Free Essays on Decision Making to Get Inspired & Learn by Example

Discuss the role of emotional intelligence in decision making

Emotional Intelligence or in other words Intelligence with emotions have a deeper meaning than only being words. Emotion states the internal feeling for someone while intelligence states the ability to solve the problems. Here in this essay the role of emotional intelligence in decision taking is being discussed to know the importance of emotional intelligence in the life of a manager who takes decision of the operations of an organization. It is the ability to solve the problems with right feeling with the best skill and capability of the management (Caldarola, 2013). It involves communication of the feelings with Continue reading...

Exam Questions

Question 1: Organisational politics in organisations .Definition of what organisation politics are. Does it exists or not? If yes or no, why?

Answer:

When working in the corporate environment, the need to prove oneself better than the others, in order to gain certain favours, arises. This behaviour can be both constructive and destructive, depending upon the people involved. Everyone in the corporate world works to gain some objectives; these objectives can be monetary or abstract such as social position or status. If people in an organisation restore to self-serving style in order to gain their objectives, whether collectively or individually, Continue reading...

DECISION-Making

Decision-making is an important process. It can be a task, which needs a simple decision to be made or a difficult situation involving several issues. In difficult situations, there may be uncertainty and complexities, wherein there may be interrelated factors that could lead to high-risk consequences, the impact of the decision made could be very important. Every situation will have its own set of uncertainties and consequences. Interpersonal issues too come in the way of making an effective decision, as it is difficult to predict how people will react to different situations.
If there is an effective process, even Continue reading...

Introduction

In “Understanding the Role of Power in Decision Making”, Pfeffer (1981) claimed that motivations pertaining to power influence people’s decisions, especially in the workplace or the organizational setting. Pfeffer set out to discuss different dimensions and elements of power to establish and support the author’s theory that the pursuit of, legitimacy, and existence of power affects people’s decisions. Although Pfeffer’s arguments apply in different aspect of our life – from personal to professional relationships – the author focused on power and decision-making within the context of the organization. Pfeffer also discussed power and decision making within the Continue reading...

Abstract

Ethical dilemma characterizes almost every single profession today. Professional across different fields are constantly faced with various ethical issues that require them to make a decision and stand by it. This often proves to be very tricky as there is no clear definition of what exactly is ethical. The health care profession is particularly one whereby ethical dilemmas spring up occasionally, and professionals in this field are forced to make decisions that are ethical. If a health professional, for example a nurse, is not familiar with ethical decision-making processes and models, they can be overwhelmed by the ethical dilemma Continue reading...

Introduction

A lot of people have been talking about emotional intelligence and its significance in achieving personal success. As observed by Meek and Schumacher, intellectual intelligence (IQ) contributes only 20% to an individual’s success while emotional intelligence, luck and social class compensates for the rest. Other scholars suggests that emotional intelligence (EI) is twice more important than IQ in almost any job or activity. Decision making, on the other hand, is one of the major functions of leaders and policy makers. Even in an individual and personal level, people often find themselves in a situation where they would have Continue reading...

Introduction

Managerial economics involves the integration of the basic economic theory and management practices. This field seeks to combine the logical intrigues of economic theories with the problems and policies that the practical manager encounters in business. Therefore, managerial economics is a significant tool that offers techniques for managerial decision-making and policy formation. In business decision making, the combination of economic theory and managerial skills provides an ideal strategy for solutions when confronted with business constraints. Knowledge of managerial economics enhances the analytical skills employed in analyzing the logical structures of business problems thus providing a channel towards the appropriate Continue reading...

CHAPTER 2: REVIEW OF LITERATURE

2.1 CUSTOMER BEHAVIOR
Throughout the history of selling goods, there have always been specialists, today known as marketing experts, who have been trying to understand the behavior of consumers. It has always been interesting to them, as by analyzing behavior of people buying their products they could understand the demand and reach better results and profit. In the past, they were closely studying the factors and aspects of the consumer behavior at the stage of selling goods to them. Still not a long time ago this analysis was consistent and enough for the analytic purposes. However, today markets change, Continue reading...

Introduction of agency

The Central Intelligence Agency (CIA) is the foremost organization that counters terrorism, gathers intelligence with global impact and functions independent of the civilian Government that funds it. The CIA masterminds some of history’s most impactful operations; taking down ruthless dictators, fascist governments and international terrorists. All the goals of the CIA revolve around the common objective to keep the US’s interests secure.

Reason for Selection

The CIA is a genuine public organization that employs over 20,000 Americans and several hundred covert operatives overseas. It also receives its share of criticism in handling assassinations, involuntary experiments, torture-laced interrogations and nurture Continue reading...

Introduction

Supply chain management is an essential tool applied in various operations in an organization. It entails managing raw materials, resources, and information from the supplier to the organization and finally to the end user. This is made possible by the presence of an efficient coordination of various channels that determines how the products and services flow from one party to another, depending on its value and usability. In order to be successful, supply chain management relies on various principles and concepts that enable various stakeholders to make a critical decision on whether to attain the desired product and service Continue reading...