Essays On Decision Making

Sensitivity Analysis This is a technique that shows how different variables affect the value of a particular variable. For example, it shows the affect on profit following a change in sales price and/or volume. Pros: Sensitivity analysis shows the sensitivity of economic payoffs to uncertain values such as discount rates. Management can see the profitability […]

June Jordan’s essay entitled, “Many Rivers to Cross” talks about racism and injustice in the voice of Jordan herself.   It demonstrates her personal experiences to emphasize the reality of oppression that were prevalently being experience by most black women. The essays also contain several narration of Jordan’s life story that highlighted several instances of […]

Investor behavior of behavioral finance concentrates on irrational behavior that can affect investment decision and market prices. It attempts to better understand and explain how emotions and cognitive errors influence investors and the decision-making process. In global financial markets the use of approaches based on perfect predictions, completely flexible prices, and the complete knowledge of […]

The purpose of this essay is to identify the strengths and weaknesses of group decision making which may perhaps lead to an improvement in organisational decision making. In order for an organisation to exist there must be a collection of people trying to achieve the same purpose. Several issues arise when a group comes together […]

Consumer Emotional Intelligence: Conceptualization, Measurement, and the Prediction of Consumer Decision Making This research details the development of the “Consumer Emotional Intelligence Scale” (CEIS) designed to measure individual differences in consumers’ ability to use emotional information. Scale development procedures confirmed the theoretical structure of the 18-item scale. Results supported the scale’s reliability and its discriminant […]

Synergistic decision making, or SDM, is a model of decision making consisting of two aspects: problem solving and interpersonal relations. One of the basic aspects of SDM is that group members need to delay their decision making until all ideas have been evaluated. Group members should not try to debate the merits of an idea […]

The term groupthink originated in 1952 in Fortune magazine by the author William Whyte. The theory, however, was not researched or clearly defined until around 1972 by Irving Janis. Whyte acknowledged that groupthink was a definition in progress; Janis picked up and further developed the study many years later. Groupthink is defined as a group’s […]

Ethical journalism requires conscientious decision making in context There is indeed a grain of truth in the above statement, journalism ethics does require careful decision making. However, it would have been ideal if conscientious decision could be applied to all contexts. Journalists can be said to be the moral agents of societies. They act as […]

Walgreens’ principal activity is to operate a chain of retail drugstores that sells prescription and nonprescription drugs. The company also carries additional product lines like general merchandise including cosmetics, food, beverages and photofinishing. Walgreens is one of the fastest growing retailers in the United States and led the chain drugstore industry in retail sales and […]

The Effective Executive – Peter F Drucker If you are ever stranded on that mythical deserted island, and can only have one management book, make this the book. Peter Drucker died on November 11, 2005 at the age of 95. His life and work spanned sixty years and he left behind a body of knowledge […]

Imagine that you are soaring through space, marveling in its’ beauty and glory. You realize man’s insignificance as you peer out the tiny porthole looking at the milky radiance as you cruise silently through the “phosphorescent sea”. You are pulled from your gaze by the sound of your onboard printer working away, and then reality […]

Individuals with in organizations have to make important decisions everyday, the choices they make greatly effects their outcomes. How individuals in organizations make decisions and the quality of their final choices are largely influenced by their perceptions. During this examination of the role of perception in the decision making process, we will be discussing the […]

Introduction Good Morning! Imagine that an Australian university student invites an international university student to a barbeque. The international student comes from a country whose culture is very different to Australia’s. Unsure of themselves, the international student asks what they should wear and what they should bring to the barbeque. In response the Australian who […]

The group has undertaken both a PESTLE and SOOT analysis for each location to help determine which have the best features in the surrounding areas and which area Will benefit most from a new hospital being built. The key features we have analyses to determine this is the education of those that are living in […]

“Stag produced the number one table tennis brand in India and was amongst the top five producers in the world”, “Stag had a close and reductive association with the professional players, the Kohl brother possessed firsthand knowledge of the sport and the nuances of its equipment”, “Both Rakes and Ivies were tech savvy and applied […]

After a new competitor from overseas entered Sonora’s furniture market and one of the largest retailer in the nation opened headquarter in Sonora, Guillermo’s Furniture store experienced serious business problems. As a result, Guillermo’s profit margins shrink, as prices fell and costs rose. (UOP, 2009) After conducting some research Guillermo came to the conclusion that […]

You will see that the Exhibit indicates a series of strategic staffing decisions: nine pertaining to staffing levels and four pertaining to staffing quality. Donald Penchiala, the Director of Staffing Services, is interested in your opinions about each of these decisions as each pertains to Tanglewood. Review the textbook material that discusses these thirteen decisions, […]

The mental process is the performance of some composite cognitive activity; an operation that affects mental contents; “the process of thinking”, the cognitive operation of remembering (Farlex, 2008). The mental mindset includes four styles of creative intelligence: Intuitive, Innovative, Imaginative and Inspirational. This paper will compare and contrast the four styles of creative intelligence and […]

That day, twenty- three climbers reached the summit. Five climbers, however, did not survive the descent. Two of these, Rob Hall and Scott Fischer, were extremely skilled team leaders with much experience on Everest. As the world’s mightiest mountain, Everest has never been a cakewalk: 148 people have lost their lives attempting to reach the […]

Effective decision-making is a major component in managing an organization, resources, and staff members. Managers make important decisions daily that affect the operations, quality, and success of their organization. Instituting evidence informed decision-making is a growing concept among health care organizations, but managers face several challenges including time pressures and lack of resources to determine […]

The rational decision making process constitutes the method of coming up with logical and sound decisions (Cook, Noyes & Masakowski 2007, p. 3). There are four general steps in the rational decision making process, which are the 1) identification and understanding of the problem, 2) determination and assessment of alternatives, 3) ranking and selection of […]

Blizzard Entertainment is a company owned by Activision any that deals in game development. The company began as Silicon & Synapse by Michael Morhaime, Allen Adham and Frank Pearce on February 8, 1991, a year after getting their bachelors degrees from UCLA. Blizzard became known for their game, Warcraft: Orcs & Humans. In July 2010, […]