PSY302 Decision Making in the Workplace

Apr 23rd, 2015
Anonymous
Category:
Biology
Price: $15 USD

Question description

08CH_Youssef_Psychology.pdf


Decision Making in the Workplace


The decision-making process is important at every level of an organization.  Regardless of position, workers are faced with making daily decisions. Apply the six-step rational decision-making model, within Chapter 8 of your course text, to one of the following situations:

a. You are a product officer for a high-tech company.  You have two new products to market, but only have funding for one.  How will you determine which product to introduce?

b. A large advertising agency is working with a client who wants to gain market shares from its competitors by marketing to young professionals.  The agency needs to decide whether to spend all of the marketing funds on a single form of media (internet, television, or radio) or to spread it across all three.  What decision would you make?  Why?

c. You are the corporate acquisition officer for a large oil company that has an interest in acquiring an additional small to medium-sized renewable energy company (solar, wind, etc.) in order to diversify your capabilities.  What type of company should your organization acquire?  Why?
Your initial post should be a minimum of 250-300 words.  Your must use at least one scholarly, peer-reviewed source that was published within the last five years and is cited according to APA guidelines as outlined in the Ashford Writing Center

Tutor Answer

(Top Tutor) Studypool Tutor
School: University of Virginia
PREMIUM TUTOR

Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors