Why would management adopt a stability strategy? Can stability strategies be viable over a lengthy period of time? Why or why not?
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Why would management adopt a stability strategy? Can stability strategies be viable over a lengthy period of time? Why or why not?
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- How can organizations ensure that their plans remain flexible and adaptable in the face of changing circumstances or unexpected events?How do managers make rational decisions?"I expect all the managers in my department to act completely rationally in every decision they make", declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. "Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me I would agree that you may he excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally" "I agree with your idea, Eleanor, said Jill Goldberg, her advertising manager, "and I always try to be rational and logical in my decisions But would you mind helping me be sure of this by explaining just what 'acting rationally is?" Questions: a) 1. Explain how the Vice President for…
- "I expect all the managers in my department to act completely rationally in every decision they make", declared Eleanor Johnson, Vice President for marketing for the Olympic Toy Company. "Every one of us, no matter what his or her position, is hired to be a professional rationalist, and I expect all of us not only to know what they are doing and why but to be right in their decisions. I know that someone has said that a good manager needs only to be right in more than half of his or her decisions. But that is not good enough for me. I would agree that you may be excused for occasionally making a mistake, especially if it is a matter beyond your control, but I can never excuse you for not acting rationally." "I agree with your idea, Eleanor", said Jill Goldberg, her advertising manager, "and I always try to be rational and logical in my decisions. But would you mind helping me be sure of this by explaining just what 'acting rationally' is?" Questions: 1. Explain how the Vice…4. 1 6 4. Your Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? • Who are the parties affected? List and explain 2 alternatives for handling each situation o Discuss 2 pros and 2 cons for each alternative What is your conclusion? Discuss the best way to handle each situation- use reasoning to justify your decision You manage a small restaurant. You have been hearing about two employees that have not been getting along very well. On the shifts when these two are working together, they have argued about duties, responsibilities, and other issues. Both employees have approached you recently and have complained about working with one another. You are concerned about these employees since this situation could interfere with their work ånd may become evident to the restaurant's customers.Sub- Management What role does scenario planning play in helping organizations anticipate and respond to uncertain futures?
- How can organizations use scenario planning to prepare for uncertainty and potential future challenges? What are the potential benefits and drawbacks of this approach?How can organizations ensure that their plans are flexible and adaptable to changing circumstances and unforeseen events?Can each organization develop a different perspective balance scorecard? If so, what are the criteria that an organization needs to develop different perspectives on a balance scorecard.
- How can a manager adapt and adjust a plan in response to changing circumstances or unexpected events?As a business administration major what strategy would your team implement in the Capstone Simulation? Develop and post a strategy that would be best.What are the biases that frequently cause managers to make poor decisions? What are some of the innovative techniques managers can use to make decisions? Describe at least two techniques