Chapter 12, Problem 7DQ

Our ability to make free and rational decisions, which grants each person essential dignity and moral worthiness, is:     personal integrity.     virtue.     autonomy.     theoretical reasoning.

The Situation: Imagine that you own a small software company. The company currently has three full time employees, including yourself as the CEO. There is one person (software developer) who writes software based on specifications provided by you. There is one person (testing and support) whose job it is to test new software and to help customers find solutions to problems they may run into with the software product. You have determined that you can leverage your existing code to create a new product which will result in a significant increase in sales. In order to capitalize on this, you will need to expand software development, testing, and customer support. However, the new software has a limited lifetime in the marketplace, and will be obsolete in two years. You can hire locally, either full time or contract, for the 3 new positions. It will require two software developers and one new support position. A typical cost for full time positions would be $40,000 to $60,000 per year,…

How can managers effectively analyze and utilize data and information to support decision-making processes, employing tools such as business analytics, data visualization, and performance metrics?

How does risk management factor into decision-making at various levels of an organization, and what strategies can be employed to mitigate risks while pursuing innovation and growth?

given that people rarely use a company’s code of ethics to guide their decision making, what good are the codes?

What can individuals do to improve the quality of their decision-making?

Do managers and executives in hospitality and tourism organizations always have sufficient and reliable information to make decisions?

With all the competitors in the beverage industry, I couldn’t imagine another soft drink company overruling Coca-Cola. what actions could existing companies take to erect barriers to entry to this industry for new potential competitors?

As an administrator for a medium-sized hospital, you and the boards of directors have decided to change to a drug dependency hospital from a short-term, acute-care facility. How would you go about executing this strategy? Please propose your answer.As an administrator for a medium-sized hospital, you and the boards of directors have decided to change to a drug dependency hospital from a short-term, acute-care facility. How would you go about executing this strategy? Please propose your answer.