Decision making is integral to business and management and vital to many other facets of life. To make good decisions, you must consider all the options, evaluate them, and select the best one. However, it can be complicated.
When you are under pressure or have a lot of tasks to do, the process can seem impossible. This is where free paper examples can be advantageous. By looking at high-quality samples, you can see how other people have explored similar topics and learn from their mistakes. Using free paper examples is a great way to improve your decision-making skills and write better papers.
To facilitate large business enterprises to function in a smooth way, an ERP system is essential. While selecting or implementing a new ERP system in a business, the vendor should be aware to provide the best and most suitable one. The development of software needs huge costs, so the vendor...
The decision is the conclusion of concepts which entails choosing the best alternative from the available and taking the most appropriate course of action. Making decisions involves an integrated approach to problems, which enables the manager to move forward in business. Such conclusions are often binding and may affect the...
Different organizations embrace varying tools in making choices alongside strategic planning. However, the decision-matrix, Pareto analysis, and SWOT analysis seem to portray substantial benefits for firms worldwide. These tools entail critical evaluation of the existing conditions to understand and identify various factors affecting the system of operation. The decision matrix...
One way in which perceived risk will help me decide whether I will purchase the new luxury motor vehicle is financial risk. All luxury cars are expensive, and if the price is above my limit, I will try to negotiate. If the negotiations are not successful, I will not purchase...
Perceived risk, media influence, social characteristics, and demographic characteristics will affect the choice of a brand-new luxury motor vehicle in numerous ways. First, perceived risk will help determine how much money can be used for the purchase. Cars, unlike real estate, lose value as they age. Therefore, a critical look...
First of all, the risks of owning a new luxury motor vehicle can be considered. It means the existence of such concerns as reliability, cost, and benefits associated with its owning. For instance, an expensive car might demand significant spending on its maintenance, and this factor should be considered when...
Cultural management varies depending on the underplayed principles. Many traditions practiced in the Middle East usually do not give equivalent opportunities for both males and females. Females do not have a voice in society, and men prevail over them. This management system does not give women a chance to express...
To be a successful company, businesses should continuously improve the quality of their services and products. Quality of decisions is also critical – choices should be based on strong arguments and relevant data. Contemporary information systems provide a large pool of opportunities for businesses to enhance their decisions when choosing...
One of the most critical steps a person has to take in this life is to be ready to make a decision. In project management and business, decision-making is based on the necessity to select between several alternative courses of action and stay either rational or nonrational (Kinicki and Soignet...
This feedback aims to analyze the student’s first and second discussion response posts regarding the decision-making process and thought leadership. There are several evident advantages of the student’s texts that make them durable and quality. First, the main idea that the student develops is that the leaders need to think...
Summary Decision-making is the most critical job of any manager, yet it is the riskiest and the most challenging task. Poor decisions are known to ruin businesses and careers, sometimes irreparably. Many cases prove that the reason for a wrong decision is an ill-conceived plan. Nonetheless, the human mind drives...
The problem of effectively integrating sound decisions in a business environment is a reality many corporate managers have to live with. Often, the media reports persistently on uninformed decisions made by business executives which end up haunting the organization for a period. Besides the business laws in operation, the complexity...
The science of decision making in the field of accounting and finance involve mental consistency in regards to the prevailing business laws. Managerial accountants must be well informed in decision making in order to protect the company from dubious consequences of misguided choice of action. Decisions in accounting must be...
To make an ethical and fair decision regarding the problem in the case study, it is important to apply the framework for ethical decision-making (Carroll and Buchholtz 27). In the scenario, my most important primary values that would be demonstrated are integrity, honesty, and high levels of discipline. It is...
Decision-making in business refers to the techniques and skills applied in making a sound decision, pertaining to the running of business activities. On the basis of this statement, ‘business management accounting’ refers to the directions that businesses take to correct a situation of financial crisis or shortcomings. These decisions that...
Introduction Decision making is an integral element of organizational processes, and plays an important role in facilitating the effective execution business functions within an organization. A recent trend in the organizational structure is the continued reliance on the use of Information Technology in the effective undertaking of the organizational activities....
A prospect model in relation to prospect theory is important in making of decisions especially those involving risks. The prospect model was developed in the year 1979 as part of a solution to various contradictions and shortfalls that were largely defined in the utility theory in specific situations. According to...
