Free Essays on Decision Making Model

Making decisions is a major portion of the manager's responsibilities. It is not an aspect that cannot be taken lightly nor can it be done in a hasty manner. Hasty, careless decisions can have devastating results on the manager's department or even for the entire company. Decisions that are made with deliberation using different kinds of processes, however, can lead the department or company to better and/or more profitable operations. When decisions are indeed made in this manner, the manager should feel confident that he or she has made an appropriate decision and is the best option given the information available at the time. This does not mean to say that the manager will always make the correct decision; lack of information or situational changes can lead to faulty analysis. However, if the manager uses critical thinking and proven successful decision-making strategies, he or she can and should be confident in whatever action they have decided is appropriate. Their own confidence level will, in fact, affect the outcome of their action. To make an effective and ethical decision, a manager could utilize a decision making model that consists of several, relatively simple steps. The first step in this model would be to gather all of the pertinent facts. By doing this, a manager will ensure that he or she has all of their bases covered. Secondly, a manager will need to create a list of all the stakeholders involved. They would need to ask these simple questions: Who is involved? How will it affect them? What could happen if chose an alternative? Then, utilizing the last question asked, imagine the alternatives that could be taken and then discard those that are clearly wrong. Through this technique, a manager will be able to, figuratively speaking, â€Å"weed† out the wrong from the right decisions. Lastly, picture each remaining alternative in terms of some relevant questions and then choose correctly. These questions includ... Free Essays on Decision Making Model Free Essays on Decision Making Model Making decisions is a major portion of the manager's responsibilities. It is not an aspect that cannot be taken lightly nor can it be done in a hasty manner. Hasty, careless decisions can have devastating results on the manager's department or even for the entire company. Decisions that are made with deliberation using different kinds of processes, however, can lead the department or company to better and/or more profitable operations. When decisions are indeed made in this manner, the manager should feel confident that he or she has made an appropriate decision and is the best option given the information available at the time. This does not mean to say that the manager will always make the correct decision; lack of information or situational changes can lead to faulty analysis. However, if the manager uses critical thinking and proven successful decision-making strategies, he or she can and should be confident in whatever action they have decided is appropriate. Their own confidence level will, in fact, affect the outcome of their action. To make an effective and ethical decision, a manager could utilize a decision making model that consists of several, relatively simple steps. The first step in this model would be to gather all of the pertinent facts. By doing this, a manager will ensure that he or she has all of their bases covered. Secondly, a manager will need to create a list of all the stakeholders involved. They would need to ask these simple questions: Who is involved? How will it affect them? What could happen if chose an alternative? Then, utilizing the last question asked, imagine the alternatives that could be taken and then discard those that are clearly wrong. Through this technique, a manager will be able to, figuratively speaking, â€Å"weed† out the wrong from the right decisions. Lastly, picture each remaining alternative in terms of some relevant questions and then choose correctly. These questions includ... Free Essays on Decision Making Model Decision Making Model Making a good decision requires time and effort. Everyone makes decisions everyday. Most of these decisions are made without a lot of time and effort. When confronted with ‘big’ or ‘important’ decisions most of us struggle with how to make the best decision. If we try to make decisions using logic, careful analysis and perform a thorough information search we should feel confident that we are going to make a good decision. When applying rationality to decision making we are forced to confront and clarify our priorities and values. Imagine someone walking into a neighborhood drugstore to purchase a bottle of Scope mouthwash. What made him/her purchase Scope rather than the Listerine that he or she has been using since the tender age of ten years old? The answer may lie in critical thinking. What is critical thinking? According to Bassham et al, â€Å"critical thinking is the general term given to a wide range of cognitive skills and intellectual dispositions needed to effectively identify, analyze, and evaluate arguments and truth claims, to discover and overcome personal prejudices and biases, to formulate and present convincing reasons in support of conclusions, and to make reasonable, intelligent decisions about what to believe and what to do† (Bassham et al, 2002). Does a person always use critical thinking? Not always, because we are so used to being in a decision routine. But we all may have used critical thinking at one time or another. Rational Decision Model What is a rational decision? â€Å"A rational decision is one which best achieves the multitude of objectives of the decision maker(s).† (Ernest H. Horman & Mary Ann Selly, 2001). When we want to make the ‘best’ decision we need to take our time, look at our options and really try to figure out what we want to accomplish. We have to think about the various scenarios that may result because of the decision we make. One model that...

