Free

Discussion Topics for Management Course - United States - Essay Example

Comments (0) Cite this document
Summary
Decision-making is an important practice in business management and administration, something that propels business to success or failure depending on how the decisions are made. Good decisions in the management process enable businesses to make good use of resources in…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.2% of users find it useful
Discussion Topics for Management Course - United States
Read TextPreview

Extract of sample "Discussion Topics for Management Course - United States"

Making Businesses Decisions Introduction Decision-making is an important practice in business management and administration, something that propels business to success or failure depending on how the decisions are made. Good decisions in the management process enable businesses to make good use of resources in achieving certain goals and objectives (Singh, 2010). Business decisions that are made without regard for set procedures often lead to business failure in its strategies.
In the process of creating competitive advantages, business executives have a duty to ensure that the values of all employees in the business are considered when making certain decisions. In this case, employees feel motivated and increase their dedication business practices, something that enhances its chances of success and quality outcomes.
Business decisions under risks or uncertainty
It is important for business executives to understand that risk and uncertainty are not actually similar. Uncertainty often concerns possible results and outcomes, which are not known to the business managers. On the other hand, risks can be described as certain kinds of uncertainties that involve actual probabilities of loss for various outcomes (Ferrell & Fraedrich, 2005). In this case, it is evident that situations involving risks can be accounted for easily as compared to those involving uncertainties.
The process of making decisions based on risky conditions has to seek, where possible to provide a definite identification of risks, quantifying and absorbing them. In this case, business executives have to understand that the quantity of a risk is often equivalent to the total of all the probabilities relating to the particular risky outcome, alongside the expected loss from the outcome.
From the foregone discussion it is evident that business managers are better placed to account for the management outcomes that are made under risky situations that those involving certainties. One of the most important aspects of a business’ management decision-making process is accounting for the outcomes. Accountability, in this case is needed in the process of making assessments and evaluations, which are important in the growth and development stages of the business (Ferrell & Fraedrich, 2005).
Business managers are expected to avoid uncertainty situations in the business, this is because, they often lead to many losses in the management process. Risky situations can often bring positive outcomes depending on the effectiveness of the decisions made in the business. This is the reason why business managers that make effective decisions over risky situations like the changing external business environment often achieve greater competitive advantages after the success of their decisions. This underpins the preference for making decisions under risky situations as compared to situations involving uncertainties.
SWOT Analysis
JPMorgan Chase deals in the financial market in the United States, offering various banking services to its clients in the US and other countries it has reached. One of the advantages the company has from its SWOT analysis, which gives it competitive advantages, is a stable capital base (JPMorgan Chase & Co., 2013). The company’s adequate capital base has been necessitated by its capital management practices and investment in weighted assets that have moderate risks.
Another important advantage the company has is its diverse business mix, which has made it diverse its risks. The company has six main segments that comprise of investment banking, asset and corporate management, commercial banking and securities and treasury services (JPMorgan Chase & Co. 2013). Additionally, the bank has an established line of business made up of five main areas that include; community and consumer banking, commercial banking, investment and corporate banking, asset management as well as private/corporate equity services.
Normally, a company’s competitive advantages are derived from its SWOT analysis (Fine, 2009). The SWOT is an important tool that helps business to understand its position in the market, though an assessment of its operations. This way, a business can work on its weaknesses and threats to establish competitive advantages that make it successful.

References
Ferrell, O & Fraedrich, J. (2005). Business ethics: Ethical decision-making and cases (6th ed.). Boston: Houghton Mifflin.
Fine, L. (2009). The SWOT analysis: Using your strength to overcome weaknesses, using opportunities to overcome threats. S.l.: Kick It.
JPMorgan Chase & Co. (2013). JPMorgan Chase & Co. - Financial and Strategic Analysis Review. Global Data. Retrieved from, < http://callisto.ggsrv.com/imgsrv/FastFetch/UBER1/788618_GDFS30560FSA> Singh, S. (2010). Handbook of business practices and growth in emerging markets. Hackensack, NJ: World Scientific. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discussion Topics for Management Course - United States Essay”, n.d.)
Discussion Topics for Management Course - United States Essay. Retrieved from https://studentshare.org/human-resources/1663748-discussion-topics-for-management-course-united-states
(Discussion Topics for Management Course - United States Essay)
Discussion Topics for Management Course - United States Essay. https://studentshare.org/human-resources/1663748-discussion-topics-for-management-course-united-states.
“Discussion Topics for Management Course - United States Essay”, n.d. https://studentshare.org/human-resources/1663748-discussion-topics-for-management-course-united-states.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Discussion Topics for Management Course - United States

Responses to Discussion topics

...be prioritized since it can precipitate to more biological problems (Friedman, 1966). In fact, his chronic alcohol drinking already poses a significant health threat. Lastly, social assistance for the patient should focus on gaining support from the people in his environment including family members especially his wife to facilitate an improvement not only in his presenting problem but in his current status in general (Bromley et al, 2013). Chapter 7 Q1. Depression has been referred to as "the common cold" of mental disorders. Discuss why this is so; be specific with prevalence rates. In psychiatry, depression has been referred to as “the common cold” primarily because of its high prevalence rate worldwide. In the...
5 Pages(1250 words)Assignment

Literature Discussion Topics 2:

