Decision Making Essay Examples and Topics

In the fourth year, the price of AGM batteries remained the same, but I reduced the price for SCs to $15 while making crucial steps to reduce the unit costs to leverage profits.

The decision to sell the business at this price was informed by the following reasons. Selling the business to the highest bidder was the rationale behind the high price.

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 [...]

The idea of market saturation was ignored in his decisions about product launch and closure, which also indicated a problem in the decision-making process.

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 [...]

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, [...]

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 [...]

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.

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.

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.

I discussed the issue of the tablet with my family, and to my surprise, they loved the idea even though no one had acquired a tablet yet in the family.

The choice of one of the three major techniques of group decision making requires a thorough analysis of the business context to discern the factors that assist or hinder the process of consensus achievement.

Sales pipeline is represented in the form of a fraction with the numerator representing the total volume in the pipeline and the denominator representing the sales goal.

It serves to gather and analyze large amounts of data to expand the capabilities but not to replace the course of the initial decision.

According to the article, the most practical approach to a decision is the "method of successive limited comparisons". In this article, the author presents a timeless approach to public-policy decision-making.

Scientific thinking is one of the three styles of critical thinking and it is applied during decision making process in conjunction with the other two which are logical as well as persuasive thinking.

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.

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].

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 [...]

The plan is further informed by identifying the barriers and facilitators to the process and assessment for research evidence of the solutions.

This should not be the case, an individual is supposed to involve him/herself in a career path that they have interest in, work hard and earn as much as they can.

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.

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 [...]

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.

One of the uses of linear programming is to implement it in the scheduling of production processes in large and busy manufacturing plants.

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.

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 [...]

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 [...]

The sales forecast helps the manufacturing unit of the business in determining the amount of the product in question to produce in a given time.

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.

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.

Considering the negative consequences that these systems create, it is unethical to implement them, at least fully, in the process of 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.

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.

One-third of shares of this company is owned by the brother of the TPIC, who is also the vice president of the company.

According to the third principle, an individual should assess every decision in regard to the benefits he will achieve. The totality of an economy's strength influences the marginal costs and benefits linked to the decision [...]

The investigation centered on the O-ring and the SRBs and the statements of the Morton Thiokol engineers who designed the SRBs.

Subsequent operations in the two companies are the focus of the case study. Finally, I will propose solutions to these problems in both the current organization and the two organizations in the study.

In a group situation the quality of solutions is high because when a solution is tabled the other people in that group are given an opportunity to identify the errors in that solution and explain [...]

For Jet Express, an automated car wash located on the Beltway outside of a major Texas city, the choice of whether to construct and install one dedicated car wash line or two parallel car wash [...]

In most companies in which the hierarchy does not imply that the leader is the one responsible for all choice selection, making a decision is a team effort.

It is essential to mention that these questions also allow the manager to assess the impact of the situation on the team and the scope of the problem.

Accordingly, the first step is to identify the problem by analyzing the relationships in the team and then collecting information about the facts.

The advantages of these methods include low development costs, rapid creation, and the ability of executives to properly understand the situation. If the data is complete and stable, some of the causal methods can be [...]

In contrast, if the company decides to replace the old machines with new ones, the salvage value would be defined as the purchase cost of the new backhoes minus the present value of the old [...]

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 [...]

In the case of a lease, the equipment does not need to be thrown away, and capital is not invested in it.

Therefore, the application of a less culture-bound test will eliminate the possibility of unfair and inaccurate results that can be detrimental to the organization.

In addition to the above points, the purchase of a smartphone was accompanied by the process of searching for information about the product.

As a result, environmental sustainability should be at the top of all business initiatives to protect natural resources, enhance bio-diversity, and ensure that everyone thrives in their environment.

The primary purpose of the chapter was to provide detailed information concerning the data collection and analysis to allow replication of the study in the future.

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 [...]

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 [...]

Somewhere in the depths of my soul, I hoped that my parents would take responsibility for the financial side of the issue, but in fact, I perceived their question as a demonstration of trust in [...]

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 [...]

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.

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.

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.

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.

Google is connected to the market as it not only manufactures the devices but provides users with a search system and advertising opportunities.

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 [...]

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.

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 [...]

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 [...]

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.

It is necessary to mention that although the innovation of the production process also includes investing in new technologies, the two directions should not be confused.

