StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Managing under uncertainty - Essay Example

Cite this document
Summary
MANAGING UNDER UNCERTAINTY Institution Instructor Date Abstract The art or science of choosing an option against a list of options presented to a person describes decision-making process. Making a decision is a cognitive process through which a person settles for a certain option as against a range of set alternatives…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
Managing under uncertainty
Read Text Preview

Extract of sample "Managing under uncertainty"

Download file to see previous pages

However, man is governed by some social structure, economic setups or even cultural moral and ethics that dictate the decision making process. Social sciences have developed models and theories through which the decisions made by an individual can be analyzed and understood. Being ethical or better still making ethical decisions is the ability to choose between options that are presented guided by personal respect, trustworthiness, fairness, responsibility good citizenship and caring attitude.

Instances come up when in general reasoning, any decision to be taken which in other instances are regarded badly may present the fairest deal ever. Persons are as well presented with the opportunity of testing the appropriateness of any decision made by subjecting them to the models and theories prior to making the decisions. This paper therefore intends to critically analyze through reflection the process of decision making through which a person makes a decision though the outcome is not satisfying to his.

We shall; use a case study of a decision that I made while at classroom. Presented with an option of doing anything under the cover of invisibility different people would act differently. However, the power of decision-making is pegged on more than personal gratification principle. Since time immemorial, human beings have had the capacity to be guided by instincts while making decisions. Human socialization too has taken a great way in shaping human interactions as far as decision-making is concerned.

My case study analyzes a decision that I made while at class in my lower grades of learning. It was during the examination period when we were all preparing to have a class examination. I was inadequately prepared for the exam and I knew that I would not perform satisfactorily in the paper. Other people as well felt inadequately prepared to sit for the exam and everybody was busy designing the means through which he/she would pass. Though I understood the repercussions that would allow cheating in an exam, I was persuaded by my fear to take the risk and try cheating for the paper.

I made a decision to do a summary of the critical points that I had not understood in class and carry them through small papers into the exam room. This entitled me to passing the paper when presented within those questions. Nevertheless, by following ethical reasoning as well as moral consideration, I overlooked the instincts. However, even after sneaking the papers into the exam room, I never managed to copy successfully as the teacher spotted me. After the confiscation, I was ordered to leave the exam room and I was suspended from school as a punishment for the offense.

Moreover, the offense led to my disqualification to proceed to the next grade with the rest of the class through which I regretted most. The decision to carry with me the written papers with a motive to cheat through the exam had initially presented a satisfying solution to my problem of inadequately prepared for the paper. I took the decision as it presented the highest chances of solving my problem and seemed the most appropriate among the other options that were. My fears were overcome by ascribing to the reasoning of passing the exam through cheating.

I had the option of preparing for the paper in advance or better still just write whatever I had in mind instead of choosing to cheat in the exam. However, my rational thinking directed my choice to

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Managing under uncertainty Essay Example | Topics and Well Written Essays - 2000 words - 1”, n.d.)
Retrieved from https://studentshare.org/management/1476914-managing-under-uncertainty
(Managing under Uncertainty Essay Example | Topics and Well Written Essays - 2000 Words - 1)
https://studentshare.org/management/1476914-managing-under-uncertainty.
“Managing under Uncertainty Essay Example | Topics and Well Written Essays - 2000 Words - 1”, n.d. https://studentshare.org/management/1476914-managing-under-uncertainty.
  • Cited: 0 times

CHECK THESE SAMPLES OF Managing under uncertainty

Choice of the Managing Director

Hofstede also propounded one more cultural dimension that is uncertainty Avoidance.... The uncertainty Avoidance Index of a culture states as to what extent the people in a culture are comfortable with the anxiety and stress associated with the ambiguity inherent in the future (Hofstede 1996).... Vietnam has a low uncertainty Avoidance Index of 30 which means that the Vietnamese hate uncertainty and are mostly willing to do away with strict norms and principles in favour of ease and certainty (Tuan & Napier 2000)....
4 Pages (1000 words) Essay

Investment appraisal under uncertainty

Investment Appraisal under uncertainty 4th December 2012 Capital budgeting decisions Real option valuation Real option valuation is a form of capital budgeting techniques that applies option valuation technique to value the future worth of an investment portfolio.... The most appropriate tool to be used in uncertainty cases is using real option as a technique to assess investments for contexts with high market, technical and technological uncertainty (Billington, Johnson & Triantis 2002)....
5 Pages (1250 words) Essay

Individual Case Study Analysis

The Assistant Language Teachers (ALTs) from the UK, US and Canada have come into conflict with a supervisor and alienation from the staff at the Soto Board of Education, in the course of their service under the Japan Exchange and Teaching (JET) Program.... Higashi's orders were apparently inconsistent with the stipulations of the Contract of English Teaching Engagement under which the ALTs were employed, and were felt by them to be attempts to intimidate them into complying with the more onerous work ethic customary of the typical Japanese worker (Lewicki, et al....
8 Pages (2000 words) Essay

Individual Case Study - Managing under uncertainty

Individual Case Study - managing under uncertainty Abstract This report has tried to shed light on the decision making approaches of the two spearheads of aerospace and defence industry namely Airbus and Boeing Airlines Company.... The company was initially incorporated under the name of Pacific Aero products Company, but within one year of operation the name was changed to Boeing Airplane Company....
8 Pages (2000 words) Case Study

Cross Cultural Issues in Tourism and Hospitality

nbsp; “According to Hofstede (1980), cultures can vary along four dimensions to include:individualism-collectivism,masculinity-feminity, high power distance-low power distance, and high-uncertainty avoidance and low uncertainty avoidance”(qt.... An analysis of the cultural differences to understand tourism and hospitality service requirements reveals cross-cultural differences....
8 Pages (2000 words) Term Paper

Decision Making:Personal Case Study Reflection

This is a report about a decision making situation that I encountered when I deputized for my boss who was away on a short-term international assignment.... This was a very trying time because the decision was taken prior to an emergency disaster which required us to take decisive… In doing this, we consulted experts but the bills that were handed down to us were much more than anticipated....
8 Pages (2000 words) Essay

Dealing with Uncertainty

The resistance to change makes it further difficult for… A well perceived change that is set to arise in future, however, reduces the scope of uncertainty and facilitates easy adaptation.... Uncertain situations occur Successful managers and companies accept the fact that uncertainty is an unavoidable factor in business.... As a result, strategic managers and administrators stress upon formulating alternative plans in order to meet with uncertainty....
4 Pages (1000 words) Essay

Establishment of a Freelance Musician

… Establishment of A Freelance MusicianI.... Inroductionreelance musicianamateur artist who play or writes music.... They are mostly classified by their role in creating or performing their own music.... A freelance musician works for different organisations, Establishment of A Freelance MusicianI....
8 Pages (2000 words) Essay
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.
Contact Us