Explain this statement as it applies to management decision making.?
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THEORY OF KNOWLEDGE.\nDeming emphasized that knowledge is not possible without theory, and experience alone does not establish a theory. Experience only describes—it cannot be tested or validated—and alone is no help for management. Theory, on the other hand, shows a cause-and-effect relationship that can be used for prediction. There is a lesson here for the widespread benchmarking practices: copying only an example of success, without understanding it in theory, may not lead to success, but could lead to disaster.
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A manager obtains and directs resources to achieve an objective\n\nA leader creates a compelling vision and inspires/influences others to follow them towards that vision
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emmmmmm\n\nd. its not a fuction of x in terms of y explicitly. It needs to be rearranged
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Any decision is appropriate providing:\n\ni) the decision is perceived by you as difficult, and you feel conflicted and/or 'stuck'\n\nii) making the decision is your responsibility (i.e. if it is a management decision it does not have to be made as a committee, or if it is a professional decision it is not really your client's decision)\n\niii) it is possible to carry out the decision within a month of making the decision, and it is possible to make some assessment of how well the decision has turned out within a month of carrying it out
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It is talking about the design and use of the company's accounting system.\nThis system should be designed so that it provides all the necessary management information to help decision making.\nSales should be analysed so that meaningful information can be gained about which customers are buying which products.\nPurchases should be analysed so that departmental costs and profit/loss are available,, etc
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It means to decide to join in on something.
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It means the model or base assumption under which the business (or any other continuing enterprise) operates.  It can be unconsciously adopted, that is, not recognized by those founding or running the business.  \n\nThe phrase is also used in fields other than business.
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I'm a manager and don't necessarily find "value" (of an applicant) in a sense of urgency.  But, I do like to see motivation, ambition, passion, and drive.  Worded incorrectly, those can appear "desperate".
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(a) If marginal revenue is greater then the marginal cost, this signifies that variable costs for production of every subsequent unit are greater then additional revenue associated with it. Therefore, the company is either operating above the equilibrium point or is unable to reach it. As such, company should reduce the level of production to achieve the equilibrium point or stop producing at all. \n\nI would love to help you more on this assignment. If you need professional help - contact us at http://custom-writing.org/\nYour source for professionally written essays and A+ homework.
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management plays an important role in producing goods, but plays an even bigger role in producing quality goods. To produce quality it has to come from the top.  The employees have no control over the system and how it works.  Only management can make the neccessary changes to improve quality of the product. a manager that blames his employees for every defect or complaint obviously knows nothing about management. Management must come to the realization they need to guide and teach instead hound and degrade.an employee cannot produce anymore than the machinery will allow.
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A rather black & white kind of assertion.\nEvery choice one makes involves a level of chance due to variables seen and unseen. Here's a succinct and pithy example:\nYou're in a canoe going down the rapids. You place your paddle in the water (cause) and that forces you to change direction (effect). There's a huge boulder in the middle of the stream. If the water current increases, or, you underestimate your speed, there's a chance you may run into it. \nAll three work together with one's will to affect outcome.
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Learn about project managment. It helps with all of the other parts of IT i.e. Business analysis, process mapping etc. It will also help you move in to management if you so wish. Wish I had learned about it sooner. Good luck.
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Management information system
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It depends on what the 4 functions of management are.  Try reading the chapter like a good student.
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based on its name risk assessment, it is associated with whether the management is willing to forego assets especially cash, time and opportunity in doing something with the risk that the project may end up in garbage.\n\nthere are a lot of risk assessment strategies you can find in managerial books specially those associated with accounting. an example is when the company is faced with an opportunity to put up a branch abroad. Risk assessment comes to place when the managers would evaluate how profitable it is to put up a branch given the needed funding, the opportunity of using the cash available to a less risky project, the time entailed, the expenses of putting up the business and how long can the new branch (if ever it would push thru) sustain growth and provide the company profit or income and for how long the branch would be useful to the company
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It is self explanatory. Say you buy six apples and there are no more for sale. One may have a bad spot and you ask the person selling them; "You have any better apples" They say; "What you see is what you get". Best I can explain it to you.
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Professional advice about how a company can save money is only going to be successful if all levels of management are encouraged to share responsible strategies.\nSteven Berger said most managers want more accountability.