TOPIC: STRATEGIC LEADERSHIP AND DECISION-MAKING: ETHICS AND VALUES APRIL‚ 2010 INTRODUCTION Values and ethics are central to any organization. What exactly do we mean by values and ethics? Both are extremely broad terms‚ and we need to focus in on the aspects most relevant for strategic leaders and decision makers. What we will first discuss is the distinctive nature of ethics; second‚ we will take a look at work ethics; third we will look into strategic leadership and decision making; fourth
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1. What is inflation risk? Inflation risk is the decision when to wait to buy an item and risking if the product went down in price or up in price. 2. What are opportunity costs? Give an example of an opportunity cost. Opportunity costs are things you give up when you make a choice. An example of a opportunity cost is to give up your newspaper subscription so you can now have a magazine subscription. 3. What is the time value of money? The time value of money is the increase on a value of money
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Decision Making Across the Organization The key strategic in every organization is to identify what is the influence of decision making across the organization as a whole. There are benefits and challenges in every organization no matter how large or small it may be. Business owner has to have a plan and a solution for every challenge that may arise in the organization. A manger is not to be in reasonable when he has to make a decision for the organization; he is to be expected to have a solution
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Strategic Orientation is a focus on the big picture‚ an attention to defining the future direction of the enterprise‚ and in using this definition to direct and guide the efforts of all in the organization. The 5 Levels of Strategic Orientation Most people would agree that Strategic Orientation is a positive factor for organisations. But what does that mean? How do you determine how Strategically Oriented your organisation is‚ and what can you do to improve the situation? There are 5 levels
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Decision Making Managers are constantly called upon to make decisions in order to solve problems. Decision making and problem solving are ongoing processes of evaluating situations or problems‚ considering alternatives‚ making choices‚ and following them up with the necessary actions. Sometimes the decision-making process is extremely short‚ and mental reflection is essentially instantaneous. In other situations‚ the process can drag on for weeks or even months. The entire decision-making process
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October 2014 Are You Making A Good Decision For Your Child? All parents want their child to become successful. Some parents will go to great lengths to “help” their child by signing them up for a club‚ sport‚ or other extracurricular activities that will be “good” for them and their future. Usually the child ends up hating it or it causes something bad to happen. Even though parents might think they’re making a good decision for their child‚ it could end up as the bad decision that could potentially
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Decision making is intrinsic in the society no matter if it is a crucial decision or not. Many models and theories have been recommended to analyze how humans make choices both individually and also in groups such as organizations. This literature review covers a diversity of such models and theories including types of choices and influences of decision making. In order to understand the behavior of how individuals make choices‚ we have to first analyze the fundamental levels of decision making
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Decision-Making Case Study Shana S. White Managing in Today ’s Health Care Organization/ HCS/514 January 24‚ 2013 Debra Williams Decision-Making Case Study Noonan (2009)‚ states "The rising rates of unemployment and the growing numbers of uninsured people are exacerbating health disparities in low income and minority communities that already suffer from barriers to care and high rates of chronic disease.” (para. 1). With the economy in its current state (trying to recover
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Decision-Making Case Study HCS/514 Decision-Making Case Study The looming changes in health care are a frequent topic in many meetings with health care providers. Budget cuts are not just a speculation but are a reality. Decision-making to provide quality patient care with less money is a challenge at best. The Informed Decisions Toolbox can assist administrators and managers with evidence-based decisions that will allow patients to receive the quality care they deserve while reducing expenses
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Managers are frequently referred to as decision makers. Managers make decisions about every aspect of the organisation‚ including strategy‚ structure‚ control systems‚ responses to the environment and human resources. Decision making is not easy. It is done in the face of constantly changing conditions‚ unclear information and conflicting points of view. Types of decisions and problems A decision is a choice made from available alternatives. Decision making is the process of identifying problems
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