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

Decisions, Decisions, Decisions - Essay Example

Comments (0) Cite this document
When I proposed buying a fleet of Volvo's for the Electric Company, my supervisor greeted the proposal with an emotionally charged response. He was very opposed to Volvo and he was firm in his convictions. There was no doubt he believed in his point of view…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Decisions, Decisions, Decisions
Read TextPreview

Extract of sample "Decisions, Decisions, Decisions"

Decisions, Decisions, Decisions When I proposed buying a fleet of Volvo's for the Electric Company, my supervisor greeted the proposal with an emotionally charged response. He was very opposed to Volvo and he was firm in his convictions. There was no doubt he believed in his point of view. However, his process for reaching his decision was flawed by fallacy. The available heuristic he used led him to believe that all Volvos were junk by the anecdotal fallacy (The Fallacy Files 2007).
His brother in law possibly complained vividly and often about the quality of the car and that information stood out in my supervisor's mind. No other information on the Volvo was likely to find such an available spot in his memory. His position was further reinforced by the representative heuristic (The Fallacy Files 2007). Every Volvo he had known had been a piece of junk. Though the fact that he had seen only one Volvo in his lifetime rendered it statistically meaningless, to him it was 100 percent of them.
In making the decision on whether to buy a Volvo or Saab, I would rely on expert testimony. The experts at Consumer Reports would certainly qualify as informed and unbiased experts. I would also rely on the feedback from existing Volvo owners. To convince my supervisor, I would use an appeal to authority argument and persuade the supervisor that these were indeed experts (Nolt et al. 1998 p.199). I would also demonstrate how many Volvo owners are very happy with the car. Though this may be the fallacy of appealing to popularity, my supervisor has shown he is vulnerable to false logic (Nolt et al. 1998 p.201). I would have no ethical problem with this as I am convinced that the Volvo is superior by my own sound reasoning.
The Senior Marketing Manager's Bias
By acknowledging that the candidate for the Marketing Managers position was well qualified, it puts forth the belief that my co-worker was biased. My co-worker may have had an uneasy feeling about hiring someone who has worked for a competitor for so long. However, it seems that this experience would be useful in a marketing department. The masters degree is also a valuable asset. This leaves the bias against either gender or ethnicity.
Assuming that the bias was against gender or ethnic group, it would certainly be unethical. Decisions based on this would not be in the best interest of the firm. Depending on the situation, it may be illegal. If the firm had the minimum number of 15 employees they would be subject it to federal civil rights law, and it would be illegal on the basis of ethnicity or gender (Equal Employment Opportunity Commission 2006).
In this case I would ask for the reasoning my co-worker used to arrive at their decision. If I found their reasoning to be flawed, I would try to convince them with a more cogent and logical argument. If the action were illegal, the interest of the firm would certainly be of greater importance than any respect for misplaced bias. I would confront and refute their objections one at a time using sound arguments and logical decision making processes.
Equal Employment Opportunity Commission (2006). Retrieved January 16, 2007, from
The Fallacy Files (2007). Retrieved January 16, 2007, from
Nolt, J., Rohatyn, D., & Varzi, A. (1998). Theory and problems of logic (2nd ed.). New York: McGraw Hill. Read More
Cite this document
  • APA
  • MLA
(“Decisions, Decisions, Decisions Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Decisions, Decisions, Decisions Essay Example | Topics and Well Written Essays - 500 words. Retrieved from
(Decisions, Decisions, Decisions Essay Example | Topics and Well Written Essays - 500 Words)
Decisions, Decisions, Decisions Essay Example | Topics and Well Written Essays - 500 Words.
“Decisions, Decisions, Decisions Essay Example | Topics and Well Written Essays - 500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Decisions, Decisions, Decisions

Management Decisions

...? Management Decisions Management decisions in a business revolve around value maximization of the stockholders. This is entailed in value maximization theory of macroeconomics. This theory holds that, the interest of the stockholders should be safeguarded; however, this happens to stockholders who have an interest on the firm. Therefore, the right decisions made by the management in a firm, lead to maximization of value in a business or the firm. In addition, it also has a great contribution in the betterment of the economy in a country. When right decisions are made by the firm’s management to maximize value, this is also reflected in the increase of prices of the stock caused by efficiency of markets in the economy. On the other hand...
13 Pages(3250 words)Term Paper

