Home > Free Essays > Business > Decision Making

Decision Making Essay Examples and Topics

An Intelligent Decision Support System

Decision support systems or just DSS could be defined to be the empirical application of computer software programs in order to break down and analyze an array of business data through the processes of data [...]
  • Pages: 3
  • Words: 1061

The Importance of Business Intelligence Industry

Creative agility on the part of Procter and Gamble will be critical to the launch of the new product and this includes creativity in promotion and advertising, reaching the target consumers, packaging, outwitting the competitors, [...]
  • Pages: 6
  • Words: 1777

Accounting Standards for Decision Making

To ensure this, International Accounting Standards have been highly applicable in the two countries, to ensure reliability of the shareholders to the accounting information.
  • Pages: 3
  • Words: 876

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

Decision Support Systems in Business Strategies

First of all it is necessary to mention, that there are numerous advances to decision-making and as of the wide range of areas in which conclusions are made, the perception of decision support system is [...]
  • Pages: 1
  • Words: 246

“Breaking Out of the Innovation Box” by J. Wolpert

As a solution to this problem, Wolpert suggests the concept of "innovation brokers" agents who would work with other companies under the contract of nondisclosure and enable cooperation and inter-corporate development, which is presented as [...]
  • Pages: 2
  • Words: 615

Creativity in Knowledge Sharing and Utilization

Members would be free to propose ideas based on their knowledge, and afterward, the management could combine the best ideas and ask the people who proposed them for further clarification.
  • Pages: 1
  • Words: 288

The Effectiveness of an Important Decision

The main goals of this paper are to discuss this issue, referring to examples from real life and apply specific steps for evaluating the effectiveness of an important decision that is made quickly and frequently.
  • Pages: 2
  • Words: 662

Strategy and Managerial Decision Making

Decision-making plays one of the key roles in a company's operation: it assists in utilizing the resources that are normally used as a means to achieve the initially set goals. Naturally, the faster is the [...]
  • Pages: 3
  • Words: 940

Decision-Making and Manager-Employee Relationships

The process of decision-making implies the consideration of all possible objectives and selection of the one that seems more beneficial than the others in this or that situation. Finally, I consider it is necessary to [...]
  • Pages: 2
  • Words: 294

Decisions in Paradise: Factors and Planning Issues

As one of the managers, who contributed to the decision-making and planning of the company, the challenging task I had was to establish the existence and operations of the organization in Kava.
  • Pages: 4
  • Words: 1150

Cost-Benefit Analysis, Its Strengths and Weaknesses

This paper examines the strengths and weaknesses of utility maximization, which is a key tenet of the CBA, through an inclusion of different analytical perspectives, such as ethical thought and the practicality of implementing it [...]
  • Pages: 4
  • Words: 1150

Implicit Costs Involved in Decision-Making

Besides spending a lot of time studying, I had to part with the explicit cost in the form of school fees. In summary, the implicit cost of proceeding with education at the university was very [...]
  • Pages: 1
  • Words: 332

Game Theory in Business Decisions

In case the competitors are reluctant to cooperate, the manager will have to change the 'game field' and offer products or services of higher quality.
  • Pages: 3
  • Words: 479

Decision Tree for Locating Expansion Opportunities

Despite the fact that, when choosing between the real estate and the real franchise, the decision based on the profitability of the former option is obvious, further analysis of the associated risks shows that the [...]
  • Pages: 2
  • Words: 262

Judgment in Managerial Decision-Making

The decision was influenced by the patient's insistence, absence of the physician, my personal judgment regarding the importance of helping the patient, and ignorance of the dangers associated with defying a physician's recommendations.
  • Pages: 8
  • Words: 2185

Decision Process in Grocery Business Launch

The idea was to manage the business and stay in the house. Thus, the decision to purchase a house became the foundation of the decision problem that this paper describes.
  • Pages: 2
  • Words: 682

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

Quantitative Methods for Business Decision Making

The expected completion time of the project is 40 weeks while the variance of the critical path is 9. The probability that completion of the project will take longer than 40 weeks is calculated using [...]
  • Pages: 2
  • Words: 587

Decision Making and Critical Thinking

When making a certain decision, it is important to consider all the involved elements in order to achieve the desired results and avoid consequences that would affect either party in a negative manner.
  • Pages: 2
  • Words: 638

Defining Moments: When Managers Must Choose?

