Business Decision Making - Essay Example

Only on StudentShare

Extract of sample
Business Decision Making

The individual, the community and the social and political hierarchy that constitute the system, now face new risks brought forth by the choices they have to make or will make in the future. This is a result of the deluge of information, the flooding of goods in a free market economy and the proliferation of environmental and scientific awareness that conflict with other pieces of information, alternative goods and concepts that are readily available at a flick of a finger. These aforementioned conveniences and awareness are sometimes deemed liabilities in contemporary society as access to specialized knowledge and the profound understanding of risks have deemed it difficult for societies to formulate institutional and collective decisions. However, individuals, with their predilection for personal control, are in some ways encouraged by consumerism and their ability to purchase and thus, decision-making can easily be generated in the personal level.
The present transition of societies from industrial to knowledge societies has significantly affected not just individuals but also the economy and our political structure as well. With the societies' and the individual's volume of knowledge at the effortless disposal increasing at a high-speed rate and doubling every five years, the rise of the new social order founded on knowledge is inevitable (Stehr, 2001). ...Show more


Topic: "Access to specialised knowledge makes decision-making easier in contemporary society" Discuss using examples of medical, religious and environmental knowledge. Essay needs to reflect how access to specialised knowledge can make decision making both easier and harder…
Author : morargarrick
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Business Decision Making"
with a personal 20% discount.
Grab the best paper

Related Essays

Business Decision Making
Business Decision Making        Research methodology is the one of the most significant part in any of the research undertaking. Collection of the most reliable data is very much essential in order to reach the most precise conclusion and decision making.
12 pages (3000 words) Essay
Management Information System: BAM Construct UK case
This paper focuses upon a Management Information System that is concerned with the ‘collecting, processing, storing, and transmitting relevant information to support the management operations in an organization’. The success of operations in the organization depends highly on the accuracy and timeliness of the information to be used in decision-making processes.
7 pages (1750 words) Essay
Business Decision Making
In business, decision making is an inherent management activity. In the business arena, every manager whether of a high, middle or low level in an organization, has to encounter a situation which requires them to make a decision. For example, the chief directors of a company make grant strategic decisions while middle level managers like the head of departments makes decisions concerning the relevant task in there area of concern.
6 pages (1500 words) Coursework
Business decision making
In a report released by the bank’s personal Banking Director, the bank’s regular clients have been fluctuating between 15021 and 16110 from 2006 to 2010, with the highest number of regular clients recorded in 2007 while the lowest in 2009 (Institute of Business and Management, 2012).
14 pages (3500 words) Essay
Business Decision Making
Theory X and Theory Y remains one of the widely quoted and applied theories of motivation. The theory is attributed to Douglas McGregor who developed it in the 1960s (Ramlall, 2004). The two theories focus on the element of human character and nature as the source point of motivation.
3 pages (750 words) Essay
Business Decision Making
2: Impact of fiscal and monetary policy 4 P2: 3 Impact of Apple company competition policy 6 P3: 1 How market structures determines pricing 6 P3: Relationship of Market forces of demand and policy 7 P3: 3 Pest analysis of Wal- Market Supermarket 8 P4. 2 Analyse the impact of global factors on UK Supermarkets 9 P4: 3 Evaluate the impact of three policies of the European Union 10 Task One: Advice for the garden center 11 Task Three: Advice for the shoe retailer 12 Task four: Advice for a company introducing new computer system 12 Appendix 15 P2.2: Impact of fiscal and monetary policy Fiscal and monetary policy narrows down spending and taxes.
7 pages (1750 words) Assignment
Business Decision Making
349,999, ?370,000, ?375,000 ?370,000 3 bedroom terrace house ?395,000 ?395,000 ?395,000 3 bedroom semi-detached house ?466,212.5 ?444,950, ?450,000, ?469,950, ?499,950 ?459,975 2.2 In this section, the point is based on the above results to draw valid conclusions as to how much should be budgeted to buy a 4 bedroom terrace house with 4 toilets.
6 pages (1500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email