TACTICAL AND STRATEGIC DECISIONS Investment decisions may be tactical or strategic. A tactical investment decision generally involves a relatively small amount of funds and does not constitute a major departure from what the firm has been doing in the past. The consideration of a new machine tool by a motor manufacturing company is a tactical decision‚ as is a buy-or-lease decision made by an oil company. Strategic investment decisions involve large sums of money and may also result in a major
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‘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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Philosophy Essay - The Problem of Evil Part A - Compare and contrast the theodicies of Augustine and Irenaeus Both Augustine and Irenaeus attempt to explain the existence of evil in their theodicies‚ though have different explanations for its existence. Theodicies put forward the argument that God has a reason for allowing the existence of evil separated into moral evil (for example‚ the holocaust) and natural evil (Haiti earthquake). Theodicies attempt to rationalise evil whilst retaining
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Much of what managers and supervisors do is solve problems and make decisions. New managers and supervisors‚ in particular‚ often make solve problems and decisions by reacting to them. They are "under the gun"‚ stressed and very short for time. Consequently‚ when they encounter a new problem or decision they must make‚ they react with a decision that seemed to work before. It’s easy with this approach to get stuck in a circle of solving the same problem over and over again. Therefore‚ as a new manager
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You are a senior manager of “X” Ltd. You have to take a major decision. Discuss what decision you are making and all the factors you are going to consider. How you are going to make the decision? | | Unilever today is a trusted name in both Bangladesh and other parts of the world. Listening to the people‚ who buy our products‚ helped us to grow into one of the world ’s most successful consumer goods companies. In fact‚ 150 million times a day‚ someone somewhere chooses a Unilever product. In the
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Personal Problems George Orwell’s “Shooting an Elephant” is a simple essay with a strong message. Throughout the piece‚ the narrator faces the same conflict day after day and was “hated by large numbers of people” (Orwell 377). This level of hatred causes the narrator to make a decision against his beliefs and in favor of the imperialistic society. This decision is not based on the right thing to do‚ but to simply fit in. Orwell uses his perplexed narrator‚ a simple plot‚ and detailed setting
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Urban Problems This year has been an exciting and always educational experience in Social Problems. Although I did not know at first what I was fully getting into I did know the course description drew me in. Cover a variety of topics in such a small amount of time I feel that by presenting we really get a deeper understanding for our area of expertise. However when it comes to group work I am a very busy person and I personally found it hard to incorporate group time into me time. It is for that
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- What are social problems? Social problems are completely subjective and depend entirely on who is being affected One may consider a drug dealer to be a social problem‚ others may consider a pharmacy to be a drug dealer. Perceptions are not necessarily right or wrong Initial Sociology Measurements of Social Problems: Beginning in the 1970’s at Fordham University‚ sociologists calculated the index of social health They looked at things like the percentage of people in poverty They stated that
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website by “Wisegeek‚” Decision making models fall into two general categories defined as rational decision making models or intuitive decision making models. Likewise Decision making models are used to help come to a conclusion. Coming to a conclusion one must have a good judgement. Each of these models is used to help problem solve and come to an exact conclusion. I learned that rational decision making models are based around the pros and cons of your options. The rational decision making model is
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Figure 1: Decision Support Systems. Retrieved from http://www.dreamstime.com/royalty-free-stock-images-word-cloud-dss-decision-support-system-related-items-image35542029 INTRODUCTION Decision Support System (DSS) is a computer based system which uses analytical models‚ specialized databases and aids the decision makers in making complex decisions in an organization. In the old days‚ a group of professional people in a company used to consider various factors and variables while taking a complex
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