Decision Making Of An Organization - 2339 Words

Decision making in an organization can be a positive strength that can be used individually and in-group situations. In every organization there is a team enviorment that gets created. The focus that needs to be made when making a group decision is listening to each other, formulation of questions and how they present their views. When there is an enviorment where every person in the team feels comfortable this raises the quality of the decisions being made (Foundationcoalition.org, 2014). Individual decision making can be sorted by examining cognitive styles that work best for each individual that are used for gathering information and evaluating alternatives. Features of insight and creativity can be developed to help assist the decision makers. Ultimately, the use of technology systems can help individual and improve team groups through expert methods and group decision support systems. The nature of todays work in organizations becomes more complex, dynamic and global; there has been an increasing emphasis on the exertion of virtual teams as organizing units of work. Even though there is little knowledge about the new form of work unit this report will briefly touch on understanding virtual teams and in particular to identify the implications it might have for an effective leadership (Bell Kozlowski 2002). In an organization to be successful their needs to be influences of top management teams that make strategic decisions which influences the organizationalShow MoreRelatedThe Decision Making Of An Organization1367 Words   |  6 PagesThe Decision making Continuum- One of the manager’s most important jobs is to determine the outcome for a task. He has to decide on goals and provide assignments for employees to complete. However, it is just as important for the manager to be clear about how decisions related to these goals will be made. In leadership and management theory, decision making power can be examined using a visual model called the decision making continuum or the Tannenbaum and Schmidt continuum. This model shows howRead MoreMaking Decisions For An Organization903 Words   |  4 PagesMaking decisions is a much more complex process than just trying to figure out whether to do something or not. It often requires more than just a â€Å"Yes† or â€Å"No† answer. The right choices are crucial to an organization in order to address important issues and to produce positive outcomes. Often time’s smaller decisions help figure out the bigger picture. For instance, in the movie The Insider Wigand had to decide whet her becoming a whistleblower was worth the threat to himself and his family. UltimatelyRead MoreThe Decision Making Of An Organization1367 Words   |  6 PagesThe Decision making Continuum- One of the manager’s most important jobs is to determine the outcome for a task. He has to decide on goals and provide assignments for employees to complete. However, it is just as important for the manager to be clear about how decisions related to these goals will be made. In leadership and management theory, decision making power can be examined using a visual model called the decision making continuum or the Tannenbaum and Schmidt continuum. This model shows howRead MoreOrganization Decision Making Process1052 Words   |  4 PagesAn organization continually makes decisions at all levels. Until the past decade, most organizations and their managers and employees operated in an information and knowledge fog, making decisions based on best guesses about the past and present, and making expensive errors in the process. Many have failed throughout the course trying to improve the decision making process, there are many ways that contribute to the failure. Organizations can ea sily miss the market, by not having the right intelligenceRead MoreDecision Making Across the Organization741 Words   |  3 PagesDecision Making Across the Organization Ramonica George ACC/561 January 14, 2014 Grace Kalil Decision Making Across the Organization When it comes to decision making across the organization, managers must have an understanding of cost effectiveness, selling, pricing, and budgeting. The organization must be able to accurately budget for variable cost as well as fixed cost while maintaining an increase in profit and revenue. In this paper, I will discuss the different view-points of decisionRead MoreDecision Making in Healthcare Organization1494 Words   |  6 PagesRunning Head: Decision Making in a Healthcare Organization 1 Decision Making in a Healthcare Organization Xavier Hunt MHA 601: Principles of Healthcare Administration Professor Jack Lazzare December 19, 2011 DECISION MAKING IN HEALTHCARE ORGANIZATION 2 In the health care profession a CEO will be asked to make a lot of difficult decisions. The CEO will not only have toRead MoreLeadership Of An Organization And Making Decision865 Words   |  4 PagesWhen managing an