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

MGT Week 3 DB SA - Case Study Example

Comments (0) Cite this document
Summary
This is so due to the fact that good decision making is based on considering all facts by establishing which facts out way the other. For example, in this case study there…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.3% of users find it useful
MGT Week 3 DB SA
Read TextPreview

Extract of sample "MGT Week 3 DB SA"

Management Case Study Management Case Study Respond 1
In decision making either in business in personal matters, it is crucial to separate emotions from facts. This is so due to the fact that good decision making is based on considering all facts by establishing which facts out way the other. For example, in this case study there are various issues to be considered by the yet to be a couple. One is the fact that one does not want to move because of his bad relationship with his family while the other factor considered is the financial issue (Bazerman & Moore 2009). The couple does not have enough money to start a new life to live in new York at the moment hence moving to Pennsylvania will help them to save some money since they will be living with their family. Deciding to live in Pennsylvania was a good decision irrespective of the fact that it will have an emotional impact on one of them. However, being financially stable greatly outweighs a negative emotional impact thus deeming it a good decision to move back to Pennsylvania.

Respond 2
Many people use rational when making hard or simple decisions. Scholars have further dissected the rational people use in decision making to the use of positive illusions and bias availability. This is where one makes a decision based on the bias they have given the decision depending on the consequences they stipulate. For example, in the case study when the person was selecting a service operator he/she depended on the information they had derived from others thus creating a bias that the product was good. This is usually works for many people but should not be used when making serious decisions since the information from which one creates a bias might be totally wrong.
References
Bazerman, M & Moore, D (2009). Judgment in managerial decision making (7th Ed.): New Jersey: Wiley. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“MGT Week 3 DB SA Case Study Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
MGT Week 3 DB SA Case Study Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/management/1622410-mgt-week-3-db-sa
(MGT Week 3 DB SA Case Study Example | Topics and Well Written Essays - 250 Words - 1)
MGT Week 3 DB SA Case Study Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/management/1622410-mgt-week-3-db-sa.
“MGT Week 3 DB SA Case Study Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/management/1622410-mgt-week-3-db-sa.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF MGT Week 3 DB SA

Presentation Essentials DB Week 3

...Public Speaking Public Speaking Public speaking is recognized as the most common form of social phobia. This issue is experienced by people because they perceive that something negative is going to arise if they speak in public, and to avoid experiencing embarrassment, they fear to speak in front of the public (Spitzer, 2002, p.164). When an individual who fears to speak in public experiences anxiety, his body enters the fight or flight mode and in response the heart beat increases along with an increase in blood pressure, and this results in the shallowness of breathing ability (Weissman, 2009, p. XXII). The best way to overcome fear of public speaking is deep breathing as it will help in regaining control over emotions (Brooks... Speaking...
1 Pages(250 words)Essay

MKT Week 3 DB SA

...Case Study: Marketing s 28th June Software for monitoring congestive heart failure patients To begin with, the presentation of this idea is not insightful because the reader cannot easily understand what will be the use of the software, which has not even been named and there are a lot of missing information. For example, it is hard to understand how such software will be used for the purpose of discharging patients as well as doing a follow-up for the patient’s home care and it raises the question as to whether this software will be installed at the patient’s home in order to gather information about his recovery process. Secondly, the presentation was not satisfactorily, because it seemingly appears as if the Elinext Group... Study:...
1 Pages(250 words)Case Study

MGT Week 4 SA DB

...was bounced around family members and did not receive the discipline, encouragement and love he needed. The entire ordeal was an unfortunate situation. In the future instead of avoiding situations it is better to deal with them head on. #3 Choosing a university is one of the most important decisions in a person’s life. The approach used by this person of relying on word of mouth was not well thought out. Word of mouth is a good method to evaluate products, but is not well suited for selecting a university. This technique is susceptible to bias opinions. Being overconfident in the decision making process is also not good. Overconfidence can lead to mistakes (Swedroe, 2010). This person should have looked for the advice...
1 Pages(250 words)Case Study

MGT Week 9 SA

...Paragraph Answer Combined analysis of the articles and comparison and contrast of the materials leads to awareness about what sort of studies are suitable to be carried out in a particular way i.e. qualitative, quantitative, or mixed methodology and what are the suitable ways in each of these methodologies to achieve the objectives of the research. During every research, quantitative and qualitative methodologies are very important factors, to come up with the best results. It provides a clear way to understand the behavior and characteristic of others. When the purpose of the research was to measure the post-merger organizational culture, a survey was the appropriate tool to be used. When a particular question has to be answered... Answer...
1 Pages(250 words)Research Paper

