Decision Making Essay Examples and Topics

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269 samples

The Role of Management Information System (MIS) in Business

The diagram below shows the relationship between the departments and underpins how the manual system which is used to conduct the primary and secondary activities within the departments is related to the performance of each [...]
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  • Pages: 16
  • Words: 4372

Rational Decision Making Regarding Car Purchase

To achieve the most logical decision, I will use the five steps in rational decision-making, which include identifying criteria and goals, assigning weight to the criteria, generating and evaluating alternatives, ranking the alternatives, and making [...]
  • Pages: 2
  • Words: 556

Wal-Mart Company’s Decision Making Process

The initiative will also enable the company to identify their output and analyze their competitive advantages in the market. The tool will be used by the executives in evaluating the market and assessment of external [...]
  • Pages: 2
  • Words: 560

Kepner-Tregoe Technique Application to Problem Solving

This case study highlights how the managers of the automobile giant continue to rely on the Kepner Tregoe technique to solve some of the problems associated with the implementation of the just-in-time technique in its [...]
  • Pages: 11
  • Words: 2992

The Decision-Making of Toledo Leather Company

From the case scenario, two devices are provided in the question that can be regarded as variables of x and y, and the constants for both functions are presented, which yields the two equations in [...]
  • Pages: 2
  • Words: 377

Educational Pension Investments Case

As the conflict was heating up, Tom made a step and talked to Dan in a rather informal manner to express the concerns of the senior partners.
  • Pages: 3
  • Words: 951

Microsoft Corporation’s Decision-Making Strategy

Nowadays, it becomes increasingly clear for managers that the task of improving the organization's performance can no longer be addressed within the context of a conventional management-paradigm, which implies that the managerial decision-making process cannot [...]
  • Pages: 2
  • Words: 571

Seven-Step Process for Ethical Decision-Making

However, based on the decision I made I was required to discuss the matter with other stakeholders who could have accused me of being biased in the selection and decision-making process.
  • Pages: 4
  • Words: 1301

Design Management in H&M

The significance of quality is evidenced by the improvement in quality management approaches such as the total quality management, business excellence, and the introduction of the European Foundation of Quality Management [EFQM].
  • Pages: 18
  • Words: 5037

Creative Intelligence Styles’ Comparison and Influence

The paper examines the similarities and differences of four styles of creative intelligence and their role in business decision-making. In fact, this is the primary force behind the establishment of our mental models and mindsets, [...]
  • Pages: 3
  • Words: 938

Microsoft Company’s Organizational Change

Change reflects the company's striving to be responsive to the needs of customers while, at the same time, creating a solid basis for the pursuit of organizational excellence.
  • Pages: 7
  • Words: 1935

Problem Solving and Decisions

The main problem in the selected scenario is the concatenation of circumstances that place the subject in a position of having to make some difficult choices, all of which have significant consequences if avoided.
  • Pages: 5
  • Words: 1498

Decision-Making Techniques: Analysis

Evaluating the plan is a strategy that applies to both personal and professional life. That is the opinion of the authors of this article, and it is hard to argue with them.
  • Pages: 3
  • Words: 881

Bad vs. Wrong Decisions in Decision Making

It is important to note that the decision-making process is a complex and highly intricate activity, which involves the accuracy of the information, a clear vision of objectives, and an understanding of the underlying issues.
  • Pages: 1
  • Words: 282

Aldar Properties Company’s Decision-Making Process

The sphere of investment that Aldar concentrates on is one of the main concerns of the company. The investment policy is the initial stage of the investment process, and it determines the objectives and assesses [...]
  • Pages: 4
  • Words: 1256

Psychological Traps in the Human Decision Making

They include the anchoring trap, the status-quo trap, the sunk cost trap, the confirming evidence trap, the framing trap, the overconfidence trap, the prudence trap, and the recall-ability trap.
  • Pages: 7
  • Words: 1995

Decision-Making Strategies and Techniques

Consequently, in the context of this paper, it is critical to discuss decision-making strategies and apply them to practice with the assistance of the workplace examples.
  • Pages: 5
  • Words: 1413