organization and making decision, it is important to develop leadership skills. Leadership is multi-faceted and there are many different approaches that are used in leadership. What is leadership? Leadership is the ability to influence a group toward the achievement of a vision or a set of goals. (Robbins Judge p. 385) Leaders are those who have the influence to motivate people to take a vision and put it into action. Often, people in management have assumed positions of leadershipRead MoreDecision Making For The Success Of The Organization1336 Words   |  6 PagesDecision-making in management is essential to the success of the organization. Decision-making in one s personal life is just as essential. In making decisions it is important for a person to be aware of different decision-making techniques, tools and approaches. In this paper I will explore two different tools of decision-making as applied to a decision that I need to make and I will also identify possible solutions to my decision. Lastly, I will compare the results of my two different techniquesRead MoreDecision Making Process Of An Organization1829 Words   |  8 Pagesassist the decision maker in speeding up the decision making process There are various heuristics or methods that can speed up the decision making process of an organizations or the decision maker for the company in a given framework. When the organization is working under the global market, the methods to speed up the decision making process is extremely important for the decision makers of the organizations. Defining the problems There can be two or more problems in an organization when it is workingRead MoreDecision Making Within The Organization1002 Words   |  5 Pages First and foremost, stakeholders are individuals that have an interest or even influence of decision making within the organization. Stakeholders along with elected officials, organizations, and special interest groups are valued based on their contributions and connections. In comparison amongst all organizations, healthcare stakeholders play a key integral part because of regulations. Health care is highly regulated and policy driven and the right personnel in your corner can go a long

All Quiet On The Western Front - 1243 Words

â€Å"This book is to be neither an accusation nor a confession, and least of all an adventure, for death is not an adventure to those who stand face to face with it. It will try simply to tell of a generation of men who, even though they may have escaped its shells, were destroyed by the war† (Remarque Prologue). All Quiet on the Western Front recounts the tale of six German warriors who volunteered to battle in World War I, and it reports their hardships mentally, religiously, and physically. The novel is told from the point of view of one staggeringly perceptive youthful warrior, Paul Bà ¤umer, who uncovered subtle elements of life on the Western Front. Creator Erich Maria Remarque himself had battled on the Western Front when he was eighteen years of age, and he endured a few wounds. The repulsions of what he saw as an officer stayed with him. This book was situated in World War I, where numerous nations were put in an undesirable position, the European nations all felt that it would be a short war and numerous individuals enlisted, yet ended up being one of the bloodiest wars ever. Serbia and Austria-Hungary began the war, they did not get included in the war, and they let their Allies battle for them. The Allied forces: Great Britain, France, and the U.S. crushed Germany. They made a bargain: The Treaty of Versailles, which greatly reprimanded Germany. The bargain left Germany with scorn in their souls, which prompted World War II. In All Quiet on the Western Front, RemarqueShow MoreRelatedAll Quiet of the Western Front756 Words   |  3 PagesPlot Summary: All Quiet on the Western Front Written by Erich Maria Remarque, All Quiet on the Western Front is the tale of a young man by the name of Paul. Paul who is nineteen years old gathers several of his friends from school and together they voluntarily join the army fighting for the Axis alliance. Before they are sent off into actual battle, they are faced with the brutal training camp. Along with this they face the cruelty of the life of a soldier. This made them question the reason forRead MoreAll Quiet on the Western Front700 Words   |  3 PagesThe greatest war novel of all time, All Quiet on the Western Front, by Erich Maria Remarque, is a novel that depicted the hardships of a group of teenagers who enlisted in the German Army during World War 1. Enlisting right out of high school forced the teens to experience things they had never thought of. From the life of a soilder on the front line to troubles with home life, war had managed to once again destroy a group of teenagers. Throughout the novel, we saw the men of the Second CompanyRead MoreAll Quiet On The Western Front1797 Words   |  8 PagesTitle: All Quiet on the Western Front Creator: Erich Maria Remarque Date of Publication: 1929 Class: War Novel Anecdotal Information about Author: -Erich Maria Remarque was conceived on 22 June 1898 into a working people family in the German city of Osnabrà ¼ck to Peter Franz Remark (b. 14 June 1867, Kaiserswerth) and Anna Maria (nà ©e Stallknecht; conceived 21 November 1871, Katernberg). -During World War I, Remarque was recruited into the armed force at 18 years old. On 12 June 1917, heRead MoreAll Quiet on the Western Front943 Words   |  4 Pages The book All Quiet on the Western Front, by Erich Maria Remarque, is about a group of 19 year old young men who are changed by the ways of war. There is paul: the main character; Tjaden: a tall, skinny locksmith, also the biggest eater; Albert Kropp: a lance-corporal and the clearest thinker; Muller: studious, intelligent, and likes school; Leer: has a preference for the girls from the prostitution houses and has a beard; Haie Westhus: a peat-digger, and big in size; Deterring: a peasant, he alwaysRead MoreAll Quiet On The Western Front2393 Words   |  10 PagesAll Quiet on the Western Front: Book Review Erich Maria Remarque, author of All Quiet on the Western Front, actually fought in WWI (Remarque 297). Because of this, he was able to write this book with accurate depictions of the war. He writes how being in combat can really take a toll on a person and affect them in a negative way. He also writes of the pain and suffering that the soldiers must cope with that comes along with living in constant fear and danger. When looking at the title of theRead MoreAll Quiet On The Western Front2085 Words   |  9 PagesThis essay will consider the different effects created by Erich Maria Remarque in his novel All Quiet on the Western Front. As a writer, Remarque unknowingly left his novel open to readers with completely different perspectives, and to various forms of criticism. This undoubtedly meant that every single reader had been affected by the novel in many different ways which unfortunately for Remarque may have been an effect that he never intended. This essay is divided into 5 main sections. Firstly itRead MoreAll Quiet On The Western Front1089 Words   |  5 Pages In Erich Maria Remarque’s novel, All Quiet on the Western Front, human nature is the only abstract periphery between belligerent barbarism and justifiable violence. Through the insipid bombardments that rained shells over the Germans’ heads and noxious implementation of mustard gas, Remarque dexterously misleads the reader into believing that he fights in an apathetic war where all remnants of human nature and identity have been destroyed with the introduction of trench warfare. Through Paul Baumer’sRead MoreAll Quiet On The Western Front1509 Words   |  7 Pagesâ€Å"He fell in October 1918, on a day that was so quiet and still on the whole front, that the army report confined itself to a single sentence: All quiet on the Western Front† (Remarque 296). Paul Baumer, the narrator of All Quiet on the Western Front, enlisted into the German army at a young age of nineteen with a group of friends from school. Kantorek, Paul’s teacher, â€Å"gave us long lectures until the whole of our class went, under his shepherding, to the District Commandant and volunteered† (RemarqueRead MoreAll Quiet On The Western Front1129 Words   |  5 PagesIn Erich Maria Remarque’s All Quiet on the Western Front, soldiers at the front have a better idea than civilians of the true n ature of war because they have experienced the war while civilians have only read about it or listened to government propaganda. Remarque is trying to tell us that only those who experience the war can understand how awful war truly is. In All Quiet on the Western Front, the main character Paul goes back to his home, the people he meets still think that the Germans are winningRead MoreAll Quiet On The Western Front1790 Words   |  8 Pagessmell of cigar smoke, gunpowder, and dirt that filled the air. There was no nationalism; all Paul wanted was survival. World War I was supposed to be about nationalism and the propaganda forced upon the soldiers to feel superiority over other countries, but Paul helps to prove otherwise, as his story tells what is was like to be at the front, and how tough it was to be a soldier. â€Å"All Quiet on the Western Front† portrays war as it was actually experienced, replacing the romantic picture of glory and

Mr Makedama Free Essays

