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 […]

Behavioral finance focuses on the irrational behavior of investors and its impact on investment decisions and market prices. The objective is to understand how emotions and cognitive errors influence the decision-making process of investors. In today’s global financial market, relying on approaches that assume perfect predictions, flexible prices, and complete knowledge of other players’ decisions […]

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 […]

If you were ever stuck on a deserted island and only allowed to have one management book, The Effective Executive by Peter F Drucker would be the ideal choice. Sadly, Peter Drucker passed away on November 11, 2005 at the age of 95. Peter Drucker’s work and life spanned six decades, during which he developed […]

As you travel through the vast expanse of space, admiring its magnificent beauty, you come to the realization of humanity’s smallness. Gazing through the small window, you behold the splendor of the Milky Way, sailing quietly through the glowing cosmos. As you gaze off, you’re abruptly interrupted by the sound of your onboard printer churning […]

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 performed both PESTLE and SWOT analyses on each location to determine which has the most favorable surrounding features and would benefit most from a new hospital. Factors analyzed included the education level and skills of residents, land condition, transportation links, potential customer accessibility, and any potential hindrances to construction. Site B was ultimately […]

“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 cognitive process involves a complex mental activity that impacts one’s mental content. This includes the cognitive operation of thinking and remembering. Four styles of creative intelligence – Intuitive, Innovative, Imaginative, and Inspirational – make up the framework of the mental mindset. In this paper, we will compare and contrast these four styles and examine […]

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 […]

Cook, Noyes & Masakowski (2007) define the rational decision making process as the approach to generating sensible and reasonable decisions. According to Bazerman (2005, p. 4), the rational decision making process involves four main steps: identifying and comprehending the problem, evaluating and choosing alternatives, prioritizing and selecting potential solutions, and finally implementing and evaluating outcomes. […]

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, […]