P and Q Inventory Management Systems Essay Example | Topics and Well Written Essays - 500 words

P and Q Inventory Management Systems - Essay Example The model also plays an important role in order to monitor the current ‘in-stock’ items and reduce the risk of ‘stock-out’ of the items (The McGraw-Hill Companies, 2011). The P system of inventory management possesses various similarities as well as dissimilarities to the Q system inventory model. The model is used to record the time in which the product or the item should be in stock and are ready to be employed. In this context, the monitoring and ordering processes are performed when the level of the items reduces to the minimum quantity. The items are ordered at certain intervals of time, for instance, in very specific day of a month or week. This process is often convenient while ordering a group of products at the same time (The McGraw-Hill Companies, 2011). According to the Q-system of inventory control, the order quantity of the items is fixed and the interval period of ordering depends on the level of reordering of the items. However, the reordering in the P-system is fixed and the quantity of ordering items varies in different review cycles. Continuous monitoring is speculated to be highly required in the Q-system of inventory control. On the other hand, the P-system of inventory control attempts to purchase inventory at a specified gap taking greater time for reviewing and recording the stocks in comparison to the Q system (Gopalakrishnan, 2004). Hence, the fundamental difference between the Q system and the P system can be identified as the treatment of highly demanded commodities (in case of Q system) and other goods (in case of P system). It has often been noted that inventory management not only reflects the efficiency of an organization in waste management or resource allocations but also exhibits its flexibility in dealing with alterations related to customer purchase behavior. As the process tends to operate to the coordination of

Management Article Example | Topics and Well Written Essays - 250 words - 2

Management - Article Example Techniques associated with training fall under two categories the first one being on-the-job method and lastly off-the-job method. On-the-job techniques include orientations, job rotation while the ones relating to off the job are lectures and conferences (Griffin, 395). Considering the fact that I am a new employee, orientation focusing on the mission, rules, regulations as well as a comprehensive outline of my responsibilities will enhance the performance of my present job. Coupled with the interactive nature of orientation is demonstration where the leader to whom I report to illustrates the use of both the tools and equipments necessary in the performance of my roles (Griffin, 401). Job rotation that involves changing duties is a training aspect that will grow my skill set in a series of tasks thereby improving on my efficiency and increasing my knowledge base. Moving on to the off-the-job training methods, lectures that integrate power point presentations enhance the understanding of important topics and provide an opportunity to ask questions that maybe instrumental in the practical environment (Griffin, 393). Conferences and discussions provide relevant information in an equal measure. In both, experienced experts are able to convey information on various ways of minimizing risks while performing duties effectively. This will go a long way in enabling me to solve challenges and meet the expectations of my job performance. The benefits of training in the job environment are substantial because training increase the morale of workers, reduces supervision and minimizes errors that may hamper smooth operations. Other than increasing efficiency, which translates to higher productivity, training offers an opportunity for career growth and