Delayed Decision Making and Its Consequences

Delaying decisions until sometime in the future can lead to increased uncertainty. Delaying decisions until sometime in the future can be risky and lead to various adverse outcomes.
  • Pages: 2
  • Words: 577

Decision-Making Process in Healthcare Sector

In spite of the popularity of the decision-making process, many critics admit that "the ideal decision-making process is unrealistic" because economic, social, and political changes affected modern society and an organization.
  • Pages: 5
  • Words: 1457

Lenovo Company’s Decision Making

The goal of this case study is to evaluate the decision-making of the leadership of the Lenovo company, which grew into a successful large-scale corporation, through a review of the organization's goals, point of view, [...]
  • Pages: 6
  • Words: 1752

Lenovo Company’s Decision-Making Process

In the case of Lenovo, the company had to reshape its strategy that emerged as a consequence of being formed as an enterprise with limited resources provided by a non-profit institute.
  • Pages: 6
  • Words: 1693

Decision-Making With Managerial Accounting

The case of Southwest Airlines demonstrates the application of the budgeting technique in management accounting. Managerial accounting is critical to the provision of quality and quantitative data in the financial and operational performance.
  • Pages: 6
  • Words: 1779

Culture and Consumer Behavior

In addition, culture being the primary determinant of the nature of attitudes, values, and personality of individuals; it has many impacts on the nature of buying patterns adopted by individuals.
  • Pages: 4
  • Words: 1423

Three perspectives in the organisational theory

Since one of the primary reasons why the Tecoma residents feel that they should not have a McDonald's restaurant in the neighbourhood is the littering that usually accompanies the organisation's outlet locations, one way to [...]
  • Pages: 13
  • Words: 3459

Starbucks: Decision Maker’s Functions

First and foremost, it is important to provide the decision-maker with more than just the statistics and evidence gathered from the potential consumers. Ultimately, it is important to make an informed decision that benefits the [...]
  • Pages: 1
  • Words: 316

Buying Process: Decision-Making

In addition to the above points, the purchase of a smartphone was accompanied by the process of searching for information about the product.
  • Pages: 10
  • Words: 2762

Making a Decision to Do Business Abroad

It is essential to ensure that the company's product or service meets the cultural requirements and interests of the country and, simultaneously, does not contradict government regulations.
  • Pages: 1
  • Words: 405

A Theory’s Practicality in Business

To continue on the reasons to support this position, in many instances, theories' status as a practical approach to problem-solving can be explained with reference to their ability to expand the decision-maker's horizons and inspire [...]
  • Pages: 2
  • Words: 638

Neuroscience of Decision-Making

The mentioned problem is the subject of the TED talk The Neuroscience of Decision-Making by Kimberly Papillon. In the case of people with a bias toward racial belonging, these parts are activated in different ways [...]
  • Pages: 1
  • Words: 395

Elastic and Inelastic Demand and Pricing Decisions

Thus, the value of marginal analysis is that it allows to examine the additional costs and benefits of a certain operation, and the results of this examination should serve as a basis for future pricing [...]
  • Pages: 4
  • Words: 1152

The Role of Data in Business Decision-Making

One can use such data to substantiate the decision-making process based on the review of performance in the previous accounting period. Deciding to follow the same principle and direction within an organisation would be a [...]
  • Pages: 1
  • Words: 279

Data Analysis Techniques for Decision Making

Complex data sets can be assessed with the use of factor analysis, cohort analysis, cluster analysis, time series analysis, multiple linear regression, simple linear regression, moving averages, and straight-line.
  • Pages: 2
  • Words: 585

The Planning and Decision-Making Concepts

The more variables are involved, the higher is the probability of the accuracy of the estimate. The value of planning and decision-making can be described from a biblical perspective.
  • Pages: 2
  • Words: 553

