TOPIC: STRATEGIC LEADERSHIP AND DECISION-MAKING: ETHICS AND VALUES APRIL‚ 2010 INTRODUCTION Values and ethics are central to any organization. What exactly do we mean by values and ethics? Both are extremely broad terms‚ and we need to focus in on the aspects most relevant for strategic leaders and decision makers. What we will first discuss is the distinctive nature of ethics; second‚ we will take a look at work ethics; third we will look into strategic leadership and decision making; fourth
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confident and strong. However‚ have you ever thought about all the tough decisions the president of the United States has to make? As the president of our great nation they are expected to make the best decisions possible for our country. Since the beginning of time our presidents have made decisions that have changed America forever. For example‚ choosing to launch an atomic bomb that would take so many innocent lives. A decision that would go down in history as being the most controversial of them
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Decision making is intrinsic in the society no matter if it is a crucial decision or not. Many models and theories have been recommended to analyze how humans make choices both individually and also in groups such as organizations. This literature review covers a diversity of such models and theories including types of choices and influences of decision making. In order to understand the behavior of how individuals make choices‚ we have to first analyze the fundamental levels of decision making
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Developing an environmental scanning process in the hotel sector Jorge Costa Professor‚ Fernando Pessoa University‚ Portugal Richard Teare Granada Professor‚ International Management Centres Association‚ UK Keywords The development of the hotel sector in Portugal has been scarcely documented with Abstract little literature published‚ and that which is Investigates the environmental available‚ mostly reporting on the occupancy scanning activities of hotel chains rates and revenues of hotels
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Decision making across the organization Introduction Capital Intensive: A business process or an industry that requires large amounts of money and other financial resources to produce a good or service. A business is considered capital intensive based on the ratio of the capital required to the amount of labor that is required. (investopedia) Labor Intensive: A process or industry that requires a large amount of labor to produce its goods or services. The degree of labor intensity is typically
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Chapter 11 – Decision Making What is Decision Making? * Decision making – the process of developing a commitment to some course of action * Can also be described as a process of problem solving * Problem – a perceived gap between an existing state and a desired state Well-Structured Problems * Well-structured problems – a problem for which the existing state is clear‚ the desired state is clear‚ and how to get from one state to the other is fairly obvious * Decision making takes time
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lessons can be learned from the experience at ChocCo? What would you do differently if you were to be party to the process? ChocCo is food manufacturers that have a few problems about the management. The factory runs continuously in 24 hours every day of the week. The management had to face a problem on the working time as the worker demand to have 12 hours shifts in 6 day fortnight. After 12 months‚ the ChocCo management was not satisfied with shift works changes. From this‚ there is a lot of
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Decision Making Group decision making occurs when a specific group of people make a choice regarding a process or procedure in the work place. Group decision making can also include a group of friends getting together and making a decision where to go for the evening. Decision making can be easy‚ hard or somewhere in the middle; many times how hard the process is depends on the team or group of people that have to make the decision. The type of decision and the number of people the decision will
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computer-based systems‚ which help decision makers utilize data and models to solve unstructured problems (Scott Morton‚ 1971). A Decision Support System (DSS) is an umbrella term used to describe any computer application that enhances the user’s ability to make decisions. More specifically‚ the term is usually used to describe a computer-based system designed to help decision-makers use data‚ knowledge and communications technology to identify problems and make decisions to solve those problems
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The analytical support for decision making course is really indeed touching every aspect from my daily job as a lead optimization engineer dealing with a huge drilling real time streaming data. In the past I have worked to prepare quarter review & annual report for our center. Honestly‚ it was consuming a lot of time to construct a valuable presentation that will impress the upper management. As of time being ASDM is a strong aid to be creative in utilizing‚ analyzing‚ projecting & illustrating
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