Which of the following statements is/are correct? * The planning, directing and motivating, and controlling functions of a manager are kept separate from such manager's decision making activities. The manager's planning function involves setting of the organization's goals and identifying alternatives and selecting the alternative that best furthers such goals set for the organization. All of the choices are correct. Managers carry out their decision making function by obtaining feedback to ensure that the plans are being followed.
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- Create a Group Control System Step 1. From into groups of three to five students. Each group will assume that another student group has been given an assignment of writing a major paper that will involve research by individual group members that will be integrated into the final paper. Each group member has to do his or part. Step 2. Your assignment is develop a list of rules and identify some statistics by which to control the behavior of members in that group. Brainstorm and discuss potential to govern member behavior and consequences for breaking those rules. Step 3. First, select the five rules that you think are most important for governing group member behavior. Consider the following situations that rules might cover; arriving late for a meeting: missing a meeting: failing to complete a work assignment; disagreements about desired quality of work; how to resolve conflicts about paper content; differences in participation , such as one person doing all the talking and someone else talking hardly at all; how to handle meetings that start late; the use of an agenda and handling deviations from the agenda; and any other situation that your group a cover. Step 4. Now consider what statistics could be developed to measure the behavior and outcome of the group pertaining to those five rules. What kinds of things could be counted to understand how group is performing and whether members are the following rules? Step 5. Discuss the following questions. Why are rules important as a means of control? What are the advantages and disadvantages of having many rules (hierarchical control) versus few rules (decentralized control) for a student group? How can statistics help a group ensure? appropriate behavior and a high-quality product? Step 6. Be prepared to present your conclusions to the Class.Making Planning Effective The planning barriers, according to Plunkett and Attner, are as follows: But why are these consired as barriers in the failure of planning? Manager's inability to plan Improper planning process Lack of commitment to the planning process Improper information Focusing on the present at the expense of the future Too much reliance on the planning department Concentrating on the controllable variablesUmer is a businessman, and with time, the demand for his product increases rapidly. Toeffectively manage the supply and demand, he should have to develop an effective decision-making process to select different alternatives. He is unable to decide what he should do. Make some valuable suggestions for a practical decision.
- Q1: Describe planning as a five-step process (with examples)Q2: Explain how managers use planning techniques to evaluate the opportunities and threats in the organization’s environment and formulate strategy. Q3: Differentiate among corporate-level, business-level, and functional-level strategies.Q4: Differentiate between programmed and nonprogrammed decisions, and explain whynonprogrammed decision making is a complex, uncertain process.Because planning can reduce uncertainty for employees and clarify what they should accomplish, it is: O ineffective as an activity in organizational performance. a benefit for organizational performance. a limitation of organizational performance. O None of these answers is correct.When using evidence-based analytics in decision making, measurement is an essential tool in gauging progress. However, the leader needs to assess data based on the following consideration(s). Check All That Apply To what extent is the measurement an accurate representation of the success of the change initiative?To what extent is the measurement an accurate representation of the success of the change initiative? What is the relationship between the time of the measurement being reported and the timeframe over which the benefits of the change is expected to be delivered?What is the relationship between the time of the measurement being reported and the timeframe over which the benefits of the change is expected to be delivered? What are the components of the measurement being monitored e.g. internal and/or external environmental factors and to what extent are they relevant to the organizational change?What are the components of the measurement being monitored e.g. internal…
- You have been asked to oversee a focus group of customers and potential customers of your company. After listening to this group, you notice a few expectations they all seem to have. Examples of customer expectations might include: O They want more for their money. O They are looking for information so they can make a good decision. O They want to talk or chat with a person who understands the product. O All of these are possible customer expectations.28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the aboveDecision makers tend to rely on their implicit favorite when they a evaluate decision alternatives sequentially. b select an appropriate decision style. c want to avoid escalation of commitment. d want to make more creative decisions.
- Managers as decision makers o Barriers to effective decision making o Individual vs. group decision making Foundations of planning o What is planning? o Why do managers plan? o Planning and performance o Goals and plans o Contemporary issues in planningWhich of the following is not a element of a VRIO analysis? (Used to identify strategic strengths in a SWOT analysis) 1.They are Valued by the customer 2.The company is Organized to exploit the resourses (strengths) 3.They are Rare in the Industry Inexpensive to imitateimitate 4.They are not InimitableThink of a problem, goal, or situation in which you need to make a decision. •Using the Decision-Making Process Steps, outline how you can make your decision. •Diagram your decision-making plan