by numerous issues that emerge within the organization. Quantitative and qualitative decision making processes in public finance are similar in the sense that they are utilized to analyze data relating to budget management and other relevant issues. These processes in turn help in effective decision-making with respect to the desired objectives. However, quantitative decision-making process is based solely on empirical data while qualitative decision-making is based on a more holistic perspective. An example of qualitative observation is police testing of new, less lethal gun technology through consideration of the cost benefit analysis (CBS, 2015). On the contrary, an example of quantitative… Continue Reading...
can be used as a resource in that decision making process. For instance,… Continue Reading...
HRM decisions that are consistent with those policies. On the whole, cultural and institutional characteristics affect organisational structures, organisational forms, personnel management practices, decision making processes, and virtually every aspect of firm behaviour.
The Japanese manufacturing industry provides a perfect example of the phenomenon of the country-of-origin effect and its implications on firm behaviour, particularly in an increasingly globalised business environment. Against the backdrop of tremendous growth of the Japanese economy in the 1980s, Japanese firms invested in a great deal of foreign direct investment (FDI) (Yu, Park and Cho, 2007). This background provided an opportunity for Toyota, Honda, and Nissan to expand their presence around the globe. As a result, the transferability… Continue Reading...
its decision-making (Neilson & Pasternack, 2005). After nearly going bankrupt in the 1980s, Caterpillar reshaped its decision making process, its pathway to information, its approach to motivating, and its organizational structure. To complete this transformation it engaged in a cycle of change, which this paper will describe.
Direct the Change
To effect a change, certain ingredients are needed. These include: trustworthy leadership, systems thinking, capable champions (supporters and facilitators), followers who trust their leaders, and involved and engaged middle management (Judge, n.d.). One of the biggest of these factors is systems thinking, as it is what allows for an organizational change in the first place: unless… Continue Reading...
HR department engages its employees in decision making processes and initiatives on how to enhance their well-being and safety as they carry out their respective job duties. This process has also entailed the creation of enhanced flow of information within the organization because employees are engaged in critical decision making processes relating to their work.
Based on this description, RiksPro has a supportive communication climate that is characterized by enhanced employee participation and engagement in work processes as well as improved flow of information. The existence of a supportive communication climate in RiksPro is also attributable… Continue Reading...
issues and then obtain feedback on how to deal with them. By allowing everyone to participate in the decision making process, I bring the group more closely together and empower them by giving them the information they need to make or form good decisions. I am always ready to guide them but am very happy to enable them all to participate in the leadership process, as I feel that this method inspires responsibility and accountability.
The leadership style that I feel best resonates with me is the democratic leadership style. This is very similar to the participative approach, as it "involves others in the process, seeking group participation… Continue Reading...
could be applied to the decision making process. The first bit of advice pertains to the need to “see the ethical” (Winchester, 2018, p. 57). This requires taking a good hard look at oneself and seeing how one responded to ethical issues brought up by critics. Musk should take time to examine his own conduct and to look at it objectively, not from his own sense of being a victim of short sellers but rather to try to see the argument from the opposite side and separate himself from the issues he is trying to… Continue Reading...
Bias can be reduced in the decision making process through; obtaining a clear criteria in decision-making, holding decision-makers accountable, surveying employees’ confidentiality, rewarding employees and being transparent (Heit, et al., 2010). I would make a decision of finding the… Continue Reading...
Leadership Styles
Autocratic leadership is the style of leadership in which the leader assumes total control of the entire decision making process. Whatever the leader says is what goes. This style of leadership is seen in very hierarchical settings, such as the military, where there is a clear chain of command: the leader at the top passes down the orders to those below, who pass them on out to their subordinates. There is no room for questioning the leader or for inserting one’s own will into the process: one gets orders, and one obeys them. As De Cremer (2006) points out, there is no room for latitude—one must stick… Continue Reading...
with stakeholders and an improved reputation for the organization. Business practices will parallel ethical decision making processes, used in each department. Individual employees will model their behavior after leaders, who establish a benchmark for environmental sustainability and overall performance. The organization’s investment in ethical training practices will pay off almost immediately in measurable… Continue Reading...
the organization: manage risk at both strategic and operational levels.
3. Be involved in the decision making process by assisting in prioritizing and highlighting the way to appropriate action.
4. Directly address issues of uncertainty: don’t allow change to be a factor.
5. Systematize the approach: manage risk through structured and timely processes.
6. Be evidence-based and up-to-date when making informed decisions.
7. Adapt the… Continue Reading...
this scenario, everyone is to be involved in the decision making process (Hofstede, 1984).
Individualism verses collectivism can be defined as the tie strength that individuals have to other people within their society. High individualism score is an indication of…[…… parts of this paper are missing, click here to view the entire document ]…term orientation requires less compromise and use of flattery empowers. Indulgence verses restraint is the Hofstede’s sixth dimension. Countries with high indulgence verses restraint score encourage people to express their emotions by having fun. Countries with low indulgence verses restraints score emphasizes on regulation of people’s… Continue Reading...
the business. Specific measures encompassed in this tool are political, economic, social, and technological. Restaurants can improve their decision making processes and timing. PEST analysis is essential in tackling future challenges and highlight opportunities (Ho, 2014). Engaging this tool in analyzing the industry helps dissect the macroeconomic factors that determine the future of 3 Squares Restaurant with the United States and specifically Minnesota where it is headquartered.
Political Factors
Squares Restaurant is affected by factors emerging from the political industry in the restaurant industry. Political factors segment discusses the effects of government intervention on the micro and macroeconomic environments. Significant political factors affecting include:
Public health policies are… Continue Reading...