The most important circumstance is the availability of information and data that help to analyze the situation and predict the consequences of the decision.

However, the risk of the model lies in the fact that the members of the small group are under the severe impact of those in power.

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.

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.

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.

The decision of the manager at the time was to select people working for the company to transfer to another office due to changes in demand for services because of COVID-19.

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.

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.

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 [...]

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 [...]

The lack of support from the stakeholders will force managers into dismay and, in the worst scenario, being ignored by the stakeholders.

The use of research data and statistical information in business is one of the key aspects of informed decision-making and analysis.

Decision-making on how to deal and cope up with the technological changes will require a cause of action that will mold the internal structure and design to deal with the external forces.

According to Robbins and Wilner, one of the benefits of acting on gut instinct is the fact that it might result in making decisions that one otherwise would not make but that turn out to [...]

She is an atheist, and she is divorced. Ting has a job interview for a position of an engineer in the firm where Harry works, and Harry is her interviewer.

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 [...]

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.

The actual cost refers to the 'actual quantity of input applied in the production of output while the standard price and standard cost are the 'standard' price and quantity that the manager had anticipated.

In this case, the paper intends to discuss on how to address a conflict One day there was a case of crisis within the organization that took several hours to be resolved; however, since I [...]

MCE analysis aids in the implementation of decision-making strategies in order to determine and allow the combination of criteria in the process.

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.

The firm should assess, filter the matters to address, and ignore some, which do not have a significant impact on the public.

However, retirement investment is one of the major financial decision the vast majority of Americans will have to make in the near future.

Finally, a government facing endless challenges during a pandemic and with limited funds may decide to make the best decision in the shortest time.

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.

Due to the possibility of misconfigurations in the management of the construction processes, the outcomes of cyberattacks on construction companies can be dire.

It is important to introduce innovative approaches to marketing, which means that the brand product may need slight rebranding.

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.

In car sales, the style used for decision is intuitive, although it is subject to change depending on the urgency of a decision.

The most important thing for organizations in solving production failures is the adoption of an effective problem-solving approach. When will the production problem occur?

The decision remains with the financial controller of the donor-corporation who is tasked with advising its organisation on whether to grant the funding.

The debt to equity ratio evaluates the quantity of assets in Virgin Australia Holdings Ltd and Qantas Airways Ltd that are financed by debt matched up to equity elements like sustained income and stock sales.

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 [...]

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.

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.

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 [...]

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.

The models of judgment so involved in the making of the deliberate and usually rational choice may be explained by the decision theory.

She is taking advantage of this plus point in her career by performing tasks in the ER which she is not licensed to.

The notion of probability and its main rules are relevant to workplace decision-making and applied to the selection of investment opportunities.

I had to buy bread again, and I selected the same brand because I am satisfied with the taste and quality.

Due to the need to embrace not only the argued point of view but also the opposing one, as well as the multitude of factors that shape decision-making, one should approach the process of structuring [...]

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 [...]

Secondly, the team should be structured in such a way that each of its members is able to evaluate the combined possibilities of achieving the desired results and understand the outcomes of medical intervention.

The fundamental distinction between the types of planning concerns it being strategic or tactical, and in this paper, these two types will be examined along with the analysis of the decision-making process as a whole.

The decision to turn down the invitation will have beneficial effects for Joe, as he will have the prospect of improving his career path thanks to the time available to prepare for negotiations.

Recent years are characterized by increasing awareness of the importance of the quality of both products and services, and the need to have ways to measure and evaluate it.

First, discussing the way decision-making during a fire is affected by such factors as an overload of information, it should be stated that this factor is one of the most important in such a situation.

The four-step process of problem-solving is the best step that can be utilized by Al Tayer to solve problems realized in the company strategy.

Self efficacy determines an individual behavior, and individual preference on the selection of an activity. This stresses the need self efficacy rather than individual ability of a person.

Most successful companies are characterised as: risk lovers, multi decision makers, adaptive to changing market environements, outwardly focussed, innovative in product development and finally are market leaders.

In this case, the underestimation of the alternatives led to the rise of the uncertainties related to the decision-making while questioning the future profitability of the organization.

While the author points to the advantages of both approaches, he ultimately advocates for the use of the second one, which in the context of public administration is less resource- and time-consuming, allows focusing on [...]

Decision-making in organizations is divided into decision management and decision control, and whether or not to separate the two depends on the complexity of firms.