As a former Chief Investigator for the Hardeman County Sheriff’s Department, our department faced many different dilemmas when it came to the purchasing of safety equipment for the department. The department had to begin to look at purchasing bullet proof vest for men and women of the department. There were many different strategies that were to be used during the purchase of the bullet proof vest. The Sheriff Department used the cost- plus pricing method, which is a mechanism that is used to determine the price Thomas, Maurice, (2010). I was determined as a supervisor to purchase the best bullet proof vest for the department, but the board wanted to purchase the cheapest product for the department and save money for the county. During
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To make the proper decision it must be made throughout the design, development, and production or implementation of every product and service. This unfortunate circumstance occurs for three main reasons. First, many people spend too little time and effort on the task of specifying objectives. They feel they already know what they want and need. Without further reflection, they immediately pick an alternative that seems to "solve" their problem and they move on. Only later, when things turn out less well than anticipated, do they realize that they didn't really understand their objectives after all. By then, of course, it's too late. The adult reader must be able to grasp the concept that understand that making smart decisions is what keeps the company growing Keeney (1999). Keeney, R. L. (1999). Foundations for Making Smart Decisions. (cover story). IIE Solutions, 31(5), 24.
KOWNATZKI, M., WALTER, J., FLOYD, S. W., & LECHNER, C. (2013). CORPORATE CONTROL AND THE SPEED OF STRATEGIC BUSINESS UNIT DECISION MAKING. Academy Of Management Journal, 56(5), 1295-1324. doi:10.5465/amj.2011.0804
Thomas, C. & Maurice, S., (2010). Managerial Economics,
To make the proper decision it must be made throughout the design, development, and production or implementation of every product and service. This unfortunate circumstance occurs for three main reasons. First, many people spend too little time and effort on the task of specifying objectives. They feel they already know what they want and need. Without further reflection, they immediately pick an alternative that seems to "solve" their problem and they move on. Only later, when things turn out less well than anticipated, do they realize that they didn't really understand their objectives after all. By then, of course, it's too late. The adult reader must be able to grasp the concept that understand that making smart decisions is what keeps the company growing Keeney (1999). Keeney, R. L. (1999). Foundations for Making Smart Decisions. (cover story). IIE Solutions, 31(5), 24.
KOWNATZKI, M., WALTER, J., FLOYD, S. W., & LECHNER, C. (2013). CORPORATE CONTROL AND THE SPEED OF STRATEGIC BUSINESS UNIT DECISION MAKING. Academy Of Management Journal, 56(5), 1295-1324. doi:10.5465/amj.2011.0804
Thomas, C. & Maurice, S., (2010). Managerial Economics,