I. During the pandemic caused by Covid-19, businesses went through a severe crisis ar now they are making strategic projects to revive the business. CEOS of four companies (Padm Meghna, Jamuna & Surma) took decisions as follows: Padma: The CEO of the company formed a task force of 5 key employees. The CEO explaine the various alternatives to them and asked them to agree on their course of action as a tear He emphasized that that the decision should be taken on the basis of consensus and the should not be any conflict among the employees.
I. During the pandemic caused by Covid-19, businesses went through a severe crisis ar now they are making strategic projects to revive the business. CEOS of four companies (Padm Meghna, Jamuna & Surma) took decisions as follows: Padma: The CEO of the company formed a task force of 5 key employees. The CEO explaine the various alternatives to them and asked them to agree on their course of action as a tear He emphasized that that the decision should be taken on the basis of consensus and the should not be any conflict among the employees.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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![1. During the pandemic caused by Covid-19, businesses went through a severe crisis and
now they are making strategic projects to revive the business. CEOS of four companies (Padma,
Meghna, Jamuna & Surma) took decisions as follows:
Padma: The CEO of the company formed a task force of 5 key employees. The CEO explained
the various alternatives to them and asked them to agree on their course of action as a team.
He emphasized that that the decision should be taken on the basis of consensus and there
should not be any conflict among the employees.
Meghna: The CEO gathered his executives and asked them to brainstorm any type of
response, including radical ones. He asked them to consider all possible alternatives. Then they
picked one from the list that the group thought best.
Jamuna: The CEO decided to respond to it quickly. He shut himself up in his office for a few
hours of thinking and made his decision on an approach. He then communicated his decision to
his staff and asked them to execute.
Surma: The CEO hired a research team to analyze how technology companies have responded
to the similar problems in the past and their performances for the next 5 years. Every possible
data point was included in the study in order to not miss out on anything. Eventually, the
research findings indicated the best course of action in order to maximize long-term benefit for
the company.
The four situations above each represent a different decision making style. Identify them.
What problems the companies may face causing from the decision making style they adopted?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4697078c-3d97-4051-bfbb-9dbb560dce0e%2Fe2479514-029f-4f10-a95e-f4c96c4c6e25%2F9yu90uc_processed.png&w=3840&q=75)
Transcribed Image Text:1. During the pandemic caused by Covid-19, businesses went through a severe crisis and
now they are making strategic projects to revive the business. CEOS of four companies (Padma,
Meghna, Jamuna & Surma) took decisions as follows:
Padma: The CEO of the company formed a task force of 5 key employees. The CEO explained
the various alternatives to them and asked them to agree on their course of action as a team.
He emphasized that that the decision should be taken on the basis of consensus and there
should not be any conflict among the employees.
Meghna: The CEO gathered his executives and asked them to brainstorm any type of
response, including radical ones. He asked them to consider all possible alternatives. Then they
picked one from the list that the group thought best.
Jamuna: The CEO decided to respond to it quickly. He shut himself up in his office for a few
hours of thinking and made his decision on an approach. He then communicated his decision to
his staff and asked them to execute.
Surma: The CEO hired a research team to analyze how technology companies have responded
to the similar problems in the past and their performances for the next 5 years. Every possible
data point was included in the study in order to not miss out on anything. Eventually, the
research findings indicated the best course of action in order to maximize long-term benefit for
the company.
The four situations above each represent a different decision making style. Identify them.
What problems the companies may face causing from the decision making style they adopted?
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