Researching of Behavioral Economics

Behavioral economics is an analysis methodology that explores the effects of psychological, cognitive, emotional, cultural, and social factors on the decisions of individuals and institutions.
  • Pages: 2
  • Words: 542

Emotional Intelligence and Emotional Management

Viewpoints on emotional intelligence as a trait and an ability have some conceptual differences, but both perspectives suppose that it is an essential element of business decision-making, as illustrated by the successful career of Warren [...]
  • Pages: 2
  • Words: 570

FRTech: Decision-Making Process

The allocation of figures in regard to market decision-making and the designing of products had taken a disproportionate amount of time in the round.
  • Pages: 9
  • Words: 2527

Aspects of IT in Decision-Making

Google is connected to the market as it not only manufactures the devices but provides users with a search system and advertising opportunities.
  • Pages: 4
  • Words: 1220

Estimated Travel Costs for Two Graduates

For Mike and Josh, that would be the cost of the tickets there and back, the hotel, the food, the souvenirs, and the leisure activities such as sightseeing. Based on the criteria of money, it [...]
  • Pages: 1
  • Words: 378

A Decision-Making Process at the Workplace

This essay seeks to analyze the aforementioned workplace decision, the process of decision-making, the degree of success, and the process the student would initiate in the same scenario as a leader.
  • Pages: 3
  • Words: 886

Discussion of Decision Matrix Analysis

To ease the managing of the brick-and-mortar business, intelligent systems and cloud computing are suggested. In both the short and long term, it will be necessary to carefully weigh the costs and advantages connected with [...]
  • Pages: 3
  • Words: 844

Decision-Making in a Workplace

I was chosen as the leader of the group to champion the rights of the other employees within the organization. The theories of justice and virtue can be essential to assessing the decision to make [...]
  • Pages: 4
  • Words: 1003

Economic Data in Business Decisions

In their study, the authors focus on assessing the impact of big data, obtained through the analysis of available economic information, on the management aspects of businesses and the possibilities of their transformation.
  • Pages: 7
  • Words: 2138

Elements Involved in Decision-Making

The decision-making process involves a number of elements, and the most basic and crucial ones among them include the necessity of decision, orientation towards the future, conscious process, and choice between more than one alternative.
  • Pages: 2
  • Words: 562

Review of Modern Data Analysis Trends

On the right hand, contemporary data analysis presents chances that can be leveraged to improve current organization practices by growing the business, making life efficient, and helping in worthwhile causes.
  • Pages: 5
  • Words: 447

Discussion of Supply and Demand

When it comes to entering the market with the goods for the purchasers' consumption, the one theory that specialists often take to is the supply and demand theory.
  • Pages: 1
  • Words: 404

Multi-Criteria Decision-Making Techniques

The article represents an overview of other literature on methodologies and criteria used in supplier evaluation and selection process, which is believed to be one of the vital components of a successful operation of a [...]
  • Pages: 1
  • Words: 313

The Business Conflict: Red-Holdings Case

A similar situation characterized the agreement between Red-Holdings and Bluelands, who agreed in writing to retain the commercial offer and price of $150 million for the sale of the Miami Beach site.
  • Pages: 2
  • Words: 637

Decision-Analysis and Problem-Solving Techniques

The study will largely uncover crucial aspects and decision techniques while critically examining each of them to ascertain the workability of the techniques, especially within the UAE context.
  • Pages: 7
  • Words: 1948

Problem Solving Aspects in Business

In the fifth step, it is necessary to develop an action plan to solve the problem and implement the solution. The sixth step is to implement the plan and take action that will lead to [...]
  • Pages: 1
  • Words: 333

Change Management and Decision-Making

The rapidly changing situation in the market of goods and services forces organizations to adapt efficiently and quickly. The surrounding reality is in a state of constant shift: the demands of internal and external customers [...]
  • Pages: 1
  • Words: 345

Data Use and Validity in Business

The use of research data and statistical information in business is one of the key aspects of informed decision-making and analysis.
  • Pages: 1
  • Words: 294

