Decision Making Creative Writings Samples For Students

Abstract

Economics is an academic discipline that deals with scarce resource planning. Macroeconomic and microeconomics are two fields of economics, dealing with decision making at aggregate level in the former and individual level in the latter. Microeconomics discusses individual preferences and macroeconomics considers aggregate scenarios. An analysis of self-decisions reveals that, in spite of the difference, these two fields are closely linked and interconnected. The microeconomic decisions taken by individuals impact macroeconomic variables, and macroeconomic phenomena impact individual decisions significantly.

Keywords: Macroeconomics, microeconomics, economics, consumer preference, corporate tax reduction

Introduction

Adam Smith stated that economics deals with the nature and causes ...

When attempting an ethical decision making model, the importance of determining principles is paramount. These ethical principles are the barometer for which all future decisions are made. The model I have decided upon follows the principles of honesty, legality, and loyalty. Whenever a decision is to be made, it must be run through these questions:

• Is it honest? (Is it in following with personal and community standards of ethics and morality?)
• Is it legal? (Would any corporate or governmental law be broken as a result of a particular decision?)
• Is it loyal? (Does this action serve the best interests of the company, ...
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Introduction

In the article “Factors Influencing Creativity in the Domain of Managerial Decision Making,” Cameron M. Ford of the University of Central Florida and Dennis A. Gioia of The Pennsylvania State University earlier identified the relative underdevelopment of management research on managerial decisions. While asserting and providing literary evidence that, most previous researches have mainly focused on identifying individual differences between managers based on high or low creativity, and that these previous researches have ignored the fact that differences in complex social environments lead to differences in decision making, they conducted their study. In their study aimed at examining the ...

Leadership and motivation go hand in hand in establishing a successful business and the type of leadership style applied in an organization is an essential factor in motivation employees in a workplace. This is essentially because of the relationship that exists between the leader and the employees in all levels of the organization as well at the communication methods used between the leader and the employees. As seen in the case of Lenthall Furniture Company, the owner had established authoritarian leadership style where all the business operations had to be performed according to his orders.
In addition, he was solely ...

Most businesses should engage in e-commerce on the internet. Do you agree or disagree with this statement? Explain your position.
I concur with the idea that contemporary corporations should embrace e-commerce. Indeed, the emergence of portable electronic devices that use the internet has created many opportunities for online business. Therefore, the internet is a vital tool in making businesses more profitable and productive. Research indicates that e-commerce on the Internet helps in cutting down business expenses as it eases communication and marketing while streamlining business activities (Albright 34). Moreover, the internet allows businesses to communicate more efficiently with clients, ...

Reflection of MBA

The experience during MBA was quite interesting as I learned many useful things that are related to business. The learning outcomes of the whole MBA were attractive as many important queries regarding business administration had been solved. The aim of joining MBA was to analyze substantial the areas of business and learn how to manage different functions of the business. The tactics and techniques to analyze the situation and provide rationale decision over the analysis were learned from different outcomes of the program. The learning outcomes of the program were helpful in analyzing the situations and find out effective ...

In many organizations, managers seek to satisfy the needs of stakeholders. When formulating a strategic plan, social responsibility and ethics play a significant role. It is important for organizations to develop their strategic plans to influence their decisions before and not after profit making. An ideal organization has different stakeholders such as workers, management, owners, community, clients and retailers. Developing a strategic plan that satisfies all these people will require a plan that is based on ethics and social responsibility.
Ethical factors have gained significant importance in the business world because it is only through ethical practices that company attracts customers, enhance ...

“Arogania”

His expensive long chase limousine car hooted irresistibly at the company gate as all staff and junior employees ran helter skelter to their work stations- an absolute monarch he was. No one could refute the obvious: Arogania was damn angry and any one found along his way would go home for ‘negligence and utter laziness’.
Arogania was not the type of a boss anyone could expect at this century. He exercised power absolutely and ruled the company with an iron hand and to him; power was not a relation between forces as anyone would expect.
The arrogant and adamant ...

SCIENCE/ TECHNOLOGY AND HEALTH ETHICS

In this paperwork, I am going to discuss how science and technology can influence health care ethics, and ethical decision-making.
Science and Technology are progressing at such a fast rate that the existing narratives are becoming tomorrow’s realism. Scientific research and technological expansion are some of the vital forces changing the face of the existing healthcare ethics. Worries about the rapid growth and its side effects prolong to surface. It is important to note that new ideas, as a result of the continuous growth in both science and technology will, always, present new lawful and ethical challenges when ...

Juvenalis Kisia

A lot of resources have been put into research on leadership and leadership qualities of several great men in the history of man. Most of this research is aimed at establishing what these great men were made of and whether their character traits could be documented with a purpose of being adopted by leaders and potential leaders in contemporary times. Theories have, as a result, been developed to capture the different aspects that make different leaders. These theories, from various research efforts, were defined on the basis of assumptions that make and/or nurture a particular leader; Great Man theory, ...

Question 1

In the current situation, Andrea needs to realize that the level of trust will determine the ability of the company to recover from the shockwaves of downsizing that the employees have on the management. This confidence will secure not only the short-term future of the enterprise but also the long-term outcomes (Brauer & Laamanen, 2014).
Justice is an important aspect that she needs to embrace since it contributes to the building of trust. The distributive dimension to justice touches on outcomes and the perceptions of whether or not they are shared equally. Given that the surviving employees have to take ...

Communication refers to the sending, receiving and understanding of messages between two or more individual. The need for efficient communication methods is evident in the running of large organizations. For an organization to be able to achieve its primary target, effective communication amongst the workers is paramount.
Effective communication within an organization leads to better synchronization of work amongst the workforce. Different departments and sections within an organization require timely and accurate information to carry out tasks at the required time and pace. A breakdown in communication leads to missed deadlines and chaos in the organization (Tofanelli, 2012).
...

Question 1

Subsequent to completing my college studies at MSc, I aspire to acquire a job in an international consulting company such as Boston Consulting Group or McKinsey, where I will work for approximately 3-6 years. Considering that I will have a chance to interact with different kind of people of deferent profession. My main objective while working will be to acquire the necessary skills, knowable and experience, particularly as it relates to business consulting projects. While working, I will apply the knowledge gained in class to my work at the top management consultancy. I plan to focus more on accounting and financial ...

Management

The 787 project of Boeing lost several billions of dollars due to wrong management decisions. Aside from the delay in the delivery schedule of the planes that took more than three years, the management decision has taken a toll on the accomplishment of the planes on time. There were about 848 planes that were already purchased but only 6 percent of such number had been delivered (Denning, 2009).
After Boeing lost its market share to Airbus during the 1990s, the best decision could have been to work on minimizing the costs and the prices of their aircrafts. However, the ...

Question One: Organizational Motivation Plan

In order to achieve the organizational objectives, it is imperative to strike the right balance between the management and the employees. In that breadth, in this ensuing section the paper proposes a motivation plan whose main intention is to achieve a quadruple objective entailing high job satisfaction, low turnover, high productivity and high quality work. In that context, this paper proposes a performance based remuneration system where the remuneration an employee is paid shall be based on the performance. In that strain, the performance evaluation shall be conducted on a monthly basis with weekly reports being submitted for purposes of analyzing the monthly ...

Interpersonal communication is the factor on which human relationships and interactions are based. Scholars have variously described interpersonal communication as the foundation of socialization. The importance of interpersonal communication revolves around positive, constructive and progressive relationships. For instance, proper interpersonal communication skills can enable an individual become a perfect leader through enhancing their conflict resolution capabilities. Similarly, strong interpersonal skills can equip a manager with strong exceptional decision making capacities. While interpersonal communication may be particularly important in all careers, one may find it difficult to establish the connection between interpersonal communication and my major – horticulture. Even so, considering that studying horticulture could ...

Communication is among the most essential elements in the success of any business, be it large, small, local or international. There are numerous communication methods in existence today for business organizations, thanks to changes in technology. The effectiveness of an organization’s communication will be dependent on a number of factors. For example, it is important that the essence of the communication is established, and the communicant should know whom the message is intended for. The organization of the message, the style of communication, purpose and format of communication should be considered to ensure that communication is effective and realizes ...