Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 6, Problem 6.13A
Summary Introduction
To explain: If the decision-making will be centralized or decentralized.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
What can individuals do to improve the quality of their decision-making?
Would you rather work for a company that takes a stakeholder or stockholder approach in its dealings with customers, employees, suppliers, and other constituencies in its network?
Explain the concepts the ends justify the means, and the means justify the Which of the two best ascribed your management style and achieve organizational efficiency?
What type of leaders and leadership styles and practices often lead to problems with employees, customers, and other stakeholders and stockholders?
Using the two business decision making approaches, common sense and science; Compare and contrast these two approaches using examples based from current business culture.
Write about an experience—positive or negative—that you have had that shows why decision-making is an integral part of good management.
Chapter 6 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 6 - Prob. 6.1QRCh. 6 - Prob. 6.2QRCh. 6 - Prob. 6.3QRCh. 6 - Prob. 6.4QRCh. 6 - Prob. 6.5QRCh. 6 - Prob. 6.6QACh. 6 - Prob. 6.7QACh. 6 - Prob. 6.8QACh. 6 - Prob. 6.9AECh. 6 - Prob. 6.10AE
Ch. 6 - Prob. 6.11ACh. 6 - Prob. 6.12ACh. 6 - Prob. 6.13ACh. 6 - Prob. 6.14ACh. 6 - Prob. 6.15TECh. 6 - Prob. 6.16TECh. 6 - Prob. 6.17TECh. 6 - Prob. 6.18EECh. 6 - Prob. 6.19EECh. 6 - Prob. 6.20EECh. 6 - Prob. 6.21CCh. 6 - Prob. 6.22CCh. 6 - Prob. 6.23CCh. 6 - Prob. 6.24CCh. 6 - Prob. 6.25CCh. 6 - Prob. 6.26CCh. 6 - Prob. 6.27C
Knowledge Booster
Similar questions
- How does risk management factor into decision-making at various levels of an organization, and what strategies can be employed to mitigate risks while pursuing innovation and growth?arrow_forwardWhat are the benefits and drawbacks of centralized versus decentralized decision-making in an organization, and how can a manager determine which approach is best for their particular situation?arrow_forwardWithin the intricate web of the business environment, the decision-making process of organizations is intricately woven, influenced by a myriad of internal and external factors. The dynamic nature of the business environment necessitates a careful and strategic approach to decision-making. Organizations must continually assess and analyze the various elements that shape their operational landscape, considering the potential risks and opportunities that emerge. Internally, decision-makers must take into account the organizational structure, culture, and available resources when formulating strategies. The allocation of resources, such as financial capital and human resources, is a crucial aspect of decision-making that directly impacts the ability of a business to execute its plans effectively. Moreover, decisions related to product development, marketing strategies, and innovation are influenced by both internal capabilities and external market trends. Externally, the…arrow_forward
- the Hierarchy of the information- based business decision makers.Which level has the best chance of success and why? the 3 Hierarchies are top tier visionaries, middle tier standarised decison makers and the base tier intuitive decision maker. Explain them and explain which level of these has the best chance of success and why? need to know advantages as well please Thank you.arrow_forwardWhat are the ethical considerations that managers need to be aware of when making decisions, and how can they ensure that their actions are aligned with the values of their organization?arrow_forwardConsider yourself a manager of any well-structured organization where you are leading a team. Your Management has asked you to arrange a training program for your team to build their IT skills. Which decision making process will you follow to arrange this training program for your team?arrow_forward
- Why is decision-making important in good governance?How is this helpful in your field of study?arrow_forwardThe Situation: Imagine that you own a small software company. The company currently has three full time employees, including yourself as the CEO. There is one person (software developer) who writes software based on specifications provided by you. There is one person (testing and support) whose job it is to test new software and to help customers find solutions to problems they may run into with the software product. You have determined that you can leverage your existing code to create a new product which will result in a significant increase in sales. In order to capitalize on this, you will need to expand software development, testing, and customer support. However, the new software has a limited lifetime in the marketplace, and will be obsolete in two years. You can hire locally, either full time or contract, for the 3 new positions. It will require two software developers and one new support position. A typical cost for full time positions would be $40,000 to $60,000 per year,…arrow_forwardWhy is the management environment analysis important? What impact does this analysis have on decision making?arrow_forward
- How does effective decision-making contribute to managerial success, and what factors should managers consider when making important business decisions?arrow_forwardReaction to discussion below. Do you agree or disagree? Any additional thoughts? It is important to understand that for a business to succeed, being motivated and hardworking does not guarantee a good positive outcome for the company. There are other key factors that have to be in place in order to put the company on a path for success. These factors include effective planning and decision-making with a systematic approach that considers the available information, the goals and objectives of the organization, and the potential outcomes of different decisions. One of the companies I admire the most today is Apple. I because of how it started and all the changes they had to go through to become the company they are today. Apple is well-known for its innovations in hardware, software, and services. Thanks to them, it grew from some 8,000 employees and $7 billion in revenue in 1997, the year Steve Jobs returned, to 137,000 employees and $260 billion in revenue in 2019. Much less well…arrow_forward1. What are structured, unstructured, and semistructured decisions? Provide an example of each. Why is it important to understand the structure of decision-making when solving business problems?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you