Memo to CEO on Supervisory roles, management homework help

User Generated

cherurnegafbhy

Business Finance

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

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Good luck in your study and if you need any further help in your assignments, please let me know.Goodbye.

Running head: DECISION MAKING IN ORGANIZATION

Decision- Making in Organization
Name
Institution Affiliation

1

DECISION MAKING IN ORGANIZATION

2

TO:
FROM:
DATE:
SUBJECT:
Leaders are the most important individuals for the success of any organization. Therefore,
it is much important to ensure that leaders are able to make effective decisions for the success of
the organization. The main reason why leaders fail is due to the poor decisions, which
automatically leads to poor results. Therefore, it is impossible to separate leadership or
management with the decision- making. Learning on the means of coming up with effective
decisions in the organization is critical to the success of the managers.
The criteria that would determine whether the manager is making good decisions include.
Firstly, there will be performing situation analysis that will allow the manager in determining the
moti...


Anonymous
This is great! Exactly what I wanted.

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Similar Content

Related Tags