Reference no: EM1364169
Business Decisions and Assumptions
Can you help me with the following tasks? Part A concerns writing a memo and Part B concerns business decisions and their assumptions.
PART A: You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overall company can and will have far greater impact on the company and its employees.
Your boss, the chief executive officer (CEO), realizes that you do not have much practice in this higher level, decision-making process and has asked you to write a memo describing your understanding of how to make important decisions.
Can you help me with a memo that address the following:
1. Describe at least 3 criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision?
2. In the realm of decision-making, what are assumptions?
3. Rather than use a dictionary definition, cite several specific assumptions that would go with any real-life decision you have made or have seen made at a company at which you have worked.
4. Given the importance of proper assumptions, your boss asked you to assess the accuracy of certain business assumptions and what could you do to test or confirm the credibility of them. The following were major assumptions for each firm: i) an automobile manufacturer's assumption that the demand for SUVs would continue because gas prices would continue to rise, and ii) an airline's assumption that there was a need for an airline that provided no added amenities.
PART B: As a recently promoted manager, you are learning about the importance of basing important decisions on good assumptions; you thought you would practice by thinking through some major decisions that have been made and what the assumptions that the decisions were based upon must have been. Research and find two situations in which decisions were made. For each situation, describe the likely assumptions that were made prior to each decision. Do you feel the decision was a good one? Why or why not?
|
Explain client-server architecture
: When people describe client-server architecture, they are usually referring to a system in which a large server is serving a client on a PC. With X Window, the reverse is frequently the case. Explain
|
|
Primary vs secondary data in hospitality research
: Compare and contrast primary and secondary research in hospitality and provide examples and explanations of each in your response.
|
|
Estimating price of the stock
: EZee Corporation' common stock dividend is expected to grow at 5 percent for the next 2 years and then at 0% indefinitely. If the current dividend is $4 and the required return is 14%,
|
|
Prosecution of crimes
: Do you feel that prosecution of crimes (i.e, criminal law) should be placed solely in the hands of the government or would it be better served to reside in the private sector? Why or why not?
|
|
Show business decisions and assumptions
: Describe at least three criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision?
|
|
Explain who is the target audience
: Explain Who is the target audience and Explain the key benefits for the target audience
|
|
Find the electric field strength from the wire
: Find the electric field strength from the wire. How long is each spring when hanging as shown.
|
|
Measuring safety performance
: Investigate how your current organization, or an organization with which you are familiar, measures safety performance.
|
|
Discuss the relative risk
: One task of a financial manager is to do research on the main competition to the firm you work for. Do some research using Yahoo Finance and other search engines on these two competitors,
|