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Participation Questions Week 3 - Essay Example

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In the fast pace business environment of today electronic communication tools are imperative to achieve business success. Another factor that…
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Participation Questions Week 3
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Download file to see previous pages s, electronic forums create the ability to formulate task forces very quickly to deal with complex business problems that require immediate attention.
In your response you added a new dimension to the discussion because you integrated personal application of how to use the eastern philosophy can improve a person’s ability to make better decisions. The basic difference between the eastern philosophy and the western philosophy is that one is based on patience and the other on speed. Both strategies have their advantages, but in the long run the eastern philosophy can add greater value to a business. When a manager applies patience in the decision making process they improve their probabilities of making the right decision. One of the weaknesses of the eastern philosophy is that it is not suitable for industries in which quick decision necessary to get the job done. An example of an industry in which speed at times is more important than patience is the consulting industry. If a client wants a solution within a short time frame such as one to four weeks the decision maker must make quick decisions based on the information that is readily available.
The major stakeholder’s groups such as the lenders and shareholders sometimes place unnecessary pressures on companies to deliver. These pressures affect the management mentality as far as thinking that the short term is of higher importance than the long term. American are overly worried about time, thus the obsession with shortening time to deliver faster is hurting their outcomes in business decision. The integration of the eastern approach is necessary to achieve balance. The example you showed is a case of an employee that rush into a decision based on receiving a reward. The managerial decisional process must include a thorough assessment of the situation prior to making the decision.
Listening is sometimes more important than talking. People can sometimes misinterpreted body language based on cultural ...Download file to see next pagesRead More
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CHECK THESE SAMPLES OF Participation Questions Week 3

Discussion Questions and participation questions week 1

...in accounting reporting. I believe that the work of the FASB has been extremely instrumental in the economic success the United States has had during the past four decades. 6. The generally accepted accounting principles are derived from various sources with the FASB being the organization most involved in the standard setting process. There are different types of sources other than the FASB that deal with GAAP. Two additional sources of GAAP are the American Institute of Certified Public Accountants (AICPA) and the FASB Emerging Issues Task Board (EITB). The SEC has contributed to standard setting most notably through its contributions in the formation of the Sarbanes Oxley Act of 2002. 7. Participation...
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Discussion Questions Week 3

...What are the four elements of a contract? Discuss how each are important to the formation of the contract. According to AllBusiness.com, Inc. (1999,pg. 1), “A contract is an agreement between parties, with terms and conditions that describe the agreement, that constitutes a legal obligation. A valid contract typically requires the following four elements:” A meeting of the minds between the parties demonstrating they both understand and agree to the essentials of the deal Consideration (something of value exchanged by each of the parties, such as cash, goods or a promise to do something) An agreement to enter into the contract (typically evidenced by both parties signing a written contract, although oral contracts can be valid too...
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Participation Questions week 4

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Participation Questions Week 2

...provides managers with the tools they need to do their job correctly. I like the fact you mention that operational management is not limited to the manufacturing sector. The service sector has become a driving force in the knowledge economy. The same management principles that apply to manufacturing sector are valid in the service sector. In the service sector focusing on the needs of the customer is imperative. Supply chain management cross path with operational management because a manager has to consider the needs of the different stakeholders served in their supply chain in their daily operating decisions. 3.Cynthia/participation/agree,disagree, discuss> week 1 dis.1 Why are...
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Week Two Participation Questions

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Week 2 Participation Questions

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Week Six Discussion questions and Participation questions

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Week 3 Discussion Questions and Participation Questions

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Week 3 Discussion Questions and Participation Questions

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Week 6 Discussion Questions and Participation Questions

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