Problem solving you need to figure out why your

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Problem SolvingYou need to figure out why your profit margin has been falling.You need to figure out the best way to set up your quality control process.You need to identify how to better motivate your employees.Decision-makingYou have to identify what entrée to order for dinner.You have to choose which car to buy.You have to figure out which friends you will go out with on Saturday.
2. Rational approach to decision-making (Connect, Perform)If the economy goes into a recession during our expansion, we will rent out half of the new warehouse space.Contingency planIn deciding what graduate program to attend you start by identifying the programs that are less than an hour away from yourhome.Generate alternativesYour goal was to capture at least 25% market share by the end of the year, but with six months to go you have only 15%market share.Identify the problemYou decide that if your customers’ taste changes away from the custom fruity nut caramel clusters afteryou have investedin it, you can convert the production process to be a more efficient way of making the nut caramels that have long been acustomer favorite.Contingency planYou identify your financing choices as taking out a bank loan, lending the company your personal funds, or financing theexpansion out of current cash in reserve.Generate alternativesAs the production line for the custom fruity nut caramel clusters is being implemented you realize that if you do it slightlydifferently than you originally decided you can produce 10% more candy every hour.ControlAlthough you thought that paying high performers significantly more than low performers best motivated your employees,when you looked at the data you found that wide disparities in pay actually weakened trust among team members and thesocial connectivity that contributes to strong team-based decision-making.Evidence-based managementAlthough you made the right decision to restructure the lower-performing unit of the company and reduce costs by 20%,employee resistance and the subsequent low morale is making it difficult to execute the cost reduction plan.ImplementationIn considering the choice to fire the lowest performing 10% of your employees, you decide that the benefits of doing sowould be outweighed by the costs of low morale and decreased trust and decide to do something else to improveperformance.Evaluate alternatives
3. Behavioral aspects of decision-making (Connect, Perform)Because you cannot make both marketing and production happy with your decision about the new toy design, you have toengage in suboptimizing when making the decision.Because it isn’t very important to you, you glance at the menu and order the first thingthat sounds good. You have engagedin satisficing in ordering your lunch.In general, ethical dilemmas for managers tend to center on direct personal gain, indirect personal gain, or simple personalpreferences.

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Term
Spring
Professor
John Dioe
Tags
Organizational studies and human resource management, Alex, supervisor, Ryan lazy

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