Managerial Decision Making - Essay Example

Only on StudentShare

Extract of sample
Managerial Decision Making

I have also been asked to perform a self evaluation of the decisions made and to evaluate them myself as to whether I think they were a success or failure for the organization. My supervisor has asked me to email him this evaluation as part of my own yearly evaluation which will be used to decide my yearly bonus, so I have decided to make it as professional as possible. Discussion In posting my self evaluation regarding some recent decisions that I have made for the college, I have decided to evaluate each decision in terms of the six steps mentioned by Bazerman and Moore (2008) in their text and use this as a guide to determine whether each decision was a success or a failure. In this context I would like to define success as being an outcome where it has resulted in a reduction of effort on the part of staff or automated a process or reduced cost or improved the quality and efficiency of the college and its staff. If it did none of these things, I would regard it as a failure. The Office of Fiscal Affairs where I work is responsible for receiving and allocating funds for college use, as well as safeguarding financial assets. ...Show more

Summary

  Unit 1 Managerial Decision Making Discussion Board Question Name of the Writer Name of the Institution Unit 1 Managerial Decision Making Discussion Board Question Introduction We go through life making a number of decisions every day. Some of them are considered routine and ordinary, such as deciding the attire we will wear for work from day to day-while others are life changing and could affect our future in very definite ways…
Author : medhurstbarney
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Managerial Decision Making "
with a personal 20% discount.
Grab the best paper

Related Essays

Hire purchase contracts and Lease in business and how they work
The following study discusses the various methods by which leases are presently differentiated and accounted for in accordance with SSAP 21, the reason and content of ASB statement of codes, the criticism of the approach adopted by the present accounting standard and at last the amendments to the current accounting standard which have been proposed in light of this criticism.
6 pages (1500 words) Essay
Managerial Accounting for Decision Making
Tanya should have explained that management accounting systems are planning and control systems which are usually concerned with the planning and controlling activities of the organization. Management accounting can be defined as: ‘The process of identification, measurement, accumulation, analysis, preparation, interpretation and communication of information that assists executives in fulfilling organizational objectives… a formal mechanism of gathering and collecting data for the ends of aiding and coordinating collective decisions in light of the overall goals and objectives of an organization.
16 pages (4000 words) Essay
Accounting for Managerial Decision Making
In its basic form, cost volume analysis allows the company to understand how the changes in the costs and volumes actually have an impact on the operating as well as net income of the firm. This sort of approach therefore can allow a firm to estimate the level of sales required to generate a specific and targeted level of income.
4 pages (1000 words) Research Paper
Managerial Decision Making
While outsourcing is viewed as one of the ways that associations employ for intensifying their main competencies to allot their assets competently, the question of the extent to which human resource purposes might be outsourced elaborates the consequence of managerial culture allowing outsourcing on managerial performance.
5 pages (1250 words) Research Paper
The financial feasibility of a capital expenditure. Pevensey Plc.
Pevensey Plc is in the process of evaluating the financial feasibility of a capital expenditure which pertains to the purchasing decision of a machine. The procurement department of the company after careful deliberation and consideration have short listed four machines which are suitable and possess all the required functionalities.
5 pages (1250 words) Essay
Accounting Information in Decision Making
Accounting Information in Decision Making Outline i. Introduction ii. Models of decision-making and their limitations (constraints) a. Individual: Subjective Expected Utility b. Group: Theory of the Firm iii. Role of managerial accounting in providing information to aid individual and group decision-making a.
4 pages (1000 words) Essay
Managerial Accounting Practise in Saudi Organizations
MAPs are very beneficial when financial and non financial data needs to be extracted by firms in order to sustain the intense competition in the dynamic business world and timely adapting to change. Past researches have certainly given no guarantee for MAPs as a success tool but on the contrary in the absence of this tool, a firm’s competitive advantage is deteriorated to a significant extent.
9 pages (2250 words) Essay
Accounting and Decision Making
Q1 –Four critical areas of subjective judgment There are pre-invoiced sales for a customer and the goods will be sent in January 2013. The revenue has been already been recognized in December 2012. Under the Accrual principle, income is recognized in the period in which income has been earned even if an invoice has not been delivered.
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
YOUR PRIZE:
Apply my DISCOUNT