PSY302 Decision Making in the Workplace

Apr 23rd, 2015
Price: $15 USD

Question description


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

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