Monitoring Performance

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Writing

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

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Explanation & Answer

Attached.

Running head: MEMO

1

Memo
Name
Student
Date

MEMO
To: Chief Executive Officer
From: The Supervisor
Date: September 30, 2018
Subject: Determination of whether the manager is making good decisions
I believe that the decisions made by the managers have a great impact on the
employees and the company in general. Good decisions making is thus required as will
be described below to ensure positive impact in the business.
There are several criteria that can be used by the managers in making better
decisions. Creating a constructive environment where the employees will be part of the
decision that will be made, by asking taking some of their ideas and considering them in
the final decision. Conducting a deeper investigation into the situation will help generate
good alter...


Anonymous
Really great stuff, couldn't ask for more.

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