PPT-Judgment in Managerial Decision Making 8e

Chapter 1 Introduction to Managerial Decision Making Copyright 2013 John Wiley amp Sons The Anatomy of Decisions Judgments involve cognition Common decision situations How to select a postMBA job. Sarah Lennon. Inclusion Ireland. Overview. The current situation in Ireland. Context for Change. Typical Case Studies. The Future. Currently in Ireland. Status Approach to Capacity. Decision that someone ‘lacks capacity’. ECON 6313. Managerial Economics. Fall semester, . 2009. Professor . Chris Brown. Outline. What is managerial economics and why should you study it?. Examples of managerial decisions. Six steps to decision making. Psychology of Personal Decision-Making. Agenda. Balanced Judgment. Recognition. Limited Capacity. Tools. External Memory. Lists. Decision Tables/Trees. De-cluttering. Priming. Heuristics. Decomposition. Chapter . 12. Improving Decision Making. Copyright 2013 John Wiley & Sons. Strategies for Better Decisions. Use decision-analysis tools. Acquire expertise. Debias. your judgment. Reason analogically. Chapter 2. Overconfidence. Copyright 2013 John Wiley & Sons. Write Your 98% Confidence Intervals. Point Estimate. Lower Estimate. Upper Estimate. Wal-Mart’s 2010 revenue. Google’s 2010 revenue. Chapter . 8. Fairness and Ethics in Decision Making. Copyright 2013 John Wiley & Sons. Accepting a Job Offer. You are graduating from a good MBA program. Subsequent to your discussions with a number of firms, one of your preferred companies makes you an offer of $110,000 a year, stressing that the amount is not negotiable. You like the people. You like the job. You like the location. However, you find out that the same company is offering $120,000 to some graduating MBAs from similar-quality schools. . Remuneration. INTRODUCTION. Section 197 & Chapter XIII of the Companies Act,2013 deals. According to section 197 of the Companies Act 2013 total remuneration to be paid to directors, manager and managing director should not exceed 11% of the net profits. . Introduction. Information, Decisions, and Management. Decision Support Technologies. OLAP and DSS. DSS Applications in Corporate Functional Management. Practitioners of Management Science. Achieving Success with Analytics. Chapter . 8. Fairness and Ethics in Decision Making. Copyright 2013 John Wiley & Sons. Accepting a Job Offer. You are graduating from a good MBA program. Subsequent to your discussions with a number of firms, one of your preferred companies makes you an offer of $110,000 a year, stressing that the amount is not negotiable. You like the people. You like the job. You like the location. However, you find out that the same company is offering $120,000 to some graduating MBAs from similar-quality schools. . Have you ever been so involved in watching a movie that you react emotionally or feel a part of the action?. If so, then you have been deeply involved with a work of art.. After you see a new movie or TV program you might recommend it to a friend or tell them not to waste their time. You are judging the show and making decisions about why it was a failure or success. . DR. MRIGANKA DE SARKAR. ASSOCIATE PROFESSOR OF ECONOMICS. CONTACT: et_mit@yahoo.co.in. Monopoly: Why?. Natural monopoly (increasing returns to scale), e.g. (parts of) utility companies?. Artificial monopoly. Chapter 4. 2. Managerial Decision Making. Decision making is not easy. It must be done amid . ever-changing factors . unclear information . conflicting points of view. 3. Definition : Decision . Making. Chapter 1 Decision Support and Business Intelligence. Organization works in a dynamic environment. . . change continuously & rapidly. more & more complex. Course Code: F010101T. By:. Dr . Pravin. Kumar Agrawal. Assistant Professor. School of Business Management. CSJM University Kanpur. Course Outcomes. The aim of the course is to build knowledge and understanding business economics among the...