Managerial decisions

More revenue will be generated at a lower cost of production, which is an additional advantage to the company. Contract workers are paid less money than full time employees, and this will be a great advantage to the company as a whole. Introduction According to Kotler & Armstrong (2004), the elements of supply and demand in business are interrelated, and in some cases, they also affect the price of a certain market offering. However, in this case it is assumed that the price is constant and the aim is to establish how supply can be increased in order to meet the rising demand of certain goods without offsetting the prevailing market trends. Economically, if the demand for a certain product increases, then its supply also increase...
9 Pages(2250 words)Term Paper

Pricing Decisions

...?  Pricing Decisions Article is based on the study of pricing practices and policies by small business owners/managers in northeast Louisiana. Article 2 relates to examination of the success of pricing practices of a new product and the conditions upon which contingency of success lies. Article 3 focuses on defining pricing strategies for specific corporate objectives. Article 4 aims at studying both usage-based and fixed pricing schemes in a competitive scenario where the company is incurring a transaction cost of monitoring usage on the implementation of usage-based pricing. Article 5 aims to find out the methods of setting prices which are dominating Slovenian business practice. Introduction The articles deal with the pricing practices...
4 Pages(1000 words)Essay

Pricing Decisions

...? PRICING DECISIONS In the context of marketing, pricing decisions are critical conceptual tools used by an organization in responding to its marketing objectives. In actual business environment, setting price for products and services proves as one of the most agonizing undertaking for marketing personnel. The agony is attributed to the fact that there are numerous variables and factors to be considered before arriving at a pricing decision. The underlying five articles seek to substantiate the efficacy of certain practical models used in actual context as tools for making pricing decisions. All the articles provide a framework through which managers and stakeholders within the marketing environment can understand pricing dynamics...
4 Pages(1000 words)Essay

Just In Time Decisions the Best Decisions

...ARE JUST-IN-TIME DECISIONS THE BEST DECISIONS Introduction Decision making is one of the most important functions of any management. It is the factor that may make an organization prosper and at the same time it may make an organization to lose its credibility and underperform. Decision making is the art of deciding when faced by options. Decision making involves assessing a situation and making a judgment on the course of action that is to be taken. A manager is given the duty of making decisions for the company and hence one should be able to decide between different options and follow the one that will lead the organization to prosperity. Therefore in making decision, there are many considerations that a manager makes. In their day...
10 Pages(2500 words)Essay

Making decisions

...Political decisions in Ukraine Samson Varghese Political decisions in Ukraine Political decision making in Ukraine is a great dilemma. Ever after the separation from the former Soviet Union though Ukraine tries to follow the democratic methodologies, much of the recent happenings in Ukraine questions their awareness about democracy. The competition between judiciary and legislature seems to be immense in Ukraine. “The political system of Ukraine, which is to much larger extent dominated by personal decision-making than by institutions, is not only a source of instability, but also a structural problem for the integration of Ukraineís” (Iris Kempe) Most of the decisions political decisions taken in Ukraine seems to be like the decisions...
2 Pages(500 words)Essay

Business decisions

...Business decisions Table of Contents Table of Contents 2 Introduction 3 Recommendations 3 References 5 Introduction Larson Ltd. operates in two of the world’s major economies namely, Germany and USA. The recent economic downturn has put pressure on every businesses margin that operates in these countries. The company’s is engaged in the production and marketing of batteries for all types of electronic goods which also include laptops, cell phones etc. The company follows a cost plus pricing strategy in both the countries. The company faces the problem of high competition in US. In addition it also faces a problem of operating in a region which is severely affected by recession. The company is also finding it difficult to undertake product...
2 Pages(500 words)Essay

Management decisions

...Management decisions Management decisions A network engineer is a professional who deals with internet working services such as telephone network by the help of software and hardware deployed to form a database. However, as one is engaged into the activities, he or she learns communication skills that see him or her make possible decisions in the management system (Anderson, 2004). As a network engineer, therefore I need to initiate concrete information in the management decisions that enables effective communication among the employees. We have therefore outstanding elements of decision making that I need to initiate within the entire management for effectiveness to prevail. First and fore most, visual interface for decision flow...
1 Pages(250 words)Essay