Types of Information Collected The professional context here is that of Performance Assessment and Monitoring in Transcomm SA, an outsourced customer service provider. More familiarly known as a call center, Transcomm is only about a decade old but it leveraged the special opportunity in its service horizontal: a fairly small...
The Fyre Festival was a musical event organized by Billy McFarland and set to take place in the spring of 2017. The organizers canceled it after the attendants had arrived due to critical failures in areas such as food and shelter. Those involved in promoting or organizing the festival faced...
Emotional intelligence (EI) is the ability to identify your own and others’ emotions and employ them in problem-solving and decision making. Emotionally intelligent individuals can easily recognize emotions in others via facial expressions and body language and utilize it to adapt their behaviour. Many studies link EI to leadership skills...
Introduction The financial crisis that started in 2007 on account of consumers failing to clear their subprime mortgages created far-reaching consequences on the US economy and proved to be the harbinger that led to a domino effect, which impacted all economies of the world severely. The global financial crisis of...
Abstract The real option valuation analysis in the business is the option in the business scenario, which can be selected and analyzed from the various alternatives. The decision-making and the analysis of the real option is the main aim of the study. The real value of the option is the...
Abstract The quick growth of the number of consumer products’ offered on the Internet has exposed modern users to the need of making multiple choices. The most problematic aspect of such a situation is that every single consumer has to make a rational decision in the process of product choice....
Introduction Talent management is currently one of the primary concerns in many organisations around the world. Companies are not just looking for highly educated and experienced employees in the job market, but they are also looking for highly talented individuals who can think creatively when undertaking assignments in their respective...
Introduction It is apparent that the demand for efficient risk management tools is increasing in the contemporary business sphere (Gatzert & Martin, 2015). Numerous companies face various risks that have an adverse potential for decreasing the company’s profitability (Bromiley, McShane, Nair, & Rustambekov, 2015). One of the most recognized approaches...
Introduction The impact of risks affects all the aspects of any enterprise, worsening its financial position, marketing opportunities, abilities to meet its obligations, and other perspectives. The main reasons for the emergence of risks are the globalization of markets, increased competition, increased availability of information flows and databases, and the...
Introduction It could be hardly denied that risk is an inevitable factor for every company operating in nearly every sphere of business. There are numerous interpretations of the concept of risk, which makes it significantly difficult to develop a universal definition of it. However, for this research, three primary characteristics...
Introduction Efficient organizations are vigilant in finding ways to improve their efficiency as a group. For example, too frequent meetings are considered a major source of conflict and discontent among employees (Crowe, Cresswell, Robertson, Huby, Avery, & Sheikh, 2011). Hosley (2010) discovered that the productivity of a firm largely depends...
Introduction Organizations comprise a variety of elements or separate entities operating distinctively with each other. In some organizations, such elements are characterized by a hierarchical flow of voice of command from top to down. The main challenge faced by the organization is how to integrate these entities so that they...
Introduction The following paper discusses creative problem solving and its use in motivating employees in an organization. The creative problem-solving styles are critical to the development and productivity of the organization. Problems are likely to emerge in organizations and anywhere there are human beings. Therefore, the ability to solve problems...
Introduction The interaction between information and an organization is simple but very crucial. Information from within the organization finds its way to the outside environment while that from outside finds its way into the internal environment of the organization (again COMMUNICATIONS, 2004) Unchecked flow of information in and out can...
Introduction Despite the commonly believed negative nature of the conflict, it could be said that this social phenomenon can be regarded as a source of transition since the absence of this matter leads to the development of groupthink. The overall conflict can be viewed as time-consuming while being the critical...
The utilization of the groups is of the most critical aspects of the functioning of the organization, and the necessity of groups for system thinking was highlighted by a substantial number of the researchers. Leavitt viewed that the small groups have to be constructed due to the natural flow of...
Introduction Background In the current competitive business environment, firms are struggling to maintain sustainable operations despite several challenges they face. According to Russell and Arlow (2015), operating in a highly competitive business environment requires an understanding of the market. A firm should understand the needs of its customers, their purchasing...
Introduction Managerial decision-making plays a critical role in the functioning of the organization while the simplicity is the core definer of the actualization of the presented actions. It is essential for the bias-avoidance and determines the assortment of the relevant facts to the decision making. This aspect is vehemently significant...
Introduction Business decisions are usually influenced by changes in the economic environment, specific trends in the industry, and fluctuations in the market. As a result, companies face a necessity of making difficult corporate decisions and choosing strategies that can be effective to address the identified problems (Ionescu, 2015). In this...