...and enslavement of so many Indians. I was astounded to find out that "within four years of Columbus arrival on Hispaniola, his men had killed or exported one-third of the original Indian population of 300,000" (Weatherford, n.d), and that within another 50 years, the Taino Indians were made extinct, partly because of him. I was also surprised to find out some comments and remarks about him, such as: " Columbus makes Hitler look like a juvenile delinquent", said by American Indian activist Russell Means, his being " a murderer, a rapist, the architect of a policy of genocide that continues today", stated by historian Glenn Morris, and being responsible for a continuing history of " oppression, degradation, and genocide",...
2 Pages(500 words)Essay

Literature Discussion Topics:

...Apess and Seattle Both William Apess and Chief Seattle were known as powerful orators during the 19th century. Both speaking from a Native American standpoint and both speaking about the plight of the Native Americans in the wake of the increasing spread of white people, each of these men had similar concerns at heart at the time they made their more famous speeches. One of the common characteristics of each of these men’s speeches is the use of rhetorical questions asked throughout. In each case, the speaker used rhetorical questions to focus attention upon the point being made, whether it was the treatment of the Indians by the white men argued by Apess or the cultural differences that existed between the Indians... and Seattle Both...
2 Pages(500 words)Essay

Discussion Topics

...Discussion Topics Discussion Topics Pivotal decades symbolize periods of revolution. Almost every country has experienced a type of revolution. The United States experienced technological, economic, social and political revolutions that vastly affected the country (Charlie, 1998). Most of the revolutions materialized in the period of 1900 to 1920. In this essay, pivotal decades and savage peace will be discussed in relation to 1900-1920 and there historical significance to the United States. The first two decades of the 20th century are pivotal since the Americans fought their first ever...
1 Pages(250 words)Essay

Discussion Topics

...Discussion Topics “Fear” was on the minds of Americans from 1920 to 1945. In particular, most Americans feared the great depression. According to Romer, America experienced the worst depression a few days before president Roosevelt became the president (767). The great depression is likely to have resulted from the era of prosperity, which was unequally distributed. During this era, banks failed leaving millions of people without savings. In addition, factories closed down forcing people into unemployment. The tariff act of 1930 is considered as the worst mistake that Americans ever made. The act was meant to raise taxes as a strategy to cut down on people’s spending and hence increase the recovery...
1 Pages(250 words)Essay

Discussion Topics

... of Mrs. Sparks, even if she got arrested for it, helped bring about tremendous change in the life of African Americans. Thanks to Mrs. Sparks and other like her who fought for the recognition of black people, the white people stopped treating African Americans as lesser individuals and instead, the “white” society started treating “black people” as equals. African Americans were given the rightful privileges due to them as citizens of the United States. Works Cited: The Gilder Lehrman Insitute of American History. (Producer). Anthony Badger on the Civil Rights Movement. Historians on Postwar America. Podcast retrieved from http://old.gilderlehrman.org/institute/era_present.php... Expectations I think the most significant challenge of this...
1 Pages(250 words)Essay

Discussion Topics

...ESSAY, HISTORY AND POLITICAL SCIENCE; DISCUSSION TOPICS al Affiliation Grade A specific challenge that confronted theUS in 1974-1999; its impact on the nation and the contribution to America being a ‘‘restless Giant’’ Economic war: Between 1974 and 1999 there was economic competition between U.S and U.S.S.R. which led to the cold war. US focused on the economic recovery and improvement of the defense forces. This enabled American rose in power and became the superpower after the break-up of the U.S.S.R. in 1991. However, the enmity between the US and the Middle East countries increased leading to the American hostages e.g. Iran hostage crisis. The United States began to monitor the affairs of the rest of the world; economically... Iraq, and...
1 Pages(250 words)Essay

Discussion Topics

...Discussion Topics Discussion Topics The health sector is faced numerous issues in various areas such as politics and managerial conflicts. For an organization to prosper, there should be a well established chain of commands (Johnson, 2008). In the health sector, an important role model is the manager who is the team leader. Managers interact with other individuals outside the organization in an attempt to gain more ground and reach out more. There are also supervisors whose oversee the tasks carried out by the employees and maintain daily routines. Supervisors and managers need to work as a unit and...
1 Pages(250 words)Essay

Discussion Topics

...Discussion Topics Topic The founding fathers came up with the idea of dividing powers to ensure that the libertiesof the people are not vulnerable. Different institutions had to bear certain responsibility in different areas to set effective governance. The different branches of the government and different institutions could only achieve this. It regulates the course of governance; keeping the government from moving in contrary to the founding principles. Different institutions holding power is the basis of a republic and any democratic nation (Beard & William 82). In the age of warfare and nuclear weapons, this system is appropriate to ensure that power is not abused...
2 Pages(500 words)Assignment

HR & Communication in Projects - Weekly Discussion Topics

...HR & Communications in Projects - Weekly Discussion Topics HR & Communications in Projects - Weekly DiscussionTopics There are a number of attributes that are considered to be important to a project manager as pertains to the building up of a team. One of these qualities is communication. A project example of the importance of this attribute is that it is important for project manager to communicate in a clear manner as quality written or verbal communication skills will serve to allow these project managers to be able to present the team’s expectations to its members in a manner in which these members can be able to understand. Bad communication can...
2 Pages(500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Discussion Topics for Management Course - United States for FREE!

Contact Us