Preview

How to Select Who Should Go Abroad on Extended Loan

Satisfactory Essays
Open Document
Open Document
314 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How to Select Who Should Go Abroad on Extended Loan
How should you select who should go abroad on extended loan?

get better grades

12 engineers. Their formal training and work experience are very similar, so you move them around on different projects. Yesterday, your manager informed you that an overseas affiliate has requested four engineers to go abroad on extended loan for six to eight months. For a number of reasons, he argued and you agreed, this request should be met from your group. All your engineers are capable of handling this assignment; from the standpoint of present and future projects, there is no special reason any one engineer should be retained over any other. Somewhat complicating the situation is the fact that the overseas assignment is generally undesirable location. (Ghillyer, 2008)

How would you select who should go abroad on ex-tended loan?
A way to answer this question requires knowledge. Knowing the meaning of an extended loan helps determine the choice of the subject to be selected to this assignment. An extended loan is a method of semi-permanently giving something away to...

To properly time a decision, the need for a decision must be recognized. That is not always easy. The manager may simply may not be aware of what is going on, or the problem requiring a decision may be camouflaged. The manager who makes quick decisions runs the risk of making bad decisions. Failure to gather and evaluate available data, consider people’s feeling and anticipate the impact of the decision can result in a quick but poor decisions . knowing when to make a decision is complicated because different decisions have different time frames. Accepting the responsibility and challenge of decision making is critical to overall effectiveness. A manager should investigates thoroughly to make sure that all parts of the problem are fully understood and that all facts and ideas relevant to the problem have been

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Fin370 Week Definitions

    • 487 Words
    • 2 Pages

    * A long-term (10 years or more) note by the borrower, promising to pay the owner of the security a certain amount of interest each year the loan is in affect.…

    • 487 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Financial Term Worksheet

    • 495 Words
    • 2 Pages

    Decision-making is when a manager utilize all the resources available to make an educated decision in the best…

    • 495 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Cmi 5002

    • 3289 Words
    • 14 Pages

    Decision making can take time for some decisions to be made, others will take no time at all as we make them every day, unknown to us, every minute of every day we are making management decisions without knowing it.…

    • 3289 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Decision making in its simplest sense, is the act of choosing between two or more courses of action. It contains identifying a problem or opportunity, looking for other ways to deal with the situation and guaranteeing that the selected choice is implemented and fulfills the intended objectives. Decision making at Horvath Foods Limited’s was done only by Bob, which makes the implementation of strategic decisions more quickly. From the VP level down, decisions were made to implement and support the strategies by the owner. And in comparison to other companies, similar decisions could take months or even years. Snap judgments and decisions are effective. A very good example is the success story of the Horvath’s Foods Ltd. On the other hand, there is also risk – since decision making is often an imperfect process that may require new decisions to compensate for prior decisions. .…

    • 273 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    It is easy to make sound and timely decisions when operating under “normal” conditions. However, if leaders become overwhelmed and make hasty decisions when the pressure is on, are viewed as unreliable and can lose the confidence of both their subordinates and supervisors. It is imperative for leaders to be able to process vast amounts of information quickly and make decisions that are in keeping with the organizations strategic goals.…

    • 1729 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Mgt/230 Week 1

    • 471 Words
    • 2 Pages

    Decision-making can be a complex task to do. Some decision cannot be made within a few second. Therefore, to avoid conflict, some decision must be throughout. Such as what the decision is, who will be involved and how would the decision affect them. Also, alternatives should be considered. Implementation of and commitment to the decision is paramount.…

    • 471 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The decision making process occurs daily throughout a person’s life without much forethought. Major decisions need a much more methodical approach to ensure that a problem or issue is addressed critically to achieve the best results while minimizing risk. To ensure that all aspects of the decision making process are addressed, the six stages of decision should be used which are identifying and diagnosing the problem, generating alternative solutions, evaluating alternatives, making the choice, implementing the decision, and evaluating the decision (Bateman, 2011). When all of these steps are applied correctly, the chances of obtaining favorable results are greatly increased.…

    • 391 Words
    • 2 Pages
    Good Essays
  • Good Essays

    A general decision making criterion involves several factors. What this journal focuses on is the influence of others’ decisions on one’s own, namely, the act of “looking up and looking around”. In any given situation it is human nature to first “look up”- that is, see what a more knowledgeable person (such as the boss) is doing, and then take a decision as to how one would act. The second option is to “look around”- that is, see what one’s colleagues and peer are doing and follow suit. The author also writes on how “decision-making paralysis” hits everyone from middle range managers to even the top managers and CEO. When presented with a problem, the mind goes blank and the person the question is directed to is stuck in a rut. Either they don’t know how to solve the problem and are looking for someone else to take the burden; or they are apprehensive to make any decisions because they might fail. Many managers suffer severe anxiety that their incapability might be found out. That’s why senior managers are more preferred as they have a greater hold over making a decision based on their gut instinct. Decision-making is not only the manager’s headache, it also depends on the structure and progress of an organization. Many managers are pushed to make decisions within a short time, and that too decisions based on information passed on from the junior levels. On several occasions the information may not be particularly correct and that would result in a decision made on unreal situations. A manager’s worst dream: a wrong decision. Many a times, there is that one person in the organization who has to take the blame and walk away. This happens regularly in corporate mishaps. In order to be successful in an organization, the author claims that one has to have quick thinking abilities and to move forward fast.…

