Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 2.3, Problem 1CC
Give an example of a programmed decision that a manager might face.
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d. Reflect on the impact of infrastructure on entrepreneurial ventures like Savannah Organics.
What improvements could help reduce barriers?
(3 marks)
e. How important was Thato's ability to innovate and adapt in overcoming environmental
challenges? Provide examples from the case to support your answer.
(3 marks)
accreditation. Thato had to work with international bodies, adding complexity and expense to her
operations.
Despite these challenges, Thato capitalized on the strengths of the entrepreneurial environment.
She formed partnerships with local agricultural cooperatives and NGOs, enabling her to access
shared resources, knowledge, and training programs. She also collaborated with the government
to participate in a public-private initiative promoting sustainable farming, which provided her with
a modest grant.
Thato leveraged digital platforms to connect directly with customers, eliminating intermediaries
and offering competitive pricing. Her ability to innovate and adapt proved critical in sustaining her
business, even during economic disruptions caused by the COVID-19 pandemic. By the end of
2023, Savannah Organics had expanded its operations to 15 hectares, supplying produce to
supermarkets across the country and partnering with health-focused restaurants.
Thato's journey highlights both…
A sharing economy can be described as an economic model in which goods and resources are
shared by individuals and groups in a collaborative way such that physical assets become services.
The sharing economy enables people and organisations to earn profits from underutilised
resources. Discuss using relevant example and referencing the impact of sharing economy.
(20 marks)
Chapter 2 Solutions
Principles of Management
Ch. 2.1 - What challenges does New Belgium Brewery face in...Ch. 2.1 - Can you think of any other examples of companies...Ch. 2.1 - Would you like to work for an organization that is...Ch. 2.1 - What are some positive outcomes of decision-making...Ch. 2.1 - How is managerial decision-making different from a...Ch. 2.1 - In addition to the owners of a business, who are...Ch. 2.2 - Explain the two systems used by the brain in...Ch. 2.2 - What is emotional intelligence, and why is it...Ch. 2.3 - Give an example of a programmed decision that a...Ch. 2.3 - Give an example of a nonprogrammed decision.
Ch. 2.3 - What are heuristics, and when are they helpful?Ch. 2.3 - How are programmed and nonprogrammed decisions...Ch. 2.4 - Do you think a culture focused on learning makes...Ch. 2.4 - What are the advantages of a culture that...Ch. 2.4 - The job of CEO means making big decisions that...Ch. 2.4 - Explain the concept of confirmation bias.Ch. 2.4 - List and describe at least three barriers to...Ch. 2.4 - When is conflict beneficial, and when is it...Ch. 2.5 - If you were faced with an ethical dilemma, from...Ch. 2.5 - Describe some decisions that might be good for an...Ch. 2.5 - What factors would you take into consideration if...Ch. 2.5 - Explain what satisficing is and when it may be a...Ch. 2.5 - What are the six steps in the decision-making...Ch. 2.5 - What are the four steps involved in ethical...Ch. 2.6 - Explain why group decision-making can be more...Ch. 2.6 - What are some things that can prevent groups from...Ch. 2.6 - As a manager, what can you do to enhance the...Ch. 2 - What are some of the factors that enabled to Jen...Ch. 2 - What are the two systems that the brain uses in...Ch. 2 - What is a heuristic, and when would it be...Ch. 2 - What is confirmation bias? Explain how it can be a...Ch. 2 - What is a logical fallacy?Ch. 2 - What are the two types of conflict? Which one is...Ch. 2 - What are the steps in the decision-making process?...Ch. 2 - What can individuals do to improve the quality of...Ch. 2 - What can groups or group leaders do to improve the...Ch. 2 - What are the benefits of decision-making in a...Ch. 2 - Why do you think vinyl records are appealing to...Ch. 2 - Do you think the sales growth will continue to be...Ch. 2 - What research would you want to conduct prior to...
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