The redeeming quality here is that ethical values tend to have the same elements in all places across the globe. In some cases, I have found that it is better to adjust my outlook to [...]
  • Pages: 7
  • Words: 2200

Judgment and Decision Making in Engineering

As a core competency in leadership, decision-making is the logical approach to the dissemination of guidelines and a stringent measure in how order, power, rationality, identity, and decision intelligence play a role in rule-following and [...]
  • Pages: 8
  • Words: 2220

Situational Awareness and the Decision-Making Process

Therefore, part of the recommendation is to have a mechanism for incorporating the view of other stakeholders in decision-making in a way that does not delay the process as a remedy to prevent bias. I [...]
  • Pages: 6
  • Words: 1761

Group Decision-Making and Related Challenges

When it comes to problems associated with the process of group decision-making, it is important to pay close attention to the situation of decision-makers and their knowledge levels.
  • Pages: 2
  • Words: 582

IPhone 8 Purchase Motivation Analysis

Belonging is greatly promoted by establishing a sense of connection through the provision of various methods of communication with friends and family, contributing greatly to forming relationships in the long term.
  • Pages: 4
  • Words: 1001

Project Risk Management and Decision-Making

It scrutinizes the impending threats, the probability of adverse effects bound to come, the level of interferences, financial implications, and the effect of decision making at the time.
  • Pages: 2
  • Words: 987

Kava Island for Business: Decision-Making Process

Based on the solutions we formulated earlier on and the current situations, it is quite evident that these should be in favor of both external stakeholders and factors that best benefit the people of the [...]
  • Pages: 8
  • Words: 933

Critical Thinking, Mission and Leadership Statement

This is because it consists of a detailed guideline that takes into consideration all the factors in the environment that may influence the goals, missions, and leadership statements. The position of a leader that I [...]
  • Pages: 4
  • Words: 1152

Legal and Ethical Scenarios of Decision Making

The standard of ethical conduct states that in cases similar to that of Generic Pharma the FDA employee in question should inform his agency and receive authorization for proceeding with the activity. She should be [...]
  • Pages: 3
  • Words: 834

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

Choice Experiment: Individual Financial Decisions

In the study, this factor is measured in two questions concerning the following attributes: investment decisions, patterns, risks, potential gains, the period of starting saving, changes in the amount of savings, the selection of retirement [...]
  • Pages: 7
  • Words: 1942

Australian Airline Qantas Decision Making

Although the program is acknowledged to be the company's most precious resource and could help the airline to earn funds, the decision is most likely to have certain drawbacks which might entrain the opposite effect [...]
  • Pages: 4
  • Words: 1135

Decision Leader in the Global Marketplace

It is commonly believed that heuristics are not effective for decision-making because the business sphere is in the constant process of numerous changes and those methods that were employed in the past may not suit [...]
  • Pages: 9
  • Words: 2522

Agency Decision-Making Processes and Outcomes

Therefore, as much as the agency has the licensing power to revoke a license it has to observe the due process and since the waste management firm does not pose any threat, it can challenge [...]
  • Pages: 4
  • Words: 1432

Amalgamated Playthings: Decision Tree

The chances are high that the only condition under which there will be no competition for the API company is if the movie is a flop and W&G company decides not to make a release [...]
  • Pages: 5
  • Words: 812

Brainstorming, Nominal and Delphi Decision-Making

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.
  • Pages: 4
  • Words: 1101

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

Emotional Intelligence and Effective Leadership

In terms of the assessment of my personality, it portrays that a have to pay critical attention to the emotions and feelings of other individuals, as disregarding them will question my leadership and abilities to [...]
  • Pages: 5
  • Words: 1429

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

Customer Decision Making in Shopping Malls

The main objective of this particular research is to better inform the Australian Westfield Shopping mall's marketing department and manager of the changing consumer trends.
  • Pages: 9
  • Words: 2569

Systems Thinking Role in Sustainability Challenges

The rapid evolution of science and technical devices gave rise to a number of various concerns and resulted in the increased complexity of the patterns according to which the most important activities were organised.
  • Pages: 7
  • Words: 2037

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

High-Tech Corporation Decision Making

The managers of the organization believe that job satisfaction is one of the most influential factors in production as the more content employees are the more likely they are to pursue the goals of the [...]
  • Pages: 2
  • Words: 615

The Principles of Decision Making

They are always independent and original in their thinking and operations. They like orderly steps and systems that allow them to employ their skills.
  • Pages: 3
  • Words: 893

Decision-Making Process

The option to stay in the current company, finish my Bachelor's degree, and then go for a Master's degree with the reimbursement from my company is the safest option.
  • Pages: 3
  • Words: 1089

Ethical Data Mining in the UAE Traffic Department

The research question identified in the assignment two is considered to be the following, namely whether the implementation of the business intelligence into the working process will beneficially influence the work of the Traffic Department [...]
  • Pages: 3
  • Words: 771

Decision-Making in Government Contractor Selection

The study was driven by the research objectives of analyzing the application of multi-criteria decision-making process in the construction industry and contractor selection using the analytic hierarchy process.
  • Pages: 22
  • Words: 6047

COALA Company: Ethical Decision-Making Process

For example, they are not rare in business, as the necessity to consider a situation from the ethical point of view and make a decision occurs when one and the same case is perceived from [...]
  • Pages: 3
  • Words: 923

How to Make a Reasonable Decision for a Company?

