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- CASE: In one telecommunication company, the senior executives are experiencing conflict. Ten of the senior executives are from engineering background whereas four of them are from marketing The four senior executives are frustrated in their attempts to increase the budget for marketing and customer services instead of technology investment. They are blaming the other senior executives for being hard-headed. The conflict episodes are viewed by both sides as personal attacks rather than attempts to resolve the problem QUESTION: What type of conflict is presented in this case?Why might it be helpful to bring out the charter when people are arguing over a decision? What is meant by the term ground rules?9The human resource, finance and marketing managers at XYZ Ltd, a manufacturing plant are generally at a conflict because they have their own objectives. Usually each manager in the firm thinks that only he/she is qualified enough to evaluate, judge and decide on any matter, according to their professional criteria. They have arguments on every little decision where they always try to ignore each other suggestion. Continue arguments among the managers leads to job conflict, no proper planning, extra cost, high attrition rate and grievance in the organization. Top level management was fractured and frustrated because it the situation continues then organization will not able to sustain for longer duration in the market. There was gossip and “pot stirring” among the staff. The CEOs management style was not helping the organization function smoothly. Key staff were thinking about quitting. Meetings revealed the source of the fracture: unmet expectations, perceived lack of personal…
- Scenario 1Use the five-step decision-making process to analyse the following situation and recommend acourse of action: You are in charge of granting all computer hardware service contracts for your employer, which areworth more than $30 million annually. You casually indicated that you were seeking to buy a new carand that you particularly liked the Audi automobile but that it was very expensive in recent emailswith the company's current service provider. You are taken aback when the service provider texts youthe phone number of the sales manager at a nearby Audi dealership and advises you to call him. Theservice provider claims that because of his close friendship with the dealership's owner, he will be ableto offer you a fantastic price on a new Audi. Could it appear that you were asking for a bribe if yourmanager saw a copy of the texts you sent to the contractor? Could you classify this offer as a bribe?How would you respond?can you please assist with teh following questions. Assume that your class group has been selected and hired by the FAO to manage this FAO Funded Aquaponics Project described in the article (above). Using expressed and implied information in the article, your project team is required to craft/develop some project documents and plans to help in the overall management of the Aquaponics Project, with specific focus on the components and questions/statements listed below. Groups are allowed to make reasonable assumptions. 7. Develop an initial stakeholder register and outline the communications and engagement strategies for each group of stakeholders (with a minimum of 5 key stakeholders). 5. Create a partial project schedule using a Gantt Chart (with a minimum of 10 tasks).Briefly explain the different types of decision making environments. Give any one suitable method used to takedecision under each of the above mentioned different environments.
- can you please assist with teh following questions. Assume that your class group has been selected and hired by the FAO to manage this FAO Funded Aquaponics Project described in the article (above). Using expressed and implied information in the article, your project team is required to craft/develop some project documents and plans to help in the overall management of the Aquaponics Project, with specific focus on the components and questions/statements listed below. Groups are allowed to make reasonable assumptions. 7. Develop an initial stakeholder register and outline the communications and engagement strategies for each group of stakeholders (with a minimum of 5 key stakeholders). 8. Craft a high-level Procurement Management Plan for the project.Real Options & Game Theory: Group Decisions You are invited to observe this month’s meeting of the managers of a hospital, which will take place in the senior manager’s office. The main item on the agenda relates to the issue of whether a particular ward should be temporarily closed because of funding problems. Before the meeting the senior manager tells you that the hospital management prides itself on efficient decision making. ‘My staff and I work as a coherent team,’ he tells you. ‘We are busy people so at our meetings we don’t waste time on endless discussion. There is usually little dissent and we make decisions quickly and with confidence that what we are doing is right. I think that you’ll see that my colleagues will agree with me that the closure should go ahead.’ Question: Draft a set of notes evaluating the senior manager’s approach to decision making and, if necessary, suggest ways in which the decision-making process at the hospital might be improved.Your Task For each scenario, discuss the following: - What is the issue (there may be more than 1)? - Who are the parties affected? - List and explain 2 alternatives for handling each situation o Discuss 2 pros and 2 cons for each alternative - What is your conclusion? Discuss the best way to handle each situation - use reasoning to justify your decision Situation You are the owner of a small craft store. When doing the scheduling, you put Judi on the Friday shift. On Tuesday, Judi comes to you and says that she cannot work. You remind Judi that she needs to tell you the days she is unavailable at least one week in advance. You insist that she work on Friday. At 7:00 a.m. on Friday, Judi calls in sick. You must take Judi's shift-giving up your only day off. When making deliveries for the store, you see Judi eating lunch on Friday in a local restaurant.
- Decision making under ignorance- what kind of situations/ problems are considered? What strategies/ methods can be used to find optimal solutions (e.g. the best alternative from a given set of alternatives)?Subject: Management Science lesson: Decision Tree A manager has to decide whether to prepare a bid or not. It costs P3,000 to prepare the bid. If the bid is submitted, the probability that the contract will be awarded is 60%. If the company is awarded the contract, it may earn an income of P50,000 if it succeeds, or pay a fine of P10,000 if it fails. The probability of success is estimated to be 70%. Should the manager prepare the bid? Make a decision tree and state your decision.Explain consensus decision-making, give examples and also the advantages and disadvantages of this type of decision-making.
