Explain the rational approach to individual decision making

Assignment Help Microeconomics
Reference no: EM13894888

Questions 1 (Information Technology): Today, all the various computer-based systems have begun to merge into an overall IT system that add strategic value by enabling close coordination internally and externally.

(a) Explain IT applications for increasing internal coordination and efficiency

 (b) Explain IT application for strengthening coordination with external parties.

(c) Advanced IT is having a significant impact on organization design, and some experts suggest that it will eventually replace traditional hierarchy as a primary means of coordination and control. Explain

Questions 2 (Decision-Making Processes):

(a) Explain the Rational Approach to individual decision making. On the other hand, many organizational decisions involve several managers, while problem identification and problem solution involve many departments, multiple view-points, and other organizations, which are beyond the scope of an individual manager. There are four primary types of organizational decision models.

(b) Explain the management science model, Carnegie model, and incremental decision model.

(c) The Garbage Can Modeldeals with the pattern of multiple decisions. Compare this model with three other models in b.

Questions 3 (Conflict, Power, and Politics): Intergroup conflict requires three ingredients: group identification, observable group differences, and frustration.

(a) Explain organizational characteristics generating conflict as sources of intergroup conflict.

(b) When conflict is low, a manager can use the rational model of organization; when conflict is high, the political model describes the way organizations operate. Explain.

(c) Managers consciously apply a variety of techniques to overcome conflict between departments or groups in the organization. Introduce tactics for enhancing collaboration.

Questions 4 (General Application of Organization Theory): you are going to start a new small business with your own money of One Hundred Million US Dollars (US$100,000,000) in cash. How would you apply Organization Theories for your new business? You must include major external and internal factors considered in the System's Approach to Management with a full evaluation.

Question 5 (Theoretical Background): What are the differences and similarities of the application of organization theory between the U.S. Federal Government and the private corporations pursuing profits?

Reference no: EM13894888

Questions Cloud

What additional information would you like to have : What additional information would you like to have had in order to ensure that your decision was the right one?
What role did the church play in the daily lives : What role did the church play in the daily lives of the medieval public andWhere these characters truly concerned about religion above all else during the spiritual pilgrimage described
What the quality of their previous work : Unfortunately the peer-review process involves knowing who the scientist is, what the quality of their previous work is etc. Just hiding the names, probably isn't good enough anyway
Show how organizations strive to obtain a best fit : Show how organizations strive to obtain a "best fit" within their business environment, as they match structure to strategy and organization size
Explain the rational approach to individual decision making : What are the differences and similarities of the application of organization theory between the U.S. Federal Government and the private corporations pursuing profits?
In what way does specialization reduce the problem : 1.In what way does specialization reduce the problem of scarcity?
Summarize thls competitive strengths for the new operation : Summarize THL's competitive strengths for this new operation. Summarize THL's competitive vulnerabilities for this new operation. Describe how its reservation system adds value to this new operation.
Brief historical summary on sox enactment : Brief historical summary on SOX enactment The key ethical components of the SOX Social responsibility implications regarding mandatory publication of corporate ethics
What was there about our society or about einstein : Other scientists have achieved household name status (Darwin, Freud) but none of them approach his reputation for genius. What was there about our society or about Einstein that elevated him to such a prominent cultural position

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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