Impact of Globalisation on International Business

Impact of Globalisation on International Business Globalisation refers to the process of interconnection among firms, people and governments of different countries (Lechner, 2009); economies from every country will become closer and interrelated through globalisation as foreign countries are a source of both production and sales for domestic companies. It is obvious that the globalisation has linked with international business as international business consists of all commercial transactions that take place between two or more countries such as sales, investments and transportation. Globalisation is very common in today’s world. It enables people to travel around the world by improving the transportation and it also helps people to do business in terms of purchase or sell products and services as well as pursuit of business leads. Moreover, globalisation also allows the international communication by improving the technology and it helps businessman to communicate easier with their business partner from other countries. Globalisation brings both positive and negative impacts on international business. There are rise in competition and rise in investment levels; whereas, the negative impacts on international business are the culture effect and also create more social problems child labour and slavery as well as environmental issues. Firstly, globalisation leads to rise in competition. This is because when companies expand their business to different countries this creates competition for domestic businesses in terms of the price, cost and quality of goods and services. This type of competition act as an opportunity for domestic companies to manufacture good quality of products and services and work effectively and efficiently in order to conduct business on a global scale. This will not only benefit the international business by increasing its market share but will also benefit the host country (foreign country where the company invests) as now people will have variety of products and services of good quality and affordable price due to rising competition. The domestic market of the country will become strong due to foreign company establishing in the country and contribute to economies GDP rate and growth. One of the examples of company that establishes and contributes to economies GDP rate and growth is General Motors (GM). GM is a multinational company which produces vehicles in United States. They had expanded their business in more than 120 countries including China (General Motors, 2015). When GM expanded its business to China in 2010 and its sales had grown approximately 50 percent in China and 15 percent in United States (Ketchen Short, 2012). Secondly, globalisation also affects the investment level in both host countries and home countries. Foreign Direct Investment which is also known as FDI refers to the long term investment owned by investors which can show the flow of capital between countries (Economic Online Ltd, 2015). According to Graham Spaulding (2005), the definition of FDI refers to physical investment that made by a firm to another country for building factory purpose. FDI of both host countries and home countries will increase by expanding businesses to other country through globalisation. FDI gives positive effects to host countries in several ways such as technological effect, employment effect and income effect. With FDI, people able to conduct business with new technologies and management skills; this is because FDI enables technology to transfer from developed countries to developing countries. Besides, training will be provided to the domestic workers for operating business with the new technology which will improve their management skills. Moreover, FDI also contribute in the income of host country as earning of FDI will be counted in the corporate tax (Loungani Razin, 2001). On the other hand, FDI will benefit the home countries by increasing capital in the balance of payment account. Expanding business from one country to other countries, the revenue from the foreign direct investment of the firm will increase the capital of the home country (Hill, 2001). For example, Toyota expands their business to Malaysia and the profit that Toyota gains from the foreign direct investment in Malaysia will send back to Japan as a capital in balance of payment. However, globalisation also views as threats for international business. One of the reasons is because globalisation enables people to share their culture. It is crucial for international business to understand the culture of other countries so that they can increase the productivity of their business. However, it is very difficult for international business to understand every culture of different countries as it is too broad; for instance, in Malaysia, besides of Malaysian culture, there are also other sub–cultures as Malaysia have many ethics. Usually, people are used to their own cultures yet some of them not able to accept others’ culture. One of the examples is when a Swedish company dealing with suppliers in Brazil, the Swedish company is unsatisfied with the attitude of suppliers in Brazil as they always delay the delivery which is urgent for the company; at the end, the Swedish company had no choice, they have to give penalty to the supplier in Brazil so that they can be more punctual (Daeri, et al., 2008). Another difficulty that faced by global business is the communication style. Every country has different style of communication either direct or indirect (Salacuse, 2005). Scandinavia and United Kingdom is one of the examples that show different communication style. The communication style in Scandinavia is direct which means they talk openly and straight to the point in the business whereas the communication style in United Kingdom is indirect where they respect their business partners and they don’t reject obviously. Therefore, it is difficult for businessman to identify the disagreement among British partners. Moreover, globalisation also causes an increase in social problems such as child labour and environment issues. The main purpose of doing business is to gain high profit, some of the businessman doesn’t care whether it is ethical or not. In order to save costs, some of the international businesses will recruit young children as labour and slaves (Pillai, 2011). Child labour often occurs in countries with high poverty rates due to the bad implementation of child labour laws (Hunt, 2013). For example, there are many cases of children trafficking to work in the cocoa farms in order to help support family in the chocolate industry of Western Africa. Some of them even sell to the farm owners or traffickers to work in a bad environment which may causes disease among the children (Mills, 2014). Furthermore, international businesses also cause the environmental issues in the globe such as air pollution and water pollution. International businesses increase the world carbon dioxide emission. The demand for car industry around the globe increased as people want vehicles for transportation purposes (Lacey, 2011). When demand for car industry is high, international business will manufacture vehicles in order to fulfill the customer needs; the more vehicles being used in the road, the higher the level of carbon dioxide emission. Rise of the world carbon dioxide emissions will lead to the air pollution. Other than that, extracting the rare-earth by international business also causes serious environmental issue. The process of extracting the rare-earth will cause water pollution and also radioactive in that area as the water will contain all types of toxic chemicals which may cause cancers. For example, the town in Inner Mongolia named Baotou, used to have crops and plantation but when the producer of rare-earth Baotou Iron and Steel Company starts to produce rare-earth at that place, plants unable to grow due to the radioactive and water pollution (Guardian News and Media Limited, 2012). In conclusion, globalisation can be seen as opportunities as well as threats for the international business. International business able to expand their business in other countries around the world meantime they are helping foreign countries to improve their living standard by providing variety choices and enhancing the quality of goods and services. Moreover, international business also able contributes to home country by increasing the profit of inflow of foreign direct investment through globalisation. On the other hand, globalisation also causes the international business to face cultures issues in term of attitudes, personal styles and communications. Besides that, social problems are also one of the threats for international business. In order to gain higher profit, some of the international businesses will conduct illegal activities such as recruiting child labour or slavery to minimize costs. Not only that, international business also pollute the environment badly especially rare-earth company.