The decision to stop the production line and make the changeover is not appropriate for the company because the production process is almost finished, and only one week is needed to complete the standard run.
  • Pages: 2
  • Words: 549

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

Decision Making Under Uncertainty Situation

The concept of probability, in this case, uses the assumption that the extent to which an outcome was likely to occur or occurred in the past can recur in the future.
  • Pages: 4
  • Words: 1165

Data Envelopment Method in Decision Making

This study aims to investigate the use of data envelopment analysis to evaluate their use in the relative efficiency of decision-making units in the manufacturing industry with a specific focus on the Malmquist Taiwanese productivity [...]
  • Pages: 4
  • Words: 1120

Finance-Related Managerial Decisions

This may require the company's organizing committee, shareholders and managers sitting down to discuss the prevailing issues in the company. This is where the sales and marketing department come in to assist decision makers to [...]
  • Pages: 2
  • Words: 644

King Hussain Hospital’s Decision-Making Issue

Factors that influenced the decision included the state of the patient's health, previous outcomes of similar emergency operations, superficial analysis of information, nurses' responsibility to the wellbeing of the patient, emotional thinking, limited time, and [...]
  • Pages: 6
  • Words: 1481

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

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

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

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

Problem Solving Process at the Workplace

It is possible to mention that the first solution may be the most optimal decision, if the managers of the new company agree to postpone the start of my career in this organization. This is [...]
  • Pages: 5
  • Words: 1390

Critical Thinking Benefits in Decision-Making Processes

It is the purpose of this paper to provide an example of critical thinking application at the personal level in addition to critically discussing the importance and benefits of critical thinking in decision-making processes.
  • Pages: 4
  • Words: 1191

Decision Tree Analysis in Project Management

The resulting solution is a classification because the data set used in a decision tree known to the user. In establishing a cluster, it is evident that the number of clusters is of a given [...]
  • Pages: 4
  • Words: 1160

Consumer Product Safety Commission’s Database

The function describes the operations of agents charged with the responsibility of coordinating efforts in the firm with the aim of achieving the set goals in an effective and efficient manner.
  • Pages: 12
  • Words: 3333

Automotive Industry: Participation in Intra-firm Communities

The article "Participation in Intra-Firm Communities of Practice: A Case Study from the Automotive Industry" identifies the major incentives that can encourage more engineers to share their experiences in intra-firm communities of practice.
  • Pages: 2
  • Words: 555

Visit to the Mount Everest: Team Project

The leadership skills demonstrated by the leaders, the understanding of diversity that is witnessed within the group, and the ability of the individuals members of the group to relate with each other are some of [...]
  • Pages: 8
  • Words: 2434

Decision Making: Concepts and Practices

Finally, the process of decision making includes assessment of the effectiveness of the model applied to the problem. As suggested in the study by Ornstein and Lunenburg, "Decision making [is] universally defined as the process [...]
  • Pages: 5
  • Words: 1357

The PMI Decision-Making Technique

Another benefit of planning for the decision-making process is that a standard of measuring the effectiveness of decisions to be made is defined and established.
  • Pages: 4
  • Words: 1137

How People Make Economic Decisions?

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 [...]
  • Pages: 2
  • Words: 570

Enhanced Decision Making: Agent Technology

In addition, the authors posit that collaborative learning environment and communities of practice are two key areas of knowledge management systems that are embedded in technology.
  • Pages: 2
  • Words: 201

Cross-cultural Management: Decision-Making

It is commonly accepted that the decision-making process includes the definition of the problem, the consideration of the decision criteria and their evaluation, and the selection of the most appropriate decision from the variety of [...]
  • Pages: 3
  • Words: 773

Decision-Making: Quantitative Analysis for Management

To understand the meaning of a decision To investigate the steps necessary to make a good decision To formalize the decision-making process A decision is defined as the conclusion that is made when different alternative [...]
  • Pages: 3
  • Words: 915

Researching, Reporting, Planning

As a result, the London Coffee Company can utilise different sources of primary data to determine the market trends of the new coffee product. Thus, the disadvantages of primary data research affect the validity of [...]
  • Pages: 10
  • Words: 2820

The Complexity of Management

The manager that the decision is passed to may also find it hard to make and leaves it to the highest levels of the organization to deal with it.
  • Pages: 9
  • Words: 2615