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There are significant differences between large and small organizations – this week we read about the decentralization that is typically present in large organizations. We were introduced to the Balanced Scorecard, which is used to help managers make better decisions with more current data.
The authors used the example of Hyatt Hotel chain, in which the employees at a specific site (Maui) are authorized to make the decision regarding a hotel guest’s checkout time.
Let’s discuss how this might play out…provide an example of how a late checkout would impact the organization’s goals.
What are the relevant data that contribute to this decision?
How does the Balanced Scorecard help with the decision-making process?
What is the ROI for this decision?
In your replies to your peers’ posts, use your critical thinking skills to determine if all pertinent points were covered. Ask for clarification if there were points that you did not understand. Finally, explain how the use of ROI alone can lead to bad decisions.
Describe in detail the factors and importance the external environment plays in the success of an organization?
Marclusajo owns a factory in which the relevant process produces chemical fumes which are known to produce chest infections.
Should we as a society be concerned about the power that the social media might acquire in the two-step flow of opinion?
Einstein once said, "Innovation is not the product of logical thought, although the result is tied to logical structure." Explain what Einstein meant in this statement. How does this statement affirm the innovative organization you researched for you..
Lukas Manufacturing is currently producing a tape holder that has a variable cost of $0.75 per unit and a selling price of $2.00 per unit.
A sample with size of 10 is randomly selected for inspection for a certain product. The historical record shows that the nonconforming rate of this product is 1%. What is the probability that zero unit of the product is identified as non-conforming p..
If there is evidence that a word used in a contract has a particular trade usage, courts will
In the early development of labor law were the courts more sympathetic to labor or to management/owners? Read “Early Judicial Tendencies” on p. 17 and discuss how injunctions and contempt powers were used by the courts. Which side typically benefitte..
Describes how and where reciprocal inhibition might be used to improve patient outcomes in quality and improve patient safety.
Sue got her very first good paying job after college and purchased a very expensive car on credit. A year later, Sue lost her job and was forced to take a lower paying job. During this time, she discovered that the car’s transmission was bad and a re..
Which of the following is true of the Civil Rights Act of 1964?
Which of the following could explain why a business might choose to operate as a corporation rather than as a sole proprietorship or a partnership?
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