Percentages in Our Life

Percentages in real world Keywords: math, divide, percentage, interest, persent change Around the year 1260, the philosopher Roger Bacon wrote: â€Å"Mathematics is the door and the key to the sciences†¦ for the things of this world cannot be made known without a knowledge of mathematics†. Centuries later this is as true as ever. Mathematics is unique. It is both a beautiful and fascinating world of abstract structures and ideas and a down-to-earth, practical subject at the heart of modern science and technology.Much of its attraction comes from studying the relationship between theory and practice – an elegant theorem on complex functions, for example, also governs the lift on an aircraft wing, and apparently highly abstract algebraic results have important consequences in data security. There is one of the way to express how large/small one quantity is, relative to another quantity in math we use percentage. A percentage is a part of something expressed as a valu e out of a hundred. Percentages are an important part of our everyday lives. Some examples include: sales and discounts interest rates percentage chance of rainfall xam results statistics and survey results sports statistics. Percentage is a very handy way of writing fractions. Percentages can be compared more easily than fractions(fraction (from Latin: fractus, â€Å"broken†) represents a part of a whole or, more generally, any number of equal parts, for example, one-half, eight-fifths, three-quarters). A percent can always be written as a decimal, and a decimal can be written as a percent, by moving the decimal point two places to the right. The history of percentages goes back to the ancient Egyptians who wrote numbers (based on tens) alongside pictures called hieroglyphs. The idea of xpressing parts of the whole are constantly in the same proportions, due to practical considerations, was born in ancient times from the Babylonians, who used the sexagesimal fractions. Alre ady in Babylonian cuneiform tables are problems on the calculation of interest. Interest and have been known in India. Indian mathematicians calculated the percentages, using the so-called rule of three, that is, using a proportion. Examples: 1)To calculate a percentage value from absolute numbers Peter scores 25 out of 32 in an exam, what is his result as a percentage? To calculate Peter’s percentage score it is necessary to change '25 out of 32†² into ‘? ut of 100'. So: 25/32=? /100 This is done by multiplying the actual score by 100: 25/32 x 100 = 78% So 25/32 is the same as 78/100 So John got 78% in his exam. 2)To calculate the true value a percentage represents A camera normally costs ?120 but in the sale it has been reduced by 15%. How much discount does this represent? (ie 15% of 120) 15% of 120 = 15 ‘out of 100' of 120. 15 ‘out of 100' can be written as 15/100 So: =15/100*120 =0. 15*120 =18 Therefore 15% represents ?18 discount on the camera, th e sale price being ?102 (?120 less discount ?18). 3)To calculate percentage increases and decreasesPercent increase and percent decrease are measures of percent change, which is the extent to which something gains or loses value. Percent changes are useful to help people understand changes in a value over time. Let's look at example of percent increase and decrease. A particular brand of milk cost 35 per bag last week. This week it costs 42 per bag. By what percentage has the price risen? Percentage increase = Actual increase/Original value x 100 In these example: actual increase = 42 – 35 = 7 original value = 35 Therefore: Percentage increase = 7/35 x 100 = 0. 2 x 100 = 20% The price has risen by 20%. )To compare or combine results with different base values Dina sat two exams last week. In science she scored 68 out of 100. In maths she scored 39 out of 60. Which subject did she do the best in? This is not instantly clear. The results would be easier to compare if they had t he same base – ie they were both ‘out of' the same number. The easiest way to do this is to change them both to percentages. Use the same method as with Peter's exam results earlier. Make them both ‘out of 100'. Science: 68 out of 100 = 68% This one is easy because the mark is already out of 100. Maths: 39 out of 60 = ? ut of 100 39/60 x 100 = 65% So, Dina did better in her science exam than her maths exam. 5)Percentages more than 100% This can seem confusing. Sometimes 100% represents a whole one. For example, in exams you can’t do any better than 100% as this represents all the marks available. Likewise when looking at percentage chances, there can be no more than a 100% chance of rain. This represents a certainty. However, there are other situations where you can use percentages that are more than one hundred. For example, a country experiencing hyper-inflation can have an inflation rate of, say, 300%.If you think of this as 300 ‘out of a hundred', this may seem impossible. However, you could think of it as 300 ‘for every hundred' and then it makes more sense. After all, any percentage gives a score ‘for every hundred'. An exam result of 68% is 68 correct answers for every hundred questions. Looking back at the inflation situation, you now need 300 more units of currency for every hundred units you needed before. If you are not sure whether you can use percentages greater than one hundred in a particular situation, the best way to check is to invent some numbers or an example and see if the result is sensible. ) A table normally sells for J750; in a sale it is reduced by 180%. Does this make sense? First, what is 180% of 750: 180% x 750 = 1350 So, how much would the table be in the sale (750 – 1350 = – 600)? As the table cannot be sold for less than nothing, it does not make sense, percentages greater than 100 cannot work in this situation. b) A shoe manufacturer sells 10,000 pairs of trainers in the month of May. During the World Cup demand increases and by August sales have risen by 180%. Does this make sense? First work out 180% of 10,000: 180% x 10,000 = 18,000So the manufacturer sold 18,000 more pairs of trainers in August than in May. This would mean that sales of trainers in August totalled 28,000 (10,000 + 18,000). This does make sense, so percentages greater than 100 can be used in this context. Why do we use percentages? The use of percentages in many financial situation is so natural that is is worth spending a few moments considering why this is so. If you need to divide something up into portions so that each person gets an appropriate share of the whole then percentages are a good way to go about it.If a pie is divided into two parts so that A gets twice as much as B then the appropriate percentages are 66. 66% and 33. 33%. As long as the pie is shared out into these percentages the two-to-one ratio will be maintained. When relative importance is gauged as a ratio then a percentage allocation is appropriate. However notice that as the total amount to be divided increases the absolute gap between what A and B receive increases. This property of a percentage increase/decrease of keeping ratios fixed is less arguably appropriate when what is being shared is less obvious. For example. f A and B work for an hourly rate of $20 per hour and $10 per hour then a percentage wage rise of 10% will keep the two-to-one payment the same at $22 per hour and $11 per hour. However the differential between the two rates of pay has jumped from $10 to $11. If a percentage increase is repeatedly applied the differential between the hourly rates goes on steadily rising even though the two-to-one ratio remains unchanged. This isn’t necessarily wrong but it is important that all concerned understand that a percentage increase or decrease keeps existing ratios fixed but changes absolute differences.