MGT Week 10 SA

...MGT Week 10 SA Paragraph In the focus of the commitment employees have in the operation of the company, there fact of the organizational culture proves important in ensuring that all people are in a position to achieve what they want. Organizational culture influences the conduct of different people in an organization so that it enhances the cooperation between the people involved but this is reinstated by the involvement of the leadership and the role it plays to enhance the employees. Paragraph 2 On another analysis, organizational culture contributes to the participation of employees in an organization because it moderates the relationships that are a important characteristics of a good working environment. Of importance... Week 10 SA...
1 Pages(250 words)Essay

BUS Week 3 DB

...Client’s 12 September Select a Company: Amazon Amazon is a stellar company, hundreds of thousands of products are sold on Amazon each day. Amazon has been using dynamic pricing and it has been working out well for the company. What is the definition of dynamic pricing? Dynamic pricing refers to change in price according to demand of the product. Amazon has been very specifically using this strategy for its DVD market and the returns have been good. It is quite unusual for a company like Amazon to change the price of its products several times in a single day, it has happened in the case of its DVDs. How does the company you have chosen use dynamic pricing? Star Wars the complete saga was sold on Amazon was USD 70 and in the same...
1 Pages(250 words)Case Study

FIN Unit 3 DB SA

...DISCUSSION MODULE Template Part a) The premium of 20% has not been added. Adding the premium shall result in making the deal unfeasible.The deal has initially been shown as feasible. This shall lead to an adverse effect. Fair value premium above market is rather ambiguous. Part b) Another suggestion may have been incorporating foreign investment risks. Part c} The premium of 20% has not been added. Adding the premium shall result in making the deal unfeasible. The deal has initially been shown as feasible. This shall lead to an adverse effect. Fair value premium above market is rather ambiguous. Template 2 Part a) The premium of 20% has not been added. Adding the premium shall result in making the deal unfeasible. The deal has... MODULE...
1 Pages(250 words)Essay

MGT Leadership and Ethics Unit 3 DB SA Second Week

...Leadership and Ethics Number Part Describing the Two Leaders in Term of LPC and Situational Control Mary Kay can rightly be judged as a high LPC individual because she works by being closer to people and mentoring them and nurturing their talents and skills through equally nurtured interpersonal relationships. Bill Gates on the contrary may be passed on as a low LPC because he ascribes worth to social and economic values to performance. As touching situational control, Bill Gates is more concerned about making profit, achieving organisational goals and staving off competition than Mary Kay who also wants to nurture closely-knit intra-organisational relations, alongside Bill Gates’ goals (Nahavandi, 2006). How the Two Leaders... and Ethics...
1 Pages(250 words)Essay

Strategic Management Unit 3 DB SA Third Week

...BCG Matrix Market growth Market share Source: http www.bcg-matrix.com/ a) The stars – high market share and high growth rate b) The cash cows- market share is high but growth rate is low. c) Question mark- low market share but high growth rate d) Dogs: low market share and low growth rate Based on the information provided in the matrix above, it can be seen that the BCG matrix is a reliable strategy for companies in as far as their operations are concerned. For instance, Cadbury Chocolate milk can be regarded as cash cows. This industry is mature and it is comprised of stiff competition. Therefore, it is wise to generate a high market share given that the growth rate is now low. This helps the company to be in a better position... Matrix...
1 Pages(250 words)Essay

Strategic Management Unit 3 DB SA final Week

...March 30, 2014 from https://www.boundless.com/marketing/marketing-strategies-planning/strategic-views/bcg-matrix/ David, F. R. (2005). Strategic Management: Concepts and Case. 3rd ed Pearson/Prentice Hall, 2005. Hubbard, R., Vetter, D. E., & Little, E. L. (1998). Replication in strategic management: Scientific testing for validity, generalizability, and usefulness. Strategic Management Journal, 19(3), 243-254. McClurg, C. (2013) The Boston Consulting Group Matrix of Growth &Fruit. Retrieved March 30, 2014 from http://www.missionadventures.net/storage/The%20BCG%20Matrix.pdf Medicos MBA. (2014).Boston Consulting Group (BCG) matrix. Retrieved March 30, 2014...
1 Pages(250 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.

Let us find you another Case Study on topic MGT Week 3 DB SA for FREE!

Contact Us