I. STATEMENT/RECOGNITION OF DECISION REQUIREMENT/PROBLEM Facts of the Case Pinnacle is a small‚ publicly held Indiana-based machine tool company which is currently losing market shares due to aggressive pricing which have an impact on its profit margin. Don Anglos‚ Pinnacle’s CEO‚ heard a credible rumor that a chief competitor of Pinnacle is planning a hostile takeover of Hoilman‚ Inc. Don Anglos has to decide whether Pinnacle should attempt to acquire Hoilman‚ Inc.‚ a company known for
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a SWOT analysis for a WestJet Airlines Ltd. “SWOT is an acronym describing an organization’s appraisal of its internal Strengths and Weaknesses and its external Opportunities and Threats.” These factors will determine the success or failure of any company. This WestJet SWOT analysis is done at the level of the entire organization and is a useful tool for understanding‚ decision-making and achieving company’s corporate goals and objectives. Based in Calgary‚ Alberta WestJet was founded in 1996 by
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is a Group Decision Support System?" In this Ask Dan!‚ I’ll try to expand on my previous column.In general‚ group decision support systems (GDSS) are interactive‚ computer-based systems that facilitate solution of semi-structured and unstructured problems by a designated set of decision-makers working together as a group. A GDSS can assist groups‚ especially groups of managers‚ in analyzing problem situations and in performing group decision making tasks. GDSS include structured decision tools for
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Mohamed Hafiz Bin Othman 8 December 2009 “Why is making rational decision difficult for higher executives? How do information systems assist decision makers of unstructured problems? Decision making occurs as a reaction to a problem or an opportunity‚ requiring consideration of alternative courses of action. Rational decision making describes choices that are consistent and value-maximizing within specific constraints. It assumes the problem is clear and unambiguous‚ there is a single and
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Consumer decision-making is a central part of consumer behavior‚ but the ways people evaluate and choose products (and the amount of thought they put into these choices) vary widely depending upon such dimensions as the degree of novelty or risk related to the decision. • A decision is actually composed of a series of stages that results in the selection of one product over competing options. • Our access to online sources is changing the way we decide what to buy. • Decision making is not
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architecture of the modern computers we use today. This case study will be divided into different sections according to the eras in the history of the personal computer. The integration of the Von Neumann architecture in each era will be discussed and how it has conformed to or deviated from it. These will include the beginning of the computer industry‚ the emergence of the “Trinity”‚ development of home computers‚ the IBM PC‚ Apple Lisa and Macintosh‚ and the 1990s to 2000s. It will also explore the
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by their activities at work. • Control Of Substances Hazardous to Health - COSHH 1988 (further 2002). This legislation oversees the risk and exposure to employees and others such as the public. Its a frame work to prevent ill health and accidents in the work place. COSHH involves assessing risks to health‚ preventing and controlling exposure‚ that control methods are used‚ and ensuring people are properly trained. • The Misuse of Drugs Act‚ 1971. This is about the unlawful activities and offences
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Subject: Human Resources‚ Task2‚ Ethical decision making This is to bring to your kind notice that recently we have received a report from the quality assurance department regarding the toy collection which has been recently been made for elementary schools for our South American client. The toys made did not pass the quality check as it includes a metal whistle‚ which contains high percentage of led which is highly harmful for the children. The shipment needs to be left by the end of the week
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with 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
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Introduction Page 19 What is Finance? Page 19 Financial Importance and its Assistance in Decision Making Page 19 Sources of Finance Introduction “Funding is the financial support provided to realise certain projects” Whether you are a new business‚ or already established and looking for additional finance for new projects‚ this information pack will assist you in the decision making process with useful information that will help you within your financial considerations. This pack
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