PSY 302 Week 2 DQ 2 Decision Making in the Workplace/ Uoptutorial
For more course tutorials visit www.uoptutorial.com The decision-making process is important at every level of an organization. Regardless of position, workers are faced with making daily decisions. Apply the six-step rational decision-making model, within Chapter 8 of your course text, to one of the following situations: a. You are a product officer for a high-tech company. You have two new products to market, but only have funding for one. How will you determine which product to introduce? b. A large advertising agency is working with a client who wants to gain market shares from its competitors by marketing to young professionals. The agency needs to decide whether to spend all of the marketing funds on a single form of media (internet, television, or radio) or to spread it across all three. What decision would you make? Why? c. You are the corporate acquisition officer for a large oil company that has an interest in acquiring an additional small to medium-sized renewable energy company (solar, wind, etc.) in order to diversify your capabilities. What type of company should your organization acquire? Why?
For more course tutorials visit
www.uoptutorial.com
The decision-making process is important at every level of an organization. Regardless of position, workers are faced with making daily decisions. Apply the six-step rational decision-making model, within Chapter 8 of your course text, to one of the following situations:
a. You are a product officer for a high-tech company. You have two new products to market, but only have funding for one. How will you determine which product to introduce?
b. A large advertising agency is working with a client who wants to gain market shares from its competitors by marketing to young professionals. The agency needs to decide whether to spend all of the marketing funds on a single form of media (internet, television, or radio) or to spread it across all three. What decision would you make? Why?
c. You are the corporate acquisition officer for a large oil company that has an interest in acquiring an additional small to medium-sized renewable energy company (solar, wind, etc.) in order to diversify your capabilities. What type of company should your organization acquire? Why?
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<strong>PSY</strong> <strong>302</strong> <strong>Week</strong> 2 <strong>DQ</strong> 2 <strong>Decision</strong> <strong>Mak<strong>in</strong>g</strong> <strong>in</strong> <strong>the</strong> <strong>Workplace</strong><br />
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The decision-mak<strong>in</strong>g process is important at every level of an organization. Regardless of<br />
position, workers are faced with mak<strong>in</strong>g daily decisions. Apply <strong>the</strong> six-step rational<br />
decision-mak<strong>in</strong>g model, with<strong>in</strong> Chapter 8 of your course text, to one of <strong>the</strong> follow<strong>in</strong>g situations:<br />
a. You are a product officer for a high-tech company. You have two new products to market, but<br />
only have fund<strong>in</strong>g for one. How will you determ<strong>in</strong>e which product to <strong>in</strong>troduce?<br />
b. A large advertis<strong>in</strong>g agency is work<strong>in</strong>g with a client who wants to ga<strong>in</strong> market shares from its<br />
competitors by market<strong>in</strong>g to young professionals. The agency needs to decide whe<strong>the</strong>r to spend<br />
all of <strong>the</strong> market<strong>in</strong>g funds on a s<strong>in</strong>gle form of media (<strong>in</strong>ternet, television, or radio) or to spread it<br />
across all three. What decision would you make? Why?<br />
c. You are <strong>the</strong> corporate acquisition officer for a large oil company that has an <strong>in</strong>terest <strong>in</strong><br />
acquir<strong>in</strong>g an additional small to medium-sized renewable energy company (solar, w<strong>in</strong>d, etc.) <strong>in</strong><br />
order to diversify your capabilities. What type of company should your organization acquire?<br />
Why?
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