Decision Making

Personal Ethics In Business – Individual Decision Making Before exploring individual and situational factors that influences individual decision making process, it is important to understand the key aspects that drives an individual to make ethical decision in the business world. These aspects are psychological biases, organizational cultures and human dignity (Crane & Matten, 2016). The […]

Organizational Decision Making             Organizational decision-making is a process that occurs daily in organization, which employees go throughout their work experiences. No matter the importance that a particular decision being made possess, it will influence negatively or positively on the organization and its customers (Daft & Marcic, 2010). The paper will analyze and interpret the

Leadership Leadership is defined as the achievement of an objective by human assistance. While a successful leader is the one that engages employees based on their needs and understand what motivates them. Good leadership style is the one that create the opportunities for the employees to learn and grow without restrictions(Ballantyne, Berret, & Wells, 2011).

Breaking Even The break-even point refers to the amount of sales where the cost of doing business is equal to business revenue. In this particular point the net business income is equal to zero. The break-even point demonstrates the point where the revenue of the sales equal the total business cost which include total fixed

It is a widely known fact that psychology professionals remain prone to ethical dilemmas due to the sensitive nature of the situations they encounter. It is for this reason that strict adherence to the APA Ethical Principles and Code of Conduct is required to ensure the well being of their subjects together with those closest

The decision to purchase a personal vehicle is influenced by many factors which vary from economic, the performance of the vehicle, social and personal issues. This does not leave out the fact that considerations have to be made on the economic status because this affects many aspects including pre- purchasing and after- purchasing of the

Finance is the most important aspect of any organization. Any activity of the organization, no matter how meticulously planned is dependent on the funds available with the organization. If the funds available within the organization are inadequate, the firms will rethink their choices and plan according to the available funds. The funds crunch may leave

One of the external environmental factors that affect the decision making is economic environment of  the nation. Economic environment in modern world is very dynamic .It includes various external factors as well as internal factors like employment, interest rates, which effects the business. With the growing economy, countries experience an increase in per capita income,

How can sample data support or inform economic decision making within an organization? Can the sample data have errors or be problematic when making decisions? Provide an example. Sample data helps in supporting or informing economic decision making, by testing for the significance of economic policies and decisions with respect to the population.The use of