Discretionary Decisions

...Discretionary Decisions Discretionary decision making occurs in the criminal courts by prosecutors who decide whether and how to proceed with cases based on their assessment of the evidence and the likelihood of a conviction under various charges. Judges exercise discretion primarily in the sentencing decision. Although prosecutors and judges in criminal courts have a considerable amount of autonomy in their decision making, their discretion is not significant. Instead, it is structured in voluminous measures depending on the types of cases before the court, the reviewed decisions of the cases made earlier as well as the indirect community pressures. Discretionary decision making occurs in the criminal courts to determine whether...
1 Pages(250 words)Essay

Occupation Agreement between Raj and Joyce and Decisions Involving Repair Obligations in Short Leases

... also asked you to do a separate piece of research, unconnected with the situation above, to produce a report of 500 words on decisions in the cases in the last ten year in which the courts have considered and/or applied s.11 Landlord and Tenant Act 1985. Part B (30% weighting) Explain precisely (in 500 words), in relation to both A (i) and A (ii), what was your research strategy and how you carried out the research, explaining the database searches that you made. Include (but not counting in the word limit) a bibliography of all books and databases used to carry out the research. Report on Occupation Agreement between Raj and Joyce Distinction Between Lease or Licence With a lease the occupier will have exclusive occupation...
10 Pages(2500 words)Assignment

How the Nature of the Bankruptcy Code Affects the Capital Structure Decisions of Companies

...Question In what ways does the nature of the bankruptcy affect the capital structure decisions of companies? The Bankruptcy and capitalstructure decisions: The bankruptcy code has a strong influence in the capital structure decision of almost all the companies. Capital structure is the structure of capital. That means in what proportion the long term capital of a company is made up of by using debt capital and equity capital. Bankruptcy code is a set of strict guidelines for protecting the interest of creditors, when debtor is unable to pay its debts. (Commercial Litigation Terms). Though use of more debt capital in the capital structure has lot of advantages, it has got some disadvantages too. When a company is going to liquidation due...
9 Pages(2250 words)Assignment

How Webers Elements of Bureaucracy Theory Permeate the Civil Service System through Impersonal Decisions by Laws

... in its economy, tax its people to raise more revenue, have increased connectivity or communication and coordination among its agencies. This again requires technical superiority and impartiality of all decision-making bodies. Therefore with the evolution of a society, bureaucracy and the bureaucratic order become a necessity or are inevitable. Bureaucracy brings about mass democracy, which again necessitates a capitalist state that treats its people as equal and where all economic and social differences do not exist. Bureaucracy and bureaucratization of the economy becomes an ideal form of capitalism, which Weber puts in his own words, saying, “Today capitalism sets the pace for bureaucratization of the economy.” 1 Bureaucracy cannot...
8 Pages(2000 words)Literature review

Factors Affecting Customer Buying Decisions in the Internet

...FACTORS AFFECTING BUYING DECISIONS IN THE INTERNET, A COMPARATIVE STUDY By Factors Affecting Buying Decisions in the Internet, A Comparative Study of the Retail and Banking Industries Introduction The Internet is gradually becoming one of the basic distribution channels. Thousands of companies apply to the benefits of Internet connectivity, to pursue increased profits and to expand their market presence. It would be fair to say that the Internet exemplifies a reliable extension of the basic distribution systems and provides companies with three particular strategic benefits: (1) it offers companies a unique opportunity to reach new markets; (2) it help reduce the costs; and (3) it help improve the service through better information...
7 Pages(1750 words)Research Proposal

Capital Budgeting Decisions

...Capital Budgeting Decisions Submitted by XXXXXX Number: XXXXXX XXXXXXX of XXXXXXX XXXXXXXX XXXXXXX Date of Submission: 22 – 11 – 2010 Number of Words: (Excluding Bibliography) Part 1: Alpha Plc is considering an investment on an open – cast coal mine in South Wales. This report aims at analyzing the cash flows generated by the project and determining the profitability of the coal mine. Investment appraisal techniques are applied to determine the value created by the project. The methods chosen for this appraisal are Net Present Value (NPV) and Internal Rate of Return (IRR). Cash Flows generated by the Project: In order to evaluate the profitability of the project, the cash flows generated by the coal mine are determined using...
7 Pages(1750 words)Case Study

