Rational decision making, strategic reference point theory, traits and experience, assignment help (1 page each)


1. In general, managers who diligently complete all six steps of the rational decision making model will make better decisions than those who do not. In theory, fully rational decision makers maximize decisions by choosing the optimal solution. In practice, however, this is often easier said than done. Use the Internet and/or other sources to research a company that is currently facing a significant dilemma. Read at least two articles to study the problem, research potential solutions, and determine how the rational decision-making process can be applied to discuss what should be done. Describe how using the rational decision making process could improve the quality of the decisions being made. Your report should be 1 page in length.2.Strategic reference point theory suggests that when companies are performing better than their strategic reference points, top management will typically choose a risk-averse strategy. When performance is below strategic reference points, risk-seeking strategies are more likely to be chosen. A situational analysis, also called a SWOT analysis is an assessment of the strengths and weaknesses in the organization’s internal environment as well as the opportunities and threats in its external environment. A situational analysis can provide data for the strategy-making process. Choose a company to research. Some choices might include Apple, Google, Redbox, or Netflix. Conduct some basic Internet or other research about the company. Assess the company’s strengths, weaknesses, opportunities, and threats. Identify steps they took in the strategy making process as well as at which level each decision was made. Your report should be 1 page in length.3. How you will connect your traits and experience? Review the following URLs to develop a strategy and a document that connects the personality traits you want the interviewer to know about, and how you will demonstrate that:http://www.uoregon.edu/~sanjay/bigfive.htmlhttp://stress.about.com/od/burnout/a/mental_burnout.htmhttp://gbr.pepperdine.edu/011/culture.htmlDiscuss what a personality trait is, what are good ones to highlight, which ones should you not discuss? How do these qualities impact your work? The completed assignment should be at least one page, double spaced.

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