Decision Making Paper - 722 words
I have been employed for 17 years with a major aerospace company. Like any corporation, it functions through a multi-tiered managerial hierarchy. In the spring of 2000, several derogatory comments appeared on www.companygossip.com about Stella O'Brien (not her real name), an employee of the aerospace company. The www.companygossip.com, is a website in which anyone can post comments about their superiors and co-workers or complaints about their employment environment. The comments posted about Stella were slanderous and sexually explicit, and evidently posted by a co-worker. Stella reported these incidents directly to the Manager of Launch Operations, the head of the aerospace program on whic ...
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Ffect Of Stress On Decision Making - 1,621 words
Stress must be present to ensure our very being. One may wonder about the validity of this statement, but it is quite true. Stress plays a vital role in the way we make decisions (Massa et al, 2002, pg 1). Problem solving and decision making in demanding real-world situations can be susceptible to acute stress effects which manifest in a variety of ways depending on the type of decision. The negative effects of an overload of acute stress include attentional tunneling, working memory loss, and restrictions in long term memory retrieval, with simple strategies being favoured over more complicated ones. The underlying assumption is that stress can lead to errors, poor performance and bad decis ...
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Ffect Of Stress On Decision Making - 1,608 words
... lly what it says and then testing. Looking back is analyzing if you could have obtained the same result through a different method (Thompson, 2001, p.176). In theory this type of approach should allow you to make the best decision, provided that you have the mental energy, unlimited time and all the relevant information to carry out the decision analysis. But we know from our everyday experience that when we are in a familiar situation, we take many decision almost automatically on the basis of our experience. We do not consciously generate and evaluate options, we simply know the right thing to do (Flin, 2004, pg 30). This may be called intuition (Flin, 1997, pg226) but in fact to achie ...
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Ethical Theory And Decision Making In Practice - 1,092 words
The night shift on the surgical ward began as usually with report without any interruption. There were 12 patients on the floor and 2 nurses including me and in-charge nurse. It was about 2 am when one of my patients, 32 year old woman, diabetic, approximately 12 hours postoperative reconstructive foot surgery became nauseated and had small emesis. She was on PCA Morphine, drowsy and responded appropriately to questions. Her pain was on 3/5 scale, her nausea persisted, capillary blood sugar was 20.6. The orders stated to start the usual insulin in AM, a dose in which she was previously at home. Gravol 12 mg IV every 8 hours and last dose was given at 2300 hours by evening staff. I called the ...
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Ethical Theory And Decision Making In Practice - 1,112 words
... ing patients condition frequently and assessing that there was no worsening was very indicated in this case. Addressing patients needs, trying to get new orders and make the doctor to personally assess the patient was very crucial in this matter. The other important principle is nonmaleficience, it means doing no harm. I was unsuccessful to positively benefit the patient, but by all means I had no right to harm her. I realized that persistent nausea or emesis were the side effects of Morphine and high blood pressure or they could be due to paralytic illeus. My patient had IV running so I was replacing the volume she had lost plus I had quick access to vein, in case there was a need for I ...
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Decision Making In Action - 925 words
Decision Making Process in Action According to Webster's Dictionary the definition of "decision" is the "1. a: act or process of deciding b: a determination arrived at after consideration: CONCLUSION." (http://www.m-w.com/). Organizations and individuals make decisions every day. Decisions are made by flipping a coin, taking a guess, thinking about the thoughts and feelings of others, considering values and beliefs, complying with a mission statement, or picking a solution with more positive than negative consequences. In order to understand the decision making process, we have to look at exactly what goes in that process and apply it to a real world work situation. According to the Manageme ...
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Keys To Successful Decision Making In Management - 569 words
The article I am about to present is a good example of decision-making. The reason I chose this article is because it has a good example of a decision making to reach managerial success and it is definitely related with my course objective. From the article, I get that decision-making process is one of the most basic factors that can influence the competence of an organization and it is usually connected with the future prospects of a company. The article also states that decision-making is also a factor that can show the success of a manager or the failure of him. Although the fact that a manager must have many skills in order to succeed in his task, it is important to have good judgment in ...
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The Impact Of Ethics On Decision-making - 1,299 words
If decision-making requires that we employ the basic standards of critical thinking, mainly, perception, assumptions, emotion, language skills, arguments, fallacies, logic and problem solving, then, would it be correct to assume that if we employ the standards of ethical behavior to such decision-making processes the chosen alternative to the problem may create a dilemma between critical thinking and ethical conduct? At times it may. Many issues have to be taken into consideration. Some of these ethical issues involve tradition, personal believes, family values, patriotism to ones country, religious believes, and cultural values. Ethical behavior is consistent with agreed principles of corre ...
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Fbi Agent - 466 words
In all respect I've always had a fascination with becoming an F.B.I. agent. As my interest grow during my educational progression, I'm learning how my personal attributes with help me in my given field. First of is the size of my physical build, which I believe will help me with any possible altercation I my encounter. My positive attitude toward life will also be helpful. I also have a good decision making skills, with out letting let and kind of prejudice entering my mind. The reason I am so positive about this is I've had such a variety of friends. I've had friends of different races, ethnic background, and religious beliefs. I've also have a vary strong emotional barrier due to all the t ...
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Music Of New Millenium - 388 words
Competencies are one of several factors, including performance results in determining annual pay adjustments. Valuing the how (high impact behaviors) of performance as well as the what (results). Reinforcing high impact behaviors through pay delivery. Critical to success, but a bad place to start; a good place to continue. Necessary for Top Performance but not Sufficient to Guarantee it Personal Attributes and Behaviors that Predict Longer-Term Success Job measurement is designed to calibrate organization roles. One compared to another. Focus is on the job, not the person in the job. The person is very important to us, but how the person is performing in the job comes later. The most c ...