Introduction Making a decision especially in an organizational setting can prove to be challenging. This is so because it is not always that the decision made will favor all the parties involved. When making a decision, it is of great importance for one to ensure that all pertinent issues are...
Comparing and Contrasting Three Relevant Theories Decision-making is important in ensuring that problems that befall people remain well solved. In day-to-day live, people encounter different obstacles that require different approaches to solving. Therefore, a decision has to be made. In the light of these expositions, various theories have been developed...
Introduction This paper seeks to provide a better insight into the application of information technology in supporting task-oriented group meetings. It will describe Group Support System (GSS) that was invented in an attempt to use information technologies to enhance task-oriented meetings. Group Information Systems under which GSS falls is being...
The major approaches and theories in decision making study People have considered the nature of decision making from ancient times. For instance, Aristotle tried to decide what the most important in the decision making process is and became one of the proposers of virtue ethics (Tobler et al., 2008). Of...
Thesis statement The thesis of the Wisdom of the crowds is that a crowd of brilliant individuals with independence of decision-making will tend to make better judgment than anyone person irrespective of his level of intelligence or experience. To support his thesis, the author analyses an array of events, which...
Ethics and social responsibility are much talked about areas in business today. Questions regarding what these two mean have fetched a lot of theories from different authors. Further, the question of ethical social responsibility is a question that dawn upon all organizations. Are our philanthropic activities with NGOs an ethical...
Introduction Individual attitudes is about evaluative statements about people and its components include cognitive where we have beliefs, knowledge, opinions and the intention of behaving in a given way. An important attitude is job satisfaction because it can affect productivity because when employees are satisfied, customer satisfaction also increase and...
Introduction The Microsoft Corporation has subcontracted its customer support function. Mambo Graphics has outsourced its entire manufacturing process. After profiting from this outsourcing decision, Mambo Graphics later subcontracted the distribution of its products also. Marks & Spencer’s competent suppliers are its competitive edge (Domberger, 2002). All of these are top...
Introduction A department manager in the big company invited all employees to take the Clifton StrenghsFinder test that would determine the naturally recurring patterns in their behavior. This paper will explore different decision-making approaches that could positively impact the performance of the two employees with varied dominant themes. Fairness and...
Introduction Decision-making processes are often lengthy, complex, and involve some type of uncertainty (Office of Quality Improvement, 2016). However, making the right decision is an important quality for managers because it helps them to effectively plan, organize, staff, lead, and control their teams (Rocha-Luna, Garza-Reyes, & Kumar, 2013). The effectiveness...
Impact of decisions without stakeholder buy-in and involvement One of the most important factors in organizational life is decision making. Leaders are subsequently aware of the importance of decision-making and several theories and models have been forwarded concerning this phenomenon. Currently, there is substantial research in connection to decision making...
What is an organizational change, and when should an agency undergo one? Organizational change is a management process when new structural and business strategies are offered to promote change. It cannot be taken spontaneously. As a rule, a company has to be ready for change, and leaders should assess employees’...
Purchasing is a process that depends on several factors. The purchase situation is one of the factors. Research shows that the situation in which a consumer buys goods and services greatly affects his or her consumer. For instance, a mother would be willing to obtain a product simply because it...
Describe two recent purchases you made using nominal decision-making, limited decision-making, or extended decision-making. What caused you to use the type of decision making you described? I bought fuel (gas) for my car as I was driving to school. A few kilometers after leaving my area of residence, I checked...
Introduction Decision making is a very important process for both individuals and organizations. Decision making is crucial when one is looking for a solution to a given problem. The success of an organization is highly dependent on the ability of managers to make the right decisions (Jones, 2010). However, this...
Introduction Team decision making is a process that involves collecting, processing and communicating information in order to reach a task-relevant decision. Although all team members may not reach a consensus, the decision-making process must involve all the individuals within an organization. Each team member is expected to filter data, apply...
The article Management Information Systems and Business Decision Making: Review, Analysis, and Recommendations by Nowduri focuses on the Management Information Systems (MIS) in the context of its influence on the decision-making process (Nowduri 1). Furthermore, the author pays vehement attention to the impact of the decision on the management with...
Information Searches Consumers are involved in the process of seeking information that relates to the product they intend to purchase. The process of seeking information is on an ongoing basis prior to the purchase of the product and after. The information search determines the recognition of the products available and...