Risk Management Decisions

...Introduction Risk management is fairly regarded as one of the fundamental elements of the successful human performance. In business or non-profit organizations, in emergency situations or critical procedures, risk management works to help individuals and organizations to identify and assess risks and develop risk mitigation procedures. Even daily operations and household chores require having a clear sense of possible risks and the ways of reducing them. A risk management cycle incorporates a series of actions and decisions. Generally, a common risk management cycle comprises several essential stages/ decisions: risk identification, risk measurement, risk analysis, risk decision, implementing, monitoring, and policymaking. All...
8 Pages(2000 words)Case Study

Discuss the theoretical principles behind Customer Relationship Management (CRM) and its practical influence on marketing mix decisions. Use appropriate examples to illustrate your thoughts

...Theoretical Perspectives Relationship Management (CRM) and Marketing Mix AFFILIATION: Introduction to Customer Relationship Management (CRM) Customer Relationship Management, commonly referred to as CRM, is defined as the customer-oriented approach of a business that comprises of analysis, planning, controlling and co-ordinating of the relationship between a company and its customers; the relationship is developed and nurtured by means of various state-of-the-art technologies required for the information gathering and database maintenance processes (Buttle, 2008). According to Siems (2010), it is viewed as the combination of three key elements i.e. customer strategies, technology and business processes; when these three aspects... Perspectiv...
6 Pages(1500 words)Essay

Pricing Decisions

...Pricing decisions Organizations and business entities require proper pricing in order to maximize on their strategies. According to Nagle & Holden (2002) pricing entails putting price tags on products in an organization or business entity after consideration of all the operational costs. The author further argues that, pricing strategies are shaped by the profit levels expected by an organization. Just like any other operational strategy, pricing requires participation of all stakeholders in an organization. In this particular case, stakeholders also involve the consideration of the market. Other main stakeholder includes the management team of an organization. However, the pricing decision does not come directly from the management team...
6 Pages(1500 words)Research Paper

Formulation of Purchasing Decisions

...FORMULATION OF PURCHASING DECISIONS Yolanda George Submitted in Partial Fulfillment of the Requirements For the Degree of Bachelors of Business Administration in Management Tillman School of Business Mount Olive College, North Carolina [Type Year] ACKNOWLEDGEMENT I am most thankful to my family colleagues and instructor for providing me assistance and guidance throughout the tenure of this research project. This research would not have been completed without their undue support. DECLARATION I declare that this study has not been published previously and represents my own work based on the secondary and the primary research analysis. ABSTRACT People tend to economize the money they have for use. That is why they have to make...
23 Pages(5750 words)Research Paper

When Should Parents Let Teens Make Their Own Decisions

... When Should Parents Let Teens Make Their Own Decisions? Outline i) Introduction This section will introduce the topicof the paper and its significance concluding with the thesis statement. ii) Body This section will discuss the effects of not letting children make their own decisions and also the advantages that would occur if parents let children make their own decisions. The Isaac Pluto Case is a case of how not supporting children to make decision can lead to suicide. The self-esteem specifically discusses how not letting children to make their own decisions affects their self-esteem and also offer some recommendations for parents. iii) Conclusion The conclusion part conclude by restating the topic and also offering some more...
8 Pages(2000 words)Term Paper

Initial Public Offering Related Decisions of Warburg Pincus and EMGs

...Warburg Pincus and emgs: The IPO decision Table of Contents Table of Contents 2 Executive summary 3 Summary of facts 4 ment of the problem 4 Analysis 5 Recommendations 11 Reference list 13 Executive summary Initial Public Offering (IPO) can be defined as the process of selling equity stock of any private company to common people. It can be stated as the process of becoming public concern from private concern. In the era of globalization, IPOs are highly influential financial technique that are opted by small and medium sized enterprises (SME) and newly established companies that requires capital for of expansion of product or service line. Large private firms are converting into publicly traded firm in order to use risk free capitals...
13 Pages(3250 words)Case Study
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 Decisions, Decisions, Decisions for FREE!

Contact Us