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Privatization - 2,101 words
... opriate techniques to use, whether in the wealthier countries of Latin America or the poorest countries of Africa. In this section our group briefly reviews recent privatization developments in each major region of the developing world, Africa, Eastern Europe, Middle East and Latin America. International and International Privatization Group estimates. Latin America has led the developing world in terms of the pace of its privatization, although central and Eastern Europe and the former Soviet Union have recently begun to implement massive programs. In 1992, transactions in Latin America accounted for about one-third of the developing world's total, up from less than 10% in 1988. Latin A ...
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Purchasing A Small Business - 1,330 words
Financial Management for the Small Business B. The "Thirteen Steps" to acquiring a business B. Beginning the search-who can help? 2. Choosing the method that is best for your situation 3. Some different methods of valuing a business VI. The rewards of working for yourself The decision to purchase a business of your own is not an easy task. There are many things to consider before the final decision is made. First of all, exactly what do you want to accomplish? To make millions of dollars, right? Or is it to have the freedom of being your own boss? Whatever the reason, you must be sure that it is something that you are ready to devote an exorbitant amount of time and energy into and that it i ...
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Business Report - 1,530 words
A comprehensive advertising plan will help this company capitalize on many current and future market trends in the casket industry. We will develop a strategy for the company that will pull the product through the supply chain by creating consumer awareness and developing and interest for the product, thus creating a more educated, knowledgeable and empowered end-consumer. The new trend sweeping the funeral services market is that of pre- planning, people are starting to realize that as with everything else, prices are moving higher on a regular basis. Many individuals realize by pre-planing know they are relieving the burden from family members and also taking advantages of saving money by ...
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How To Rejuvenate A Mature Business - 1,174 words
The last two decades has seen a revolution in management accounting theory and practice due to the challenges of the competitive environment in the 1980s. Kaplan and Johnson (1987) identified the failings and obsolescence of existing cost and performance measurement systems which led to re-examination of traditional cost accounting and management control systems. Conventional financial and management accounting methods have developed primarily as a result of corporate legislation in the 1930s forcing companies to provide externally published financial accounts. Management accounting is primarily focused as a decision making tool for running a business, hence they require more flexibility. Ac ...
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How To Rejuvenate A Mature Business - 1,168 words
... ment is required in training employees, maintenance of equipment and integrating with suppliers. With this embedded into the processes the goal of achieving zero defects can be achieved. Executives claim that manufacturing costs decrease as quality increases thus a continuous drive to reduce product defects will enhance the long run productivity of the production process . Managers tend to use the economic order quantity (EOQ) model which helps in determining the cost balance between an additional set-up (for a new production run or change of product) to the cost of holding inventory. If set-up costs could be driven to zero and by just-in-time inventory control systems implementation fir ...
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Portfolio - 1,098 words
... t additional return he would require to compensate for a specified increase in risk. So, the most desirable combination of risky assets depends on the decision -maker's attitude towards risk. If we know the extent of his or her risk-aversion that is, how large a premium he/she requires for a given increase in risk, we could specify the best portfolio. The portflolio combination model, although having limited operational usefulness for many investment projects, provides the infrastructure of a more sophisticate d approach to investment decision-making under risk, The capital asset pricing model (CAPM). This is based on an examination of the risk-return characteristics and resulting portfo ...
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The Leading Edge - 671 words
Management in organizations today are trying to capture both quality and productivity (bottom line results) from their employees, and are spending millions of dollars in time, capital, and human resources. However, without the proper paradigm shift in leadership roles, which must include a new appreciation on the importance of principled centered leadership that recognizes that people are the highest value in any organization, the investment no matter how great will not accomplish their goals. Managers today have to become more effective in leading and managing their employees. They have to start with a new mind set, change their frame of reference, change how they see the world, how they th ...
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Nike - 1,663 words
Nike, Inc. (503-671-6453, www.nike.com) is the worlds #1 athletic shoe and apparel seller. Nike currently employs 20,700 employees, with total sales of $8.78 billion. Nike and the athletic shoe industry have evolved into one of the most competitive market in recent years. But, analysts believe that athletic shoe sales will slow down over the next few years. The slowdown will come with the change in consumer trends. For instance, the younger market is beginning to buy more casual shoes and work boots. Another reason for the slowdown is that people are buying more medium priced athletic shoes and not going for the high price brand name shoes. As a result, this is bringing Nike a lot more compe ...
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European Union - 1,792 words
1. Winston Churchill took the first step towards a European Union in 1946; he called for a "United States of Europe". This Union was going to be very strong, and it has developed some very important decisions since 1946. In 1948, the Congress of Europe brought all the European movements together in The Hague. The first really big change that EU accomplished took place in 1950. The Treaty of Rome was signed and that was the beginning of EEC, the European Economic Community. The Common Market included six countries: Germany, Belgium, France, Italy, Luxembourg, and the Netherlands. These countries decided in 1959 to reduce the customs between them. Another milestone for EU took place in 1979, t ...
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Recruitment - 1,659 words
... e a woman, but the same argument gained credibility in employer-led Opportunity 2000 launched by Prime Minister John Major in the early 1990s (Liff, 1995). Line managers prefer informal sources of recruitment such as word-of-mouth recommendations or purchasing peoples names off the Professional and Executive Register and contacting them directly. This enables autonomy and unaccountability over the choice of successful applicant, and the stereotyped ideal recruit is white, male, aged 30 to 40, and married, i.e. with wife, children and mortgage. This state of affairs is difficult to change, as line managers are patriarchally elevated as the providers, the organizations breadwinners, thus m ...
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