    • 465 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    A Programmed

    • 418 Words
    • 2 Pages

    | Time management helps you manage your time well so that you can finish your work properly. The certain things that help you to do your task in time called motivation. Delegation is one of the most important management skills. Effective delegation helps the staff members to finish their work which base on their skills. Effective delegation also allows the staff members to improve their knowledge and ability in a work place. Programmed decision helps staff members to resolve and allow them to make decision for their tasks. Delegation and programmed decision are similar in somehow. Non programmed decisions happen in a situation that is hard to make a decision. Usually staff members don’t make these decisions; this kind of decisions will be made by someone with more skill and knowledge. Incomplete task which is need a management decision is knows as uncertain. The degree of risk is based on the conclusion of a management decision. Risk can divide into two types: positive and negative. As we know that every decision that we made will affect the outcome; therefore, every decision has risk. Conflict involves every time we make decisions. Scope of decisions related to all delegation, uncertainly, risk, and conflict. The staff members need to make a decision slowly…

    • 418 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Amygdala

    • 1048 Words
    • 5 Pages

    It is very important to make decisions the right decisions quickly, and this usually requires critical thinking on the part of the decision maker (Abelson and Levi 1998; Carroll and Johnson 1990). Decisions can be very simple (deciding what you are going to eat for lunch today) or very complex (deciding where and how to build your house). Thus, how much time a person ends up making a decision depends on the complexity of the situation and the nature of the decision. For managers in an organization, some decisions can be very critical for the firm. It is important that managers take responsibility for their actions and learn to make the right decisions in the appropriate amount of time. Taking a long time to make a simple decision and making a complex decision quickly can both have drastic effects on the organization. This is…

    • 1048 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    A manager would prefer taking decisions that are based on well-formulated and generally agreed upon strategies rather than evaluating all the possible solutions to the problem in hand and then taking a well reasoned decision. In contrast, managers are highly uncomfortable when faced with situations in which there are no specific procedures. Managers vouch for their own safety, safety in terms of reputation and therefore tend to look around and see what others opinions are, the perspective of their superiors. In situations where their reputation is at stake, or huge sums of money involved, or even the company’s goodwill is at stake managers tend to hesitate and wait for an opinion not due to lack of experience but due to fear of failure.…

    • 2448 Words
    • 10 Pages
    Better Essays
  • Good Essays

    Mgt/230 Week 1 Assignment

    • 826 Words
    • 4 Pages

    People should make decisions every day, some of those decisions are easy to make, while others are quite difficult to implement. An appropriately combined and organized decision-making process will help to control this issue and bring a positive outcome for those involved. The decision-making process may become challenging for people due to “the lack of structure and entail risk, uncertainly and conflict” (Bateman and Snell, 2012, p. 86). That is why people trying to make important personal or professional decisions should have an appropriate model to follow in order to avoid these challenges. Bateman and Snell identified six steps or stages of decision-making process which may be attached to any problem or decision. First, it is necessary to identify and analyze the problem.…

    • 826 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The decision-making process could break down into two separate stages-analysis and timing. Because of the high…

    • 3465 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Good decision making is an essential skill for career success generally, and effective leadership particularly. If you can learn to make timely and well-considered decisions, then you can often lead your team to spectacular and well deserved success. However, if you make poor decisions your organization can tumble. Regardless of the size of business you are in whether a large corporation, a small company, or even a home based business effective communication skills are essential for success especially when a decision has to be made. Decision making in management is an important skill and making the right decisions is essential. Every manager should be looking to improve their decision making skills and communication skills. The process of business decision making is of the utmost importance for effective management. Decision making process in management must be informed by expert knowledge and experience in all departments. “The decision-making role in organizations is crucial. If things are going smoothly, there is not much for management to do, but if things go wrong or new opportunities arise, somebody has to decide on hiring and firing workers, investing in new machines or scrapping old ones, marketing new products and dropping old ones, and how to raise the necessary finance.” (Fong, Kwok, 2005) The role of management is to take these decisions, communicate with all the departments in the organization that are involved, and make the right decision. The people who do the managing, this may involve a members of the organizations at different ranks, with subordinates, branch, or assistant managers exercising limited caution, and the managing director as the overall boss of an organization, laying down general outline of policy, all of the people can help to carry out the decisions. They all need to communicate and bring out their point of views before making a decision.…

    • 640 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Subconscious Bias

    • 671 Words
    • 3 Pages

    Decisions often take a backseat when organizations have to deal with urgent situations affecting business. People usually try to find something positive and then work towards improving the process. People involved in the process find it difficult to change.…

    • 671 Words
    • 3 Pages
    Good Essays