Healthy Hiring: Ecommerce Help Wanted

The case in the section is a common dilemma on which skills are the most important for a systems analyst. Due to the expertise and difficulty of learning, managers should prioritize programming skills over business [...]
  • Pages: 1
  • Words: 387

Tips to Improve the Decision-Making Process

The process requires the collection of available information, development of different options, review of pros and cons, and commitment to a decision based on the established goals.
  • Pages: 1
  • Words: 282

Nike: COVID Implications and Possible Solutions

The switch from purely athletic apparel to sports clothes with a twist of hip-hop fashion that Nike was experiencing was the most significant change that allowed the company to become one of the most famous [...]
  • Pages: 5
  • Words: 1489

Decision Making in Organizations

Thus, it is essential to remember that the context of decision matters and circumstances play a vital role when evaluating approaches to decision making in business.
  • Pages: 1
  • Words: 303

Predictive Modeling Fundamentals and Decision Trees

In this case, clinical conditions, the history of the utilization of particular services, and the general costs of interventions are used as features, while responses are the data used to observe the desired outcomes. Decision [...]
  • Pages: 2
  • Words: 562

A Bias of Screening Study by Lagziel and Lehrer

The rest of the paper provides a screening model, beginning with the robustness of the involved biases. The second one is that the decision-maker utilizes a threshold strategy in the selection of elements.
  • Pages: 3
  • Words: 853

XYZ Company: Operations Decision

Under perfect competition, XYZ Company will be a price taker. This implies that it will not have control over the price prevailing in the market.
  • Pages: 4
  • Words: 1159

Ethical Decision Making and Information Technology

Recommendations for effective, ethical decision-making in driverless vehicles are the use of natural language to interpret the rules which determine the actions of the vehicles before and during crashes, and rational ethics.
  • Pages: 8
  • Words: 2437

MYOB Software Contribution to Business Decision-Making

MYOB products contribute to all kinds of business management decision making: operational, financial, strategic, and tactical, allowing companies to make informed choices and address their specific business needs.
  • Pages: 1
  • Words: 298

Regression Analysis in Business Analytics

It relates to the fact that an outlier affects the slope of a regression of Y versus a single X. On the one hand, an outlier can make no difference when it has extreme values [...]
  • Pages: 2
  • Words: 559

Forecasting Strategy of Seven Cycles

The purpose of this paper is to discuss the way Seven Cycles utilizes its forecasting strategy and the effect it has on its organizational decisions.
  • Pages: 1
  • Words: 338

An Analysis of Pay Policies

The decision to pay above the market rate can be motivated by employers' desire to increase efficiency and retain employees for longer periods of time.
  • Pages: 1
  • Words: 293

Decision Making and Benefits: Cincinnati Flow Technology

The following case study is a review of the importance of analysis of relevant costs for decision making. Therefore, to carry out the analysis of costs associated with production of pumps, only incremental should have [...]
  • Pages: 2
  • Words: 560

Analysis of Law Decision Making

This company has presented an estimated budget of $ 450, 000 but on the condition that any additional cost would be taken in by company A, Michael has to make a decision on the best [...]
  • Pages: 2
  • Words: 653

Decision-Making and Global Implications of Perceptions

The decision-making process begins with ascertaining the decision-maker and participant followed by minimizing potential discrepancies regarding the delineation of the problem, its prerequisites, objectives, and yardsticks.
  • Pages: 2
  • Words: 658

Decision-Making in a Multinational Environment

The main objective is to minimize costs while at the same time increasing benefits to the organization. The difference between the two costs is what forces one to leave one alternative and choose the other.
  • Pages: 3
  • Words: 971

Survey of Local Services

This change in America's demographic structure has resulted in the emergence of various agencies whose role is to care for the aging in the society. The agency is committed to providing quality life for the [...]
  • Pages: 3
  • Words: 828

A Decision of Uncertainty

The aim of this paper is to review the decision-taking tool from the perspective of uncertainty, and by the means of calculating the credibility of the possible outcomes.
  • Pages: 3
  • Words: 796
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