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- Define decision making and discus the different types of decisions.Explain how does the steps in decision making begin.Choose a suitable question for each of the following answers: 1)Harry works for an international company in Dallas. * Where Harry is working and in which place? For what company Harry does work and where? For what and where does Harry work ? Does Harry work in an international company in Dallas?
- A city mayor you know is interested in recruiting Amazon to build in their city but doesn't know what a company considers before choosing where to build a processing plant. She has hired you to help her and her city council understands what decision factors Amazon might consider before making its choice. Research how companies decide where to locate a facility, and then write a brief report identifying and explaining at least 8 decision factors Amazon might consider before choosing a city to locate their new headquarters.Explain the term bounded rationality.William and Oliver have been working together as managers at British Imperial Textile Fusion Products Limited. They are best friends, and during one of their walks with their dogs, they have decided to leave their employment and start their own company, which will manufacture clothes for all ages. They would like to specialize in manufacturing winter clothing. They have thought of some names for their company and have considered the various issues surrounding the formation of a company. However, they feel they require expert assistance at this stage. Oliver remembered that you attended business law, and you loved it. Therefore, taking into consideration what you have learned: a) Explain to William and Oliver what steps they need to take to successfully incorporate their company and the rules concerning company names. b) Oliver has become fascinated with company law. He has developed a deep interest in this area. However, he is confused when their friend John tells them their company…
- The organization has never owned hotels outside the UK before, and has hired a team of independent management consultants to advise them on how to proceed.They provided the consultants the following information during their initial meeting: A majority of their existing managers said they would like a chance to work abroad.None of their existing managers speak French fl uently.They will allow four weeks to rebrand the hotels. The new hotels must be ready to open after that time.They expect to recruit a large number of staff for the new French hotels, because more than 70 percent of the employees from the acquired organization left. They will require their managers to be fl exible and move between countries if any problems arise.Activity : Based on the information you have to date, what do you think the key priorities should be?As Jerry met with his executives to discuss the situation, the general manager, Tracy Lee, provided more information. She described the hotel as mainly targeting the upscale and luxury business market segments (75 percent), while also attracting the upscale and luxury leisure market segments (25 percent). The hotel’s main competitors are Four Seasons, J.W. Marriott, Shangri La, Mandarin Oriental, Landmark Hotel, and Conrad Hotel, which are all located within a two-mile radius. There is fierce competition among the hotels in this market segment, and firms have resorted to price-cutting tactics during economic downturns before. The products and services of the Great Eastern Hotel have been unique and of high quality. Guests have been particularly satisfied with the ambience of the hotel given that it has focused only on its core market segments for business. The rooms have been designed and appointed to satisfy its market segments. In fact, there has been a coherence among product…Consider the following decision tree. Which decision, A or B, is best? What is the expected value of this decision? .40 $3,000 A B 2 .20 .80 OA, expected payoff = $2,000 OA, expected payoff = $2,120 OB, expected payoff = $1,800 OA, expected payoff = $2,100 .60 -$1,000 $2,500 $2,000 $1,800
- As Jerry met with his executives to discuss the situation, the general manager, Tracy Lee, provided more information. She described the hotel as mainly targeting the upscale and luxury business market segments (75 percent), while also attracting the upscale and luxury leisure market segments (25 percent). The hotel’s main competitors are Four Seasons, J.W. Marriott, Shangri La, Mandarin Oriental, Landmark Hotel, and Conrad Hotel, which are all located within a two-mile radius. There is fierce competition among the hotels in this market segment, and firms have resorted to price-cutting tactics during economic downturns before. The products and services of the Great Eastern Hotel have been unique and of high quality. Guests have been particularly satisfied with the ambience of the hotel given that it has focused only on its core market segments for business. The rooms have been designed and appointed to satisfy its market segments. In fact, there has been a coherence among product…( Use an excel sheet to show formulas used )ThailandSelect an overseas country of your choosing and assume that you are employed in the human resources department for a large company. The company has just reached an agreement to open a new sales office in this foreign country in order to better serve customers in that market. Although support personnel will be hired locally, three sales representatives from headquarters will be transferred to this office for a period of two years in order to get it “up and running.” The national sales manager has asked you to prepare a report outlining the intercultural communication issues that these sales reps likely will face. Your team will be required to research the business communication in this country and write a report to your Board of Directors that addresses the following that may play a role in impacting the success of these sales representatives in establishing an office in the country. 1. Prevailing norms of communication 2. Nonverbal communication 3. High context and low context…