Macadam case analysis by UCT group of MBA students Company overview: Macadams Bakery Supplies Holdings (Macadams) is a manufacturer of oven and other appliances for the baking industry. Their financial statements for 1996 highlight a very strong year. Turnover grew by 59% to R125. We will write a custom essay sample on Mr Makedama or any similar topic only for you Order Now 3m and profit increased by 81%. An acquisition of Livanos Brothers (February 1996) took place in response to the increased demand in the local market as well as an expansion of market base in foreign markets. Depreciation of the Rand against other major currencies also supported export sales. The company has entered a phase of rapid expansion, expanding its main factory in Cape Town by 50%. As well as opening new sales and distribution centers in Durban and Bloemfontein in the current year, with further plans to expand in to Zimbabwe in the following year. An analysis of the company’s financial statements will determine whether the company is in a position to leverage its expansion, or whether it is perhaps growing too rapidly. Detailed Financial Analysis Profitability: Macadams experienced a healthy turnover, which increased by 58. 5% between 1995 and 1996. This â€Å"abnormally† high growth in turnover was due to a surging demand for their products, favorable exchange rates and acquisitions of business’s, which complimented their current product portfolio. They further expanded the operational network to service the growing market they were operating in. It should however be noted that a growth rate of 58. 5% per annum is not sustainable or realistic, and although Macadams has extended their products and services to global markets through joint ventures and MA’s, there would be a point where there growth would become organic, or at least in line with industry standards.. Although operating and net margins have improved since 1995, the net margin remains low at 8. 5%. This indicates that despite dramatic increases in revenue, Macadams have only marginally improved the ability to generate profits. Liquidity: The income statement displays a healthy growth by Macadams; however the cash flow statement shows a contradictory picture. Macadams have a serious liquidity problem. Cash generated from operations is significantly down by 87% in comparison to the prior financial year. The operation did not generate sufficient cash to fund its interest, taxation or dividends payments for the year. As a result these payments were made through borrowed funds. Working capital movements in 1996 adversely impacted cash generated by operating activities, with a noticeable increase in working capital of 595% from R2. 7million to R19million. This is due to an increase in inventory of 66%, to meet perceived consumer demand, which was funded by cash resources. There has also been an increase in debtors of 129%, due to increased credit sales. Furthermore, creditors increased by 87%, which only partially offset the increase in current assets. This is a scenario of a business expanding too rapidly. There are high levels of sales and gross profits, but a serious cash flow problem created by inventory build-up, and high level of receivables. Cash is now tied up in stock and debtors. The lack of available cash in the business could impact Masadams’s ability to service their short-term liabilities. Efficiency: Macadams have become less efficient in 1996. The accounts receivables increased by 129% in 1996. Reviewing the debtor’s collection period we can clearly see the longer collection period (53 days in ’95 to 77 days in ’96) could be indicative of more relaxed credit terms, which could be MBS’s strategy to attract more sales and increase turnover. This strategy does however create a risk of bad debt and creates a problem for operational cash flow, as it currently is experiencing. It is also noted on the financial statements that Debtors have been used by ceded to the banks as security for facilities granted. Cession of debt means that the banks do not have faith in Macadam’s ability to repay its debt. Leverage The debt ratio has increased by 9%; this was for the funding of the expansion. The additional funding taken out, mortgage loan is secured by land and buildings, and the movable assets secure the installment sale agreement. This is risky as it means should Macadams fail to make payment on either of these loans, they would lose R4. 3 million of its movable and immovable assets. Incurring debt to expand their operations and grow the business is not a bad thing, and is necessary. Despite the massive increase in debt, the interest cover ratio is still healthy. This however, is not a cash based ratio and gives us no indication as to whether the company is able to make its cash payments to service the increased quantities of debt. For this reason the concern would be raised with respect to Macadams ability to service their debt. This concern is specific to their lack of liquid funds available in the business. DuPont analysis: With the aid of the DuPont model of analysis the following observations were made: Macadams ROE, of 30. 63%, has decreased by 1. 4% during the financial year under review. However it could be seen as a good return on equity, as it is 10% higher than the prime interest rates at the time (20. 