WORK-BASED ASSIGNMENT: M3.01 - Solving problems and making decisions Learner Name: Sadagat Farzullayeva Background Caspian Technical Training Center is Oil and Gas technical training facility located in Sangachal‚ Azerbaijan. Established in 2004‚ managed and operated by TTE-Petrofac on behalf of BP and its Partners‚ center had been designed to meet technical training needs of the Caspian region and achieve BP nationalization targets in Azerbaijan. Center mainly specializes on professional
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Contents INTRODUCTION 4 DECISION MAKING 4 Programmed Decisions 4 Non-Programmed Decisions 5 THE RESPONSIBILITY FOR MAKING DECISIONS 5 ELEMENTS OF THE DECISION SITUATION 6 - The Decision Maker 6 - Goals to be Served 6 - Relevant Alternatives 6 - Ordering of Alternatives 6 - Choice of Alternatives. 6 THE RATIONAL MODEL OF DECISION MAKING 8 Steps in the Decision Making process 8 Identifying an Existing Problem 9 Listing Alternative Solutions 10 Select the Most Beneficial Of These
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Academy of Management Journal 2012‚ Vol. 55‚ No. 1‚ 13–33. http://dx.doi.org/10.5465/amj.2009.0873 CONTEMPLATION AND CONVERSATION: SUBTLE INFLUENCES ON MORAL DECISION MAKING BRIAN C. GUNIA Johns Hopkins University LONG WANG City University of Hong Kong LI HUANG INSEAD JIUNWEN WANG J. KEITH MURNIGHAN Northwestern University This research investigated the role of contemplation‚ conversation (conceptualized as social contemplation)‚ and explanation in right-wrong decisions. Several theories suggest
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Challenges Facing the Youth in Today’s Society Most of the problems facing today’s youth are not restricted to any one ethnic or religious group‚ but affect young people generally. Most discussions on youth have focussed on issues such as drug abuse‚ crime‚ violence‚ sexuality and poverty. In addition to these‚ today’s youth are afflicted by new challenges. These include: 1. An Identity Crisis: Who am I? 2. Lack of self confidence and low self esteem: I am worthless 3. A sense of hopelessness:
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New Straits Times pg. 19 5/1/2011 Challenges facing the 1Malaysia concept CHANDRA MUZAFFAR IT was 20 months ago that Prime Minister Datuk Seri Najib Razak formally announced his 1Malaysia concept. We are now in a position to examine the challenges facing the idea‚ to reflect upon its achievements and to look ahead. The first of the challenges comes from vested interests with a stake in perpetuating ethnic dichotomies that are inimical to national unity. Among the Malays and Bumiputeras‚ there
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My Facing Frederick Essay “If there is no struggle‚ there is no progress”. Bolden - a snare of a snare. This quote‚ said by a man who changed the world‚ in which the quote explained that man’s life without once saying his name at all‚ is written in a book that tells his life story. Yet‚ the true‚ more elaborate definition of the quote would be: if no one were to struggle and lead a life of no toil and no pain‚ the world wouldn’t have adapted and converted itself into what it is now. And‚ in this
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MBA 5005 – Marketing Management 1. Why is the marketing strategy so important to the pricing decision? Can you think of some examples in which the strategy and the price appears to be inconsistent? The decision process required to set prices takes into consideration various factors. According to (Winer & Dhar‚ 2011)‚ these factors are marketing strategy‚ customer perceived value‚ competition and costs. This brief analysis will focus on the effect that one factor‚ marketing strategy‚
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The Apple returns as response to whole market return and IBM return as explanatory variables gives the following regression equation : a. Apple Return = 0.0048 + 1.31 (Whole Market Return) + 0.22 (IBM Return) b. Both the variables have a VIF below 10 however after accounting for standard error both do not contain zero hence they are significant variables and explain the variation in apple returns by 21.13 percent which is the value of adjusted R square for the mentioned model. c. Therefore‚ the
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Strategic Management Topic: The Impact of Strategic Management Decisions – Wilkinson (Case Study) Prepared for Mr. Wiethoff RIHE Prepared by M. M. Khan Business Student -- 2nd year‚ 3rd quarter RIHE 4.03.2013 Wilkinson & its Strategy Businesses must respond to change in order to remain competitive. Developing appropriate strategies‚ which allow progress‚ is essential. Wilkinson was founded in 1930 as Wilkinson Cash Stores by James Kemsey Wilkinson and has remained largely in the
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Ethical Issues Facing Healthcare Ethical Issues Facing Healthcare Nurse’s face challenges in relation to informed consent on a daily; this is a very sensitive subject because it can have legal and ethical issues surrounding it. The purpose of informed consent is to make sure that the physician or nurse practitioner adequately explains the procedure or treatment and the patient comprehends the information (Roberson‚ 2007). In addition there are many complexities to informed consent including
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