Disadvantages of individual decision making

Assignment Help Operation Management
Reference no: EM131746975

You are a salesperson for Jiffy Office Supplies. You and three other people (your team) just sealed a deal with the company’s major client, Acme Printing. The new agreement would bring Acme’s total sales for Jiffy to $20,000 per week.

It is 6:30 pm on Friday evening and your phone rings. The caller, John Bly, is the Purchasing Agent for Acme. It seems that a recent deal on Jiffy’s end has tripled its need for spiral bound tablets. This deal would raise the sales for Jiffy to $30,000 per week. You are excited but there are two facts that nag at you. First, Acme has a credit limit with the company of $1,000,000 and second, this sale would constitute more than one-third of Jiffy’s sales. Worse yet, Bly intimated that if Jiffy did not agree to the addition he would look elsewhere to fill the need.

In the competitive world of office supplies, failing to produce on a small point could lose the whole contract. You are empowered to make this decision, but not sure of the best way to go - accept the offer of the additional sales at this time to avoid Bly looking at a competitor, or put him off until Monday so that you can get together with your team and make the decision as a group?

“Are Groups Better and More Capable of Making Critical Decisions than Individuals?”

In the presentation, include:

The advantages and disadvantages of individual decision making.

The advantages and disadvantages of group decision making.

Give a clear choice of either individual or group decision making in the answer to the question.

Explain how you arrived at your decision using the facts and the assigned reading below or in class material as support.

Explain why the option not chosen was eliminated.

Reference no: EM131746975

Questions Cloud

Risk of physical harm to subjects : What's wrong? Explain what is wrong in each of the following scenarios.
The vytorin controversy : Vytorin is a combination pill designed to lower cholesterol. It consists of a relatively inexpensive and widely used drug, Zocor
Airbnb and the unstoppable rise of the share economy : Read the article: “Airbnb and the Unstoppable Rise of the Share Economy (Links to an external site.)Links to an external site.”
Facebook and academic performance : First Monday is a peer-reviewed journal on the Internet. They published articles concerning Facebook and academic performance.
Disadvantages of individual decision making : The advantages and disadvantages of individual decision making. The advantages and disadvantages of group decision making.
Describe the pattern in the means : Do we experience emotions differently? Do people from different cultures experience emotions differently? One study designed to examine this question collected.
Informed consent to take blood samples : Researchers from Yale, working with medical teams in Tanzania, wanted to know how common infection with the AIDS virus is among pregnant women
What are assignments and delegation of contracts : What are assignments and delegation of contracts and what rights and obligations do they confer? Discuss in your own words and provide an example of each.
Prepare a flexible budget for that level of activity : PREPARE A FLEXIBLE BUDGET: During May, the company's activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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