‘Given the potential problems associated with group decision making‚ organisations should rely on individual decision making whenever possible’. How far do you agree/disagree with this statement? From the days when working conditions were under the strict rules of Taylorism‚ workers these days are required to be equipped with various soft skills and not to forget‚ the important value of teamwork. Organisations present-day depend heavily on teamwork. Questions such as “what strengths can you bring
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define the term control in the context of an organization. Give examples and lucid explanation of the various types of control that can be used by a Manager. Why is the control function so very important to the effectiveness and efficiency of an organization? According to Robbins & Coulter‚ “control refers to the process of monitoring‚ comparing and correcting work performances.” The control process is a three step process of measuring actual performance‚ comparing actual performance against a standard
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Topic: Some people make decisions quickly. Others arrive at decisions only after long‚ careful thought. Which type of decision do you most often make? Use specific details and examples to support your answer. There is an European proverb says “Each person’s life is a series of decisions”‚ which means that our decisions will have big effects on our life‚ including good ones and bad ones. To decide truly and then make my life better‚ I often arrive at decisions only after long‚ careful thought
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to make decisions. Most managers or executives have to engage in some aspect of decision making including coming up with ideas‚ evaluative alternatives‚ or implementing directives (Brousseau et al.‚ 2006). However‚ it could be a critical issue for decision makers to build up proper decisions in various situations. Hence‚ how to adopt suitable technique in decision making processes is a significant text for them. This essay firstly is going to discuss the benefits of automated decision making due to
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“Rational decision-making is an impossible ideal in strategy formulation and implementation due to incomplete information and organisational politics.” Strategy is formulated and implemented by organisations as a means of gaining competitive advantage and achieving organisational success. Frequent fast‚ widely supported‚ and high quality strategic decisions are the cornerstone of effective strategy (Eisenhardt‚ 1999 in Clegg et. Al‚ 2012). In today’s world of borderless business‚ ever-evolving
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Introduction The management and organizational approaches that are used by various firms play a critical role in their performance. The adopted management approach is important due to the fact that it determines the efficiency with which activities are performed. The organizational structure of the firm on the other hand determines the delegation and application of authority. The organizational structure is developed by the management. The structure facilitates effective interaction among employees
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Brief Consumer Behavior and Holiday ***** 1. Identify and discuss how holiday decision-making‚ as described in the case‚ is different from the traditional problem-solving model of consumer decision-making. In view traditional decision-making‚ the consumers have been portrayed as ration and risk averse. They often spend much time to research information to solve their problem and have process to decision-making. The research has indicated that decision-making typically entails five steps: Need recognition
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Decision-Making Process Paper Jamie Thomas MGT/230 December 10‚ 2012 Decision-Making Process Paper A decision is a choice between two or more alternatives; if there is only one alternative there is no need to make a decision. The decision-making process has six stages. The stages of decision-making process consist of the following: 1. Identifying and diagnosing the problem 2. Generating alternative solutions 3. Evaluating alternative solutions 4. Making the choice 5
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eurojournalsn.com Budget and Budgetary Control for Improved Performance: A Consideration for Selected Food and Beverages Companies in Nigeria Ishola Rufus Akintoye Room 116‚ Department of Economics‚ Faculty of the Social Sciences University of Ibadan‚ Oyo State‚ Nigeria‚ West Africa Tel: 234-8035369293‚ 8082130269 E-mail: irakintoye@yahoo.com Abstract Budget and Budgetary control‚ both at management and operational level looks at the future and lays down what has to be achieved. Control checks whether or not
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business-related decisions. However‚ the making of such decisions in the real world is often unstructured. The term ‘rational decision making’ epitomises the confusion and widely varying interpretations surrounding this phenomenon. A process-oriented approach may‚ therefore‚ seem different from traditional ways of arriving at a choice. Nevertheless‚ the benefits of adopting such an approach are significant‚ and its use seems certain to improve managerial decision making in organisations. The purpose
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