not making the decision for these scenarios.

Include the following in your paper:

  • Describe two decision-making approaches managers can use to make the decision for the scenario you selected.
  • Explain why this decision is better made by a group rather than by an individual. Discuss the advantages and disadvantages of the group decision-making process for this scenario.

Format your paper consistent with APA guidelines.

Reference no: EM13771238

Questions Cloud

Continual improvement relate to global competitiveness : How does the concept of continual improvement relate to global competitiveness? How can safety and health improve competitiveness in the occupational safety and health industry? Explain your answer.
Provide one example or name of a murderer : Serial, mass, sensational, and spree murders add to the complexity of murder investigations. In this Case Study, you will choose one type of murder (listed below), and provide one example/name of a murderer that falls into this category
Explain the origins of greek mythology : Explain The origins of Greek mythology. Discuss how these myths influence society today, and what do they teach us about history.
What are two pros and two cons of the trade barriers used : Identify trade policies from 1980 to 1989 and discuss the following points: What are the main goods and services the United States traded internationally? What trade barriers were in place during that decade? What are two pros and two cons of the tra..
Approaches to decision making paper : Scenario 1: Budgetary concerns are an issue across all industries, including health care. A health care organization notices increasing costs in staffing and overhead, such as capital and supplies. The health care organization must determine how t..
Consider a market containing four identical firms : The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are identical and given by C(qi)= 20qi (i= 1,2,3), where qi is the output of firm i.
Body of law that governs safety and health litigation : Explain the body of law that governs safety and health litigation. What are the legal terms that are included in summarizing the legal principles as related to safety and health? Explain in detail.
What would you done as attorney general of united states : Is this just too political to be allowed? Review the 1890 Sherman Act and the Microsoft Case in your text. Under the guidance of the 1890 Sherman Antitrust Act, what would you have done as Attorney General of the United States
Types of cost reduction strategies : As a safety and health manager, what types of cost reduction strategies would you implement in order to minimize your companies workers' compensation costs? Provide two examples of general strategies and two examples of specific strategies. Explai..

Reviews

Write a Review

Finance Basics Questions & Answers

  What constitutes significant influence when an investors

what constitutes significant influence when an investors financial interest is below the 50

  How would the simulation change at the end of the day on

How would the simulation change at the end of the day on February 5? What variables and/or processes in the analysis may change? What variables and/or processes will not change?

  If the firm has 4 million per day in collections and 3

beths society clothiers inc. has collection centers across the country to speed up collections. the company also makes

  Merger case study-general electric

For this SLP, think about your SLP company and the possibility of it merging with another company. Write down a two to three page paper answering the following questions:

  A consulting firm produces a service that requires the use

a consulting firm produces a service that requires the use of labor and materials. each unit of service requires a

  Learning team case

A firm has five identified capital projects they could fund in the upcoming year. Each project has a initial capital cost of $5,000,000, however the firm only has $15,000,000 allocated for capital projects in the current year. The company needs to..

  It ended the year with155000 of retained earnings versus

during 2008 bascombakery paid out 33525 of common dividends. it ended the year with155000 of retained earnings versus

  Compute the gain or loss to mann on the settlement of the

mann inc. which owes doran co. 600000 in notes payable with accrued interest of 54000 is in financial difficulty. to

  How should the examinations be priced

If the goal of the practice is to earn a 20% profit margin on each examination, how should the examinations be priced?

  Success rate of corporate combinations

Conduct Internet research on success rate of corporate combinations over the past 20 years. Describe your findings.

  By how much does the required return on the riskier stock

Stock R has a beta of 1.5, Stock S has a beta of 0.75, the expected rate of return on an adverage stock is 15 percent, and the risk-free rate of return is 9 percent.

  Oconnell amp co expects its ebit to be 74000 every year

oconnell amp co. expects its ebit to be 74000 every year forever. the firm can borrow at 7 percent. oconnell currently

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd