Memo on Decision making

Anonymous
timer Asked: Feb 3rd, 2019
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Question Description

You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overall company can and will have far greater impact on the company and its employees.

Your boss, the chief executive officer (CEO), realizes that you do not have much practice in this higher level, decision-making process and has asked you to write a memo describing your understanding of how to make important decisions.

Your memo should address the following questions:

  • Describe at least 3 criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision?
  • In the realm of decision making, what are assumptions? Rather than use a dictionary definition, cite several specific assumptions that would go with any real-life decision you have made or have seen made at a company at which you have worked.
  • Given the importance of proper assumptions, your boss asked you to assess the accuracy of certain business assumptions and what could you do to test or confirm the credibility of them. The following were major assumptions for each firm:
    • An automobile manufacturer's assumption that the demand for SUVs would continue because gas prices would continue to rise
    • An airline's assumption that there was a need for an airline that provided no added amenities

Tutor Answer

CASIMIR
School: Carnegie Mellon University

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!

Running head: MEMO ON DECISION-MAKING

Memo on Decision-making
Name
Course
Professor
Date

1

MEMO ON DECISION-MAKING

2

To: The CEO, Mr. Aron Schwartz
From: Mendes D., the manager.
Date: 14/02/18
Re: Decision-Making

Concept of Decision-Making
This memo focuses on explaining how I understand the concept of decision-making in the new
role acquired in the company. It explores several aspects that explain the level of understanding
on decision-making which impacts the organization. The new role as a manager requires an indepth knowledge of issues and how decisions can affect the company’s operations after
implementation. Managers constantly involve themselves in making decisions that seek to solve
problems. Decision-making involves processes that evaluate problems, considers alternatives,
and makes choices.
Criteria Used
There are three fundamental decision-making criteria that managers can use in making decisions.
The first criterion is the presence of resources. Resources include organizational, mental, and
physical boundaries which allow or influence action. Resources help one get where they want to
reach. Rules and regulations form restrictive constraints (Pettigrew, 2014). Having the ability to
identify the constraints including the influential constraints are vital criteria before reaching a
conclusion. Understanding the assumptions is vital in broadening knowledge about a subject.
Managers should consider exploring more than just the supporting assumptions. They should

MEMO ON DECISION-MAKING

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also focus on the non-supporting ones too. Backup plans are a necessity even if the decision fails.
Having constrained decision-making boundaries requires consideration of redefining the
boundaries. The decision-making space is often wide.
The second criterion is the time which is often inelastic. A manager should consider what is
feasible for the quantity of effort requ...

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Anonymous
Thank you! Reasonably priced given the quality not just of the tutors but the moderators too. They were helpful and accommodating given my needs.

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