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Discussion :
When making a decision it is human nature to make assumptions. Understanding the assumptions along with the consequences should those assumptions be incorrect is important.
A best practice when making a decision is to make a list of any assumptions that exist. Discuss a decision you have made in the past in your professional life that was based on assumptions that proved to be incorrect. What were the consequences and how did you handle the resulting situation?
There are many different decision making models available such as: the rational model; the seven step model; and the Carnegie model to name a few. What are the pros and cons of managers using decision making models?
Is the "heavyweight" project teams an approach that you would recommend to Lilly for commercialization of the Evista product? What additional recommendations would you make to Lilly management concerning the use of heavyweight teams going forward?
Crystal Auto Supply purchases water pumps from the distributor for $35.40 each. If Crystal adds a 120% markup based on cost, at what retail price should the pumps be sold?
What have you learned about cultures which will help you in conducting business?
How do people make a decision about how to vote? What kind of decisional biases might be relate to when people make a decision to vote or not to vote?
Suppose you are in the market for a new car to be used mainly for commuting to work, shopping, running errands, and visiting friends. What are your objectives in this situation? What are some different alternatives? Suppose you broaden the decision c..
Identify a company for which you wish to develop a strategic management plan. You may wish to conduct some preliminary research to help.
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation.
Derived demand is the term given to indicate that the demand for goods, services, and ideas in organizations is derived from consumer wants and needs. Which of the following example(s) represent derived demand? :
Should Employee Be Penalized for On-the-Job Injury? What is the rule on the use of a past practice? Does the contract language support the union position?
Describe the logic behind ‘customer profitability segmentation’ from the company point of view. Do you think this is an effective segmentation strategy? Explain.
Briefly explain how a company can achieve lower production costs and increase productivity by improving the quality of its products or services.
A retailer has one CSR to take phone orders. Assume that any number of incoming calls can be put on hold and nobody hangs up in frustration over a long wait.
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