MGT 105 Mod 2 Homework

Topics: Decision making, Management, Small business Pages: 5 (2171 words) Published: February 28, 2015

Essentials of Management
Larry Kuhn
Allied American University

Author Note
This paper was prepared for Essentials of Management, Module 2 Homework Assignment taught by Dr. Justin Barclay.

There are two (2) parts to the assignment. In Part I, you will answer general questions in order to help you focus on planning, strategic management, and decision-making. In Part II, you will write a paper that is two pages in length. This will help you build effective decision-making skills by thinking like an entrepreneur. This assignment is to be completed in a step-by-step manner. You will be instructed on what to include in each part of your essay, beginning with the introduction, then the body paragraphs, and, finally, the conclusion.

PART I: Short Response Questions

Directions: Please provide responses to the questions below. If necessary, please use examples or information from the textbook; however, please be sure to not copy any information directly from the text, the Module 2 Lecture Notes, or the Internet. Please use proper APA citations for any resources that you use. For concise APA formatting guidelines, please visit the Academic Resource Center (ARC). Your responses should be at least 100 words in length for each question.

1.Describe the behavioral nature of decision making. In your description, be certain to provide some detail about political forces, risk propensity, ethics, and commitment. Describe a time when you experienced or participated in behavioral decision making. I) Taking less than the logical approach to making a choice that rather than considering facts. Decisions are based off intuition, feelings, emotion, and other outside influences, which may not always be correct. This does not make behavioral decision making wrong, but just a different approach. II) I can relate with behavioral decision making from my time in the military. It’s kind of like picking your team for a good sports team. A company mostly consists of 3 line platoons. Over time you will see the Platoon Sergeant (middle management) making moves within the company on making his platoon the strongest. Now we have one strong platoon with no week leadership and the other two struggling. Now that I am a First Sergeant (upper management) I can control those moves to make it equal throughout the company. I have what we call draft day to where the three platoon sergeants come in my office and start all over by one at a time pick their platoons all over.

2.Consider the list of business decisions listed below. Which decisions would be handled most effectively by group or team decision-making? Which would be best suited for individual decision-making? Explain your answers. A decision about switching pencil suppliers, Individual decision-making would be best here just for the simple reason that if you are at the head of your business and you see a way of saving money by your suppliers you should make that decision. A decision about hiring a new CEO, A group decision should be made here. This way the group can come together and discus why or why not to hire a certain person. A decision about firing an employee for stealing, A group decision should be made here too. I think that if you are firing from a group decision then that makes it to where it wasn’t personal. A decision about calling 911 to report a fire in the warehouse, Individual decision here would really save a lot of time and money. If you wanted a group decision on calling the fire department when there is in fact a fire there may be a problem with micro management. A decision about introducing a brand-new product, a group decision would be great here as well. You can discuss the time and place on your new product. Also it will give you a plan on how you are going to market it and move forward with this product.

3.Read the Building Effective Technical Skills Exercise on pages 114 and 115 of the textbook. Use...
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