What is good decision making? A. It should be Ethical 1. Utilitarian criterion—decisions are made solely on the basis of their outcomes or consequences. The goal of utilitarianism is to provide the greatest good for the greatest number. This view tends to dominate business decision making. 2. Focus on rights—calls on individuals to make decisions consistent with fundamental liberties and privileges. • An emphasis on rights means respecting and protecting the basic rights of individuals‚ such
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Ethical Decision Making Ethics is a set of moral principles that set forth people’s actions when in conflict with having to examine and decide what is right or wrong‚ what is legal or illegal‚ and what is proper or improper to do. Every business action and decision we make during the course of our lives could indicate when a situation has a wrong or right implication. Most people tend to make business ethical decisions based on personal interest‚ economic status‚ professional values‚ and social
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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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MAKING ICE CREAM INTRODUCTION Ice-cream is a frozen dessert usually made from daily products‚ such as milk‚ cream‚ and often combined with other ingredient and flavors. In order to incorporate air and prevent ice crystals from forming‚ the mixture must stir while cooling process. Let our discussed about history of ice-cream. The ancient Greeks‚ Romans and Jews were called ice-cream as a chill wine or juices. In the first century‚ messengers were sent by the Emperor Nero to mountain
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1. Executive summary: This report provides an analysis of situational decision-making (SDM) in marketing‚ the shopping process‚ how different situations affect buyers‚ the behavioral factors and the perceptual factors. The research draws attention to the fact that shopping process is a set of stages that customers intend to go through in order to satisfy their needs and wants. It will also determine how the SDM model is useful for the marketers when promoting their brand. The major finding shows
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Telecom‚ Media & High Tech Extranet Making smartphones brilliant: Ten trends No.20 RECALL A publication of the Telecommunications‚ Media‚ and Technology Practice June 2012 Copyright © McKinsey & Company‚ Inc. 8 Making smartphones brilliant: Ten trends By: Venkat Atluri /// Umit Cakmak /// Richard Lee /// Shekhar Varanasi RECALL No.20 – A new era of personalized computing Making smartphones brilliant: Ten trends The top-ten trends that will shape the future of mobile
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safe and informed decisions following advances in clinical intervention and medical complexities due to the ageing population with associate co-commodities (). Decision-making pervades in all clinical care and activities‚ and clinical decisions have profound and direct effect on patient safety‚ care and outcome. Clinical decision-making (CDM) involves healthcare professionals applying clinical judgment to select the optimal evidence-based option to control risks and provide high-quality care for patients
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Thinking and Decision Making Elliot Villanueva MGT/350 June‚ 4‚ 2012 Stephanie McDowell Thinking and Decision Making Paper Logic is one of the nine elements of critical thinking. Logic examines general forms that which arguments may take that which forms are valid and which forms are fallacies. There are two parts to logic‚ inductive reasoning‚ and deductive reasoning (Logic‚ 2012). In comparison‚ emotion is associated with mood
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charge of the Operations and Emily was in charge of Marketing. As I was in charge of the finance this included‚ looking at all the finance and money for the business. Although we had individual roles the plan was to discuss all plans as a group before making any decisions. Due to work commitments‚ unfortunately Emily could not commit to the group at the assigned time‚ this resulting in Emily leaving the group‚ which left three group members to cover the four topics. However Shauna missed a number of
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The process of Making an App As I struggled to make sense of what I just heard‚ my mind tried its best to register the truth behind it. My boss had just introduced me to my company’s programming developer and had asked me to team up with him to create an application for my company. The only problem is that neither have I ever made an app nor did I ever learn how to make one. My boss had given me exactly two weeks to finish making this application and he’s expecting perfection. That is when I set
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