Business Management Assignment Details
Business Management Assignment Details
You have just been promoted from front-line supervisor to be one
of the firm’s senior managers. During your business education, you
learned that the primary role of a manager is to make good
decisions. As a supervisor, you had frequently been making
routine decisions, but you realize that decision making for the
overall company can and will have far greater impact on the
company and its employees.
Your boss, the chief executive officer (CEO), realizes that you do
not have much practice in this higher level, decision-making
process and has asked you to write a memo describing your
understanding of how to make important decisions.
Your memo should address the following questions:
Describe at least 3 criteria that would determine whether the
manager is making good decisions. What should be done to
better assure that you are making a good decision?
In the realm of decision making, what are assumptions? Rather
than use a dictionary definition, cite several specific assumptions
that would go with any real-life decision you have made or have
seen made at a company at which you have worked.
Given the importance of proper assumptions, your boss asked you
to assess the accuracy of certain business assumptions and what
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