25% Nov 1996). Macadams have become less efficient in using its assets to generate profits. Its’ efficiency ratios demonstrate a drop from 2. 37 to 1. 90; however this could be explained by the timing of the acquisition of assets. Vacant land was acquired in September 1996, just three months before the December year-end, and new premises opened in Bloemfontein in November 1996. These assets would not yet have had the opportunity to generate the profits that may be expected in future. Macadams profitability has increased marginally since the previous year; however their net margin is still a low 8. 50%. Macadams are not using its revenue to generate sufficient profits. In terms of leverage, the ratio has increased marginally from the 1995 financial year, to 1. 89, in line with increasing debt in terms of both long-term and short-term borrowing. Conclusion: Macadams are a promising business which is currently generating high sales volumes and generous profits. The problem with the business is the following: †¢Their inability to translate their sales into cash. The drive and efforts to grow the business at a rate which is not practical to their available resources and balance sheet; this results in the following: oAccrual of high volumes of long-term and short-term debt. oHigh inventory levels as a result of their steep growth plan which they have implemented (cash on the shelves/in the store room) oIncreased overheads to operate newly established network offic es to service the market. If Macadams operates their business as they are, they will eventually grow their business into bankruptcy. As a â€Å"turn around† strategy, I would implement the following initiatives to maximize the output of the business and create a more sustainable business model. †¢Slow-down the growth rate which Macadams is currently experiencing. †¢Limit its debt, i. e. not take out any further debt. †¢Analyze the current business operations to improve operational efficiency, thus decreasing COS of sale per unit sold, and inevitably increasing gross, net and operating profit margins. †¢Improve sales efforts to reduce inventory levels, and simultaneously increasing overall sales. Macadams should also review their current costs and look for cost saving initiatives. This will ensure that the revenue increase is matched with a similar increase in profits. †¢Ensure the business is more liquid by having more operational cash and cash in the business; this can be achieved by decreasing the debtor’s collection period from 77 days to 30 days, and increasing their cred itor’s period to 45 days. If I had shares in Macadams I would hold on to them if the above initiatives were implemented, as this would ultimately result in an increased EPS. How to cite Mr Makedama, Papers

Resolving Dispute

Question: Discuss about the Resolving Dispute ? Answer : Introduction The complaint was placed by a client who wanted a refund since a phone they bought had crashed and stopped functioning even before he had completed his $60 per month plan. Having filed the complaint in writing as required by the organization, the second stage was to look in to it according to the organizational policies. The organization states that a complaint should not take more than 24 hours of receipt without a reply. My response was as follows: Response According to Corones (2013) Australian consumer law state that every service and product will always have guarantees by default. In line with these national policies, our organization acknowledges that each and every customer is entitled to a refund. This, however, applies when the problem regarding the product is major as stipulated by the (Corones, 2013). Our organizational policies are in line with the Australian customer that; a customer must confirm that the product matches the description of advertisement as well as labels and packaging. The customer should also verify that the product is in line with the model of demonstration and not a replica of the original. Our organization insists that you understand all policies before signing the contract (Perera, Simpson, and Lipianin, 2015). On acceptance, our organizational policy states that the customer should be supplied with technical support for 24 months, a policy that is only applicable only to a technical problem. In the case of an accident which leads to malfunctioning of the gadget, our organization is not to be held reliable. If the gadget fails due to such accidents before clearing the plan, our organizational policy states that the customer should clear their plan regardless. However, the company policy guarantees a refund or replacement with the exact product in cases of major problems due to technical failure. We are sincerely sorry for any inconveniences. For more clarifications, please feel free to contact us. References Corones, S. G. (2013).The Australian consumer law. Thomson Reuters, Lawbook Co.. Perera, A., Simpson, L., Lipianin, Y. (2015). Dont Just S