Optimal decision

Founded in 1928, Jones Blair has become the standard in quality and has earned the reputation of being a fair dealer resulting in long standing relationships with distributors of their products. However, this has created a concern due to the need for high quality products; they have the inability to be flexible with pricing. National retailers due to the mass quantities that they sell have gained an advantage due to this inelasticity of pricing. This is especially visible in the long-lasting…

Week 3 Individual Assignments ACC/400 Chapter 10 1. Georgia Lazenby believes a current liability is a debt that can be expected to be paid in one year. Is Georgia correct? Explain. Yes Georgia is correct because a current liability is a short-term liability that is to be paid within the accounting cycle which is one year or less. 7. (a) What are long-term liabilities? Give two examples Long term liabilities are company obligations that extend beyond the…

Tidd et al (2005, P.3) states that “innovation is driven by the ability to see connections, to spot opportunity and to take advantage of them”. However, it is creativity that gives that ability to conjure up the ideas and Cummings (1998) supports this. He very much describes creativity as the idea generating stage. Martins and Turblanche (2003) also supports this theory and offers a definition for the context of organisational creativity. They state that: “…creativity can be defined as the…

can choose to act however they choose, whenever they prefer to. People have free will. Free will is the belief that we are able to manufacture our own decisions without a superior being controlling our decisions. I believe as humans, we have free will and we do generate our own decisions. We can be unpredictable and not always produce the best decision, but we do have free will and that’s what makes us human. We are not limited to the stages that Jacques mentions, even if they have changed since…

relooked how the organization was goring to develop its leaders. On the other hand, the weakness were not considering the culture, acting in a multiple CEO capacity, and enforcing his power to reduce “family’ suppliers and not embracing employees in the decision making process. Though he had the weakness, he was a man of his word and was able to turn the firm around quicker than…

Review #1 Schnyer, D. V. (2009). Decision-Making Under Conditions of Sleep Deprivation: Cognitive and Neural Consequences. Military Psychology (Taylor & Francis Ltd), 2136-45.Journal This study was designed to investigate how sleep deprivation affected the decision making with a sample of fifteen participants, four females and nine males. Previous studies, which focused on working memory, concluded in conflicting results; some labs have found that sleep deprivation slowed down cognitive…

Group decision making is a type of participating process in which multiple individuals act collectively, analyze problems or situations, consider and evaluate alternative courses of action, and select from among the alternative solutions presented. On average, groups make more accurate decision than individuals and members of a group have individual accountability; the team has both individual and collective accountability. There are multiple advantages to group decision making. When making…

Major Decision I will not be making this hire. For the past five weeks we have been pondering the issue brought to us called, “The Problem.” We, as a class explored the idea of this new hire. Beginnig this process of being aware of my core values, I see how making this decision is of no easy task. In making the decisions I have accessed my core values. In my core values I began by asking myself a series of questions. 1. If I hire this person will they be truthful with our company? If I do not…

1.3. The Role of Front Line Managers in HRM The engagement of line managers in HRM activities has been widely noted in literature (Renwick, 2002). The CIPD (2015) described line managers and front line managers’ HR responsibilities as to managing single employees, or teams. Gennard and Kelly (1997) argued that through the HRM paradigm, giving back the responsibility of people management to line managers would improve the organisation’s competitiveness in the product market. Similarly, Cunningham…

abundance of decision making tools and techniques that Northwestern Manufacturing Company or NMC can utilize in the process of bettering their business are astounding. From the use of qualitative tools such as brainstorming and decision trees to quantitative tools like statistical based charts using a what-if analysis. For Northwestern Manufacturing Company to stay competitive, both these descriptive and statistical based approaches should be thoroughly examined during the decision making…