Module one review parenting skills Essay

1. What are the different parenting styles used by families? Which do you think is better? Why? The first type of parenting styles is the authoritarian style where the parents have all authority and say so in every matter. The second type is the permissive style where the parents are extremely passive and give the children a lot of power. The third is the democratic style of parenting where the parent considers the thoughts and feelings of the children but ultimately they make the decision. The democratic style is my personal favorite because it makes they child feel like their opinion matters but does not give them the power to run all over their parent. 2. What makes a person ready for parenthood? When should an individual consider entering parenthood? Who should postpone parenthood? Should everyone become a parent eventually? Do you think some people should not become parents altogether. I think a person is ready for parenthood when they are financially stable, emotionally stable and have a good support system behind them to help them raise a child whether that means they are married or they have family. I think an individual should consider entering parenthood when they had all of the things previously stated meaning that they are ready and when they are 100% sure that they ready and that they are not being pressured into it. I think that young people, newlyweds, and people with any doubt at all should postpone parenthood. I do not think that everyone is meant to be a parent so not everyone should eventually become one, some people are better off not having children. I think there are people in this world who should never have chi ldren altogether because they are not capable of providing a safe and loving home for them.

Essay Of The Crucible And Rwandan Genocide - 1005 Words

The Crucible and Rwandan Genocide The Rwandan Genocide took place over a period of just one hundred days, and in that short amount of time over 800,000 Rwandans were killed (BBC News). The Rwandan Genocide was a mass slaughtering of the Tutsis by the Hutus, even though these two ethnic groups had coexisted in peace for many years prior. Eventually they had different ideas about who should be superior in their country, and the Hutus later used the power that they had to try and kill off the entire Tutsi population. This is similar to The Crucible, by Arthur Miller, a play known for its story about the Salem witch trials that took place in Massachusetts during 1692. In the play Miller presents different characters who use power for their†¦show more content†¦She then uses the power of being a religious child and proceeds to accuse other people in the village of witchcraft. Abigail then says, â€Å"I saw Sarah Good with the Devil! I saw Goody Osburn with the Devil! I saw Bridg et Bishop with the Devil!†(Miller 50). Abigail is able to convince everyone she is telling the truth through the use of manipulation. Manipulation is definitely a form of power and often one that is commonly abused for ones personal benefits. In this case Abigail uses her power to manipulate people into thinking people in the village are witches, and to ultimately shift any blame of suspicion off of herself and onto others. Even though it means the people who she accused could be hung for witchcraft. Abigail has lost her sense of what is wrong and what is right because she has accumulated a great deal of power, and she is abusing her power to manipulate the people within the village. The Rwandan Genocide also shows how ones moral judgement can be lost when abuse of power occurs. For example the article from BBC News reported, â€Å"About 85% of Rwandans are Hutus but the Tutsi minority has long dominated the country. In 1959, the Hutus overthrew the Tutsi monarchy and tens of thousands of Tutsis fled to neighbouring countries, including Uganda.† When the Hutus eventually overthrew the monarchy within Rwanda