Essays on Decision Making

Humans are naturally emotional creatures. Yet without the guidance and foresight that arises with using logic and reason, decision making influenced by emotions is often rash and destructive. Using logic and reason allows one to carefully calculate the payoff of each decision, as well as the potential risks involved. This can be applied to various…

Q: 1. Insurance companies in the state of Florida earned record profits in 2006, suggesting that Nationwide’s decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-07 may have cost the company potential revenue and customer goodwill. Do you think Rommel’s quote about making a ‘sound business decision’ reveals any…

Relevant Information & Decision Making 1. Which of the following best defines the concept of a relevant cost? A. A past cost that is the same among alternatives. B. A past cost that differs among alternatives. C. A future cost that is the same among alternatives. D. A future cost that differs among alternatives. E….

Work teams as a method for doing business in organizations is becoming prevalent throughout the 1990’s. One of the applications of teams is the area of knowledge work, where the actual product is knowledge, in terms of designs, decisions, or information. Using work teams in knowledge work is difficult because the goals are often fuzzy…

Introduction There are some times when there is no choice but to make decisions with possible ethical consequences at some point in any human services career when an ethical dilemma is faced. If one chooses not to make a decision, it is a decision itself (Keith-Spiegel & Koocher , 2010). In this paper, I am…

This study examined teachers’ involvement in decision making process in secondary schools in Ekiti state, and also investigated whether teachers’ involvement in decision making process is related to their personal characteristics. An instrument titled teachers decision making questionnaire (TDMQ) was used to collect the data. The instrument was administered in five local government areas of…

My prospects for discovering a vocation were faint until a companion assisted land mea position with his convenience store, kangaroo. It was my first service station employment, and it took me eventually to take in the aptitudes. My companion bolstered me notwithstanding my various errors amid the initial few weeks. The kangaroo confronted a proceeding…

Ethical decision making is an essential aspect in understanding and demonstrating the values of an organization. The intense pressures of business may not always allow time for reflection, and the high stakes may tempt us to compromise our ideals. Many of us already have well-developed ethical outlooks but by considering various approaches to ethical decision…

Question 1: Which biases in decision making can be identified in the performances of both Pieterson and Gack? How can the identified biases be overcome? In general, the decision making style for manager approach decision making is toward rational and intuitive thinking. In rational thinking a person consider the problem in a rational, step-by-step and…

The Asch phenomenon is a concept derived from the findings of a study conducted in 1951. Solomon Asch (1907 1996) originally conducted this experiment to explain conformity to majority-established norms (Moghaddam, 1998). The subjects involved in the study were brought into a room with seven other students (who were all working for Asch and were…