What are assumptions in realm of decision making

Assignment Help Accounting Basics

Reference no: EM132599123

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.

Your memo should address the following questions:

Question 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?

Question 2: In the realm of decision making, what are assumptions? 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.

Reference no: EM132599123

Questions Cloud

Examine the components of effective training needs analysis : Examine the components of an effective training needs analysis for this scenario. What would the basic parts for a successful training program be?

Integrating multiple networks : How can your business install a network so all the locations can work, communicate, and share information easily, instantaneously, and effectively?

Explain the three components of a needs assessment : Who should be included in a needs assessment, and why? Explain the three components of needs assessment. Identify some causes, and pick one to explain in detail

Challenges are present in digital era : Reflect on the various challenges are present in the digital era. Will things get better or more complicated as times goes on? Explain.

What are assumptions in realm of decision making : In realm of decision making, what are assumptions? Rather than use a dictionary definition, cite several specific assumptions that would go with any real-life

How to pick one important product and explain why : How to pick one important product and explain why and how it is important for management to understand cost-volume-profit relationships.

Major components of data warehouse architecture : Explain the major components of a data warehouse architecture, including the various forms of data transformations needed to prepare data for a data warehouse.

Green computing : The need for green computing is becoming more obvious considering the amount of power needed to drive our computers, servers, routers, switches,

Describe the importance of each of the interpersonal skills : Describe how the decisions managers make differ based on the level of the position such as supervisor, mid-level manager and senior manager.

User Account

All Pages