PPT-Strategic Decision Making in Oligopoly Markets

BEC 30325 Managerial Economics Oligopoly Markets Interdependence of firms profits Distinguishing feature of oligopoly Arises when number of firms in market is small enough that every firms price amp output decisions affect demand amp marginal revenue conditions of every other firm in market. Chapter 7. Formulating and Achieving Purpose. Power, Strategy and Decision Making. Power: Why is it important?. People in organizations have varying degrees of power and authority.. Power has implications for pursuit of goals and patterns of effectiveness.. SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. McGraw-Hill/Irwin. Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved.. Oligopoly Markets. Interdependence of firms’ profits. Distinguishing feature of oligopoly. Arises when number of firms in market is small enough that every firms’ price & output decisions affect demand & marginal revenue conditions of every other firm in market. Managing Change. Organisations operate in a changing environment and change creates opportunities and threats. Candidates should understand how businesses plan for and manage change, and how external and internal change is linked.. Prof. Dr. . . Y. İlker TOPCU. www.ilkertopcu.. net. . www.. ilkertopcu. .org. . www.. ilkertopcu. .. info. facebook.com/. yitopcu. . twitter.com/. yitopcu. instagram.com/. yitopcu. Credits: 3+0. SYSTEMS. Decision Support Software. Reasons for the growth of decision-making information systems. People need to analyze large amounts of information. People must make decisions quickly. People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions. Lauren . Reinerman. -Jones, Grace . Teo. , and . Avonie. Parchment. “Why do leaders fail? They make poor choices that lead to bad decisions. And in some cases they compound bad decision upon bad decision. You cannot separate leadership from . Management. Chapter 1. Learning Objectives. Understand the benefits of . strategic management. Explain . how globalization and . environmental sustainability . influence . strategic management. Understand . Learning Outcomes. Identify the steps in the decision-making process. Describe various models of decision making. Discuss the individual influences that affect decision making. Explain how groups make decisions. Statin Choice Decision Aid Share-Decision Making SCIP Shared Decision Making Shared Decision Making Glasziou and Haynes ACP JC 2005 Promote a process where patients and clinicians make a choice together. Ing. Šárka Zapletalová, Ph.D.. Department . of. Business . Economics. and Management. STRATEGIC MANAGEMENT. Basic . information. Course. : . Strategic. Management . PEMNASMA. Tutor: Šárka Zapletalová. Aim. To prepare executive leads and on call managers for strategic leadership in extreme periods of escalation. Outcomes. Knowing your roles and responsibilities;. Knowing your strengths and weaknesses. Implementation In Action. Amy Gee, Portfolio Manager, EITDM. Office of the CIO. April 2015. Enterprise . Information Technology . Decision . Making* is an . operational structure and process to . smartly decision strategic IT investments in support of UW-Madison’s Strategic Goals.. Neil Harrison. University of Sussex. Formerly: Institute of Cognitive Neuroscience . & Wellcome Trust Centre for Neuroimaging. Multiple decision making systems. What happens when one or other breaks down?.