Monday, February 17, 2020

Business Decision Making Essay Example | Topics and Well Written Essays - 1000 words

Business Decision Making - Essay Example It has done extensive market analysis and has been able to put measures of probability on the happening of each of the outcomes. However, these are subjective estimates as there is no past data to rely on. What decision the management of MPL finally takes depends a lot on whether they are risk-averse, risk-neutral or risk-loving. That would decide whether they opt for Maximax, Maximin or Minimax course of action (Jones 2004). Effectiveness of Decision Making Structure Decision making by a business organization is largely dependent on the structure of the decision making body. In a sole proprietorship organization, all decisions are taken by a single person. Hence, the entire decision making process is fast without any time consuming meetings and exchange of opinions. But, such decisions could also be incorrect at times as there are usually no inputs from other people. However, in organizations that have more than one owner, decision making is done through interactions between managin g partners and quite obviously decision making takes a far longer time than it takes in single owner scenarios. But, one must realize that though it is more time consuming, any decision making process that involves more than one person is better than a single person taking decisions. This is simply because while such decisions are taken, several, often differing, perspectives are considered and this aids in arriving at a more balanced decision (Cyert and March 1992). In case of MPL the decision making process is fairly inclusive and democratic in nature. Other than Lee Corbusier and Frank Lloyd, managers of three separate divisions meet once every month to discuss company strategy, market trends and receive departmental reports. This allows managers to micromanage their individual... The author begins with the description of the decision-making model of the company. The author thinks that decision-making by a business organization is largely dependent on the structure of the decision-making body. In a sole proprietorship organization, all decisions are taken by a single person. Hence, the entire decision-making process is fast without any time-consuming meetings and exchange of opinions. But, such decisions could also be incorrect at times as there are usually no inputs from other people. However, in organizations that have more than one owner, decision making is done through interactions between managing partners and quite obviously decision making takes a far longer time than it takes in single owner scenarios. But, one must realize that though it is more time consuming, any decision-making process that involves more than one person is better than a single person taking decisions. This is simply because while such decisions are taken, several, often differing, perspectives are considered and this aids in arriving at a more balanced decision (Cyert and March 1992). In the case of MPL, the decision-making process is fairly inclusive and democratic in nature. Other than Lee Corbusier and Frank Lloyd, managers of three separate divisions meet once every month to discuss company strategy, market trends and receive departmental reports. This allows managers to micromanage their individual departments while corporate decisions are taken by the management team.

Monday, February 3, 2020

The Use of Multi-word Units (MWU) Essay Example | Topics and Well Written Essays - 750 words

The Use of Multi-word Units (MWU) - Essay Example I will employ key sequence analysis to reveal the significantly overused or underused MWUs by Taiwanese learners. In addition, this analysis will explore the extent to which use of MWUs developed over time. Time in consideration is the one-year intercultural exposure of Taiwanese with their British peers. The aim is to analyze the MWUs used by Taiwanese students to examine their approximation to those sequences used by native speakers of English. Previous section proved that use of MWUs is often linked to particular conditions of use. It also established three central functions of communication could be achieved: social interaction, necessary topics, and discourse devices (see Biber et al., 2004; Nattinger & DeCarrico, 1992; Schmitt & Carter, 2004; Wray & Perkins, 2000). Nevertheless, it is evident that the use of MWUs in different communication modes is different with reference to the functional types, as shown in Table 12 and Figure 1. Concerning MWUs for social interaction, they are extremely common across different datasets. In this study, large amount of conventionalized language is typically attached to them for different speech acts in social interaction. For instance thanks for the to express politeness, it would be to comply with a request, I can’t wait to express personal intension, would you like to provide an offer and an amount of other related usage. Moreover, an increase of the use of MWUs for social interaction can be observed in online communication (BATICC-O) to face-to-face interaction (BATICC-F), occupying approximately 38%, and 54% of the top 50 MWUs respectively. It is likely that the young learners focused more on social interaction when they meet face-to-face. On the other hand, in online communication they focus on number of topics related to the two different languages, cultures and countries. About MWUs serving the function of necessary topics, it can be seen from Table 12 that overall they are particularly common in online