Examining a poor decision

Assignment Help Business Management

Reference no: EM1377298

Assume you will be examining a poor decision that you have made in which the results of your decision making turned our poorly. If possible the decision you choose to analyze should represent a decision you have made on the job (a business decision).

You are preparing this analysis because your supervisor is concerned and wants to make sure that you learned from your mistake(s) so that the likelihood of the same mistake happening again is minimal. Describe the decision, the negative consequences of the decision, and its relative importance to you as the decision maker.

Your analysis should include the following:

Describe and outline your decision, how you framed your decision, the negative consequences of the decision, and the importance of this decision on YOU and on OTHERS (your organization).

Identify three decision theories, from our learning in Unit 2, that illustrate your decision making process. Be sure to explain HOW & WHY each theory was presenting your decision making process.

What does your analysis for parts 1 & 2 imply about how people make judgments and decisions?

How will your analysis of this decision help you to make better decisions in the future? Be as explicit and complete as possible to support your conclusions.

Reference no: EM1377298

Questions Cloud

Describe burger prince one of the largest hamburger chains : Burger Prince then ran advertisements saying which its pure beef burgers were better than Captain Hooks which used fillers. Which of the subsequent is true.

What is the effect on the cost of excellence to the customer : What is the effect on the cost of excellence to the customer? What would be the consequence on the cost of quality to the supplier?

The strategies and recommendations must be as specific : The strategies and recommendations must be as specific as possible and include the resources needed for implementation

What is the average value of a loyal consumer : When the value of a loyal consumer (VLC) market segment is high, should these consumers the given premium goods also services for premium price.

Examining a poor decision : Assume you will be examining a poor decision that you have made in which the results of your decision making turned our poorly.

Describe why this can be viewed as an instance of customized : Describe why this can be viewed as an instance of customized pricing. Even if all rebates were redeemed, why might manufacturers still need to offer rebates rather than decrease wholesale prices?

Llustrate what would be its impact on the project : llustrate what would be its impact on the project. Then, once you have identified also assessed the risk, illustrate what would you do in response to manage the risk.

Analyzing personal values : Personal Values Development analyzing personal values, ground rules or ethics development. Focus on the developmental aspect rather than on a particular rank on any issue.

If the amount of time that a clerk devotes with any custom : Smith's service will instigate as soon as one of the clerks is free. If the amount of time that a clerk devotes with any custom is exponentially distributed with mean

User Account

All Pages