You are part of the senior leadership team of a national retail firm. Your company has decided to relocate its head officeto new facilities. You have been chosen to lead this move. How would you approach making this decision? Where wouldyou start with this complex decision, and what steps would you take? Explain which decision model in this unit bestdescribes your approach. In your replies, discuss with your peers the decision-making approach they shared.

Relocating a company's head office is a complex and high-stakes decision that requires careful…

Answered: You are part of the senior leadership…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter9: Managerial Decision Making

Section: Chapter Questions

Problem 2OTJVC

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Need Unique Answer don't copy please Write a two-paragraph essay describing your decision process (as outlined above), including its strengths and weaknesses. Your essay must include at least two properly described and referenced decision methods or styles from the text. For example, if your decision was impeded by bias, describe if it was confirmation bias, anchoring, or some other kind of bias. Answer and address these questions: What is your preferred decision-making style? How does your style work for you? Are you always satisfied with your decisions? What method from the text would you consider for your future decision making? How important is decision making in the role of a business leader? Provide an example. In addition to the text, you are encouraged to research decision-making methods using reliable and properly cited Internet resources. You may also draw from your personal experience with appropriate examples to support your references.
Discuss the different roles played by the qualititative and quantitiative approaches to managrial decision making. Why it is important for a manager or decision maker to have a good understanding of both of these approaches to decision making?
1) What are the key decisions that Andrew Mason has made during Groupon's brief history? How have these decisions influenced Groupon's evolution as an Internet-based business? 2) How can I describe the decisions identified in my previous questions ask in terms of programmed and non programmed decision making? 3) How can I describe the decisions in terms of the rational, bounded rationality, and garbage can models of decision making? 4) How, if at all, has creativity and intuition played a role in the decisions to found and rapidly expand Groupon? 5) Suppose i think the market for group-based online coupons has great potential, and you desire to enter the competitive fray, what factors would i consider in deciding whether to come a Groupon competitor?
“Statistically we expect that good decisions will lead to favorable outcomes more often than will either poor decisions, or decisions reached by default. In a sense, this is a statement of faith on which all rational approaches to human affairs are based” (Amara and Lipinski, 2020). Discuss this statement, and assess the value of the analytical decision approach as an operational tool of management decision-making.
Discuss decision-making under the following subheadings, supporting your argument with examples from the workplace.
Using relevant examples, use your own words to explain the term participation in decision-making. Identify and discuss the different styles of participation in decision making. Discuss why you think teachers, parents and school management need to participate in educational decision-making at the school level.
Consider a big decision you have taken. Write a description of the decision using the steps in the decision-making process as your guide. What could you have done differently in the process to improve your decision?
Explain consensus decision-making, give examples and also the advantages and disadvantages of this type of decision-making.
A) Effective decision-making results ineffective results, discuss decision making steps and provide examples. B) Discuss various ways available to maintain the high ethical standards of an organization?
How business decision-making provides the process of identifying, analyzing, and selecting among alternative courses of action to achieve organizational objectives? What is individual and group decision processes and how do they impede business decision-making?
How does the contingency approach in management address the need for flexibility and adaptation in decision-making?
What are the key elements of effective decision-making, and how can managers develop the skills required to make sound decisions in a wide range of contexts?

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