Managerial Decision-Making

Select a manager. This can be someone you know or someone you have learned about through the news, reading, etc.
Assess his or her strengths in decision making based on assigned reading concepts/theory. Research can also be supplemented from (but not solely based on) other information from academically credible resources.
Assess that same manager’s decision-making weaknesses using the assigned reading concepts/theory. Research can also be supplemented from (but not solely based on) other information from academically credible resources.
Assess the manager’s track record for making ethical decisions including at least one example of either an ethical or unethical decision made.
Defend 2–3 recommendations for management performance improvement in decision making based on sound, academically credible concepts and theories from assigned reading and academically credible research.

Managerial Decision Making

1. Discuss your most recent decision to purchase a major item (entertainment center, automobile, home, etc.). In what way did the acquisition utility or the transactional utility come into play for you 2. Describe the concepts of joint and separate preference reversals. Also, discuss the similarities and differences that exist between the two. 3. Explain the concept of the expected-value decision rule. In your discussion, review how the expected- value decision rule played a part in a recent decision you made. 4. Discuss framing and how it affects the decision-making process.