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Essay Available:
Pages:
2 pages/≈550 words
Sources:
2 Sources
Level:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
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Topic:

Managerial Decisions Making. Work on a Budget.Optimize Value for Money (Essay Sample)

Instructions:

1. When making decisions that involve money, what steps do you take to make sure you are making a good decision? Use an example or two.
2. When using sources of information to make a decision, how do you know the information is accurate, relevant, and comprehensive (e.g., think about customer reviews as one tool to make purchasing decisions online)? Use an example or two.
3. Managers are often blamed when poor decisions are made. Is there a difference between a bad decision (error) and a bad decision born from insufficient information or satisficing? Use an example or two from your work experience where a bad decision was made that could have been reasonable at the time but still turned out to be problematic. You may also use examples of good decisions that were made and how management arrived at an evidence-based conclusion.
https://www(dot)youtube(dot)com/watch?v=ErnWbP_Wztk&feature=youtu.be
https://www(dot)youtube(dot)com/watch?v=h_--qw-fv3k&feature=youtu.be

source..
Content:


Managerial Decisions Making
Name:
Institutional Affiliation:
Managerial Decisions Making
Steps to Take to Make Sure You are Making Good Decisions that Involve Money
The following are the steps to take to make good decisions that involve money.
Work on a Budget
There is no institution that has enough capital to do business. Budgets have constraints that guide financial decisions because the expenses should be less than the available capital. An example is when my employer did not have enough cash to continue operating, which made him go for a loan. Still, he was concerned about the capability to pay back the debt, which brought him back to the question about inadequate funds and budgeting.

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