which theory says that Managers should make decisions that pay attention to the interests of customers, employees and comminuty? a. Shareholder theory b. Stakeholder theory c. Sociology theory d. Economic theory
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- 1. Why are policies important? 2. How can managers effectively implement policies within an organization? 3. What is decision making? 4. Explain the different types of decisions and give an example for each type.1) Hofstede theory 2) Framework for ethical decision makingIdentify which of the 5 outcome variables of OB best captures interest, and describe why. “how does partner A’s interest area predict Partner B’s interest area”, or “what is the potential impact of work from home on both of our interests?
- What is managerial Economics? Explain economic principles for impoved decision making?Which among the following is one of the advantages of the McKinsey 7S model 1 It is considered a long-term modelWith the changing nature of businesses, it remains to be seen how the model will adapt. 2 It seems to rely on internal factors and processes and may be disadvantageous in situations where external circumstances influence an organization. 3 It is considered a longstanding theory, with numerous organizations adopting the model over time.Which of the following two are the primary causes for managers failing to behave in the best interest of shareholders? chose all that apply Insufficient compensation The principle-agent problem Bias in their decision-making process Managers are ill-informed
- DONUT DAY AT THE OFFICE Part 5 Derek: We need someone we can trust who can divide up the donuts. One set of rules and what we've done in the past can't always be applied here. If we had an impartial judge or two in the mix, someone who doesn't like donuts perhaps, they could take into account all of the changing factors impacting our donut sphere and make up rules that will bring glazed-happiness to all who they think need it. End Part 5 Legal realism school of thought. Irrational forces perspective. Sociological school of thought. Critical legal studies school of thought.Identify the biases that frequently cause managers to make bad decisions.How does Elon Musk's Process of Planning and Decision making impact performance of his employees?
- What is the main role of Quantitative Techniques for Decision Making and its elements in helping the managers to make such decisions?A management science solution can be either a recommended decision or information that helps a manager make a decision. DiscussA) Effective decision-making results ineffective results, discuss decision making steps and provide examples. B) Discuss various ways available to maintain the high ethical standards of an organization?