Assume You Are Involved in Important Decision Making in a Medium-Size

question 15

Essay

Assume you are involved in important decision making in a medium-size organization. Three decisions currently face your organization. One is a problem of integrating the inventory management system with your production system. A second involves the selection of another organization for an acquisition. The third is whether to continue a product line that has been losing market share. Your finance vice president believes the product line should be dropped, while the marketing manager believes that more advertising aimed at a different market will revive sales of the product. Discuss which decision-making approach is likely to be most helpful in analyzing each of these situations.

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Definitions:

Multiple Intelligences

A theory by Howard Gardner suggesting that intelligence is not a single entity but consists of various distinct types, each one representing different ways of processing information.

Bodily Kinesthetic

Relates to the intelligence that involves physical movement and the knowledge of the body and its capabilities.

Spatial

Related to the perception, understanding, and organization of physical spaces and their dimensions.

Linguistic

Relates to the study of language, its structure, use, and the way it changes over time.