Application of Managerial Economics in Decision Making Essay Examples

making as to what was the best for them. Whole Foods believed it had a responsibility to shareholders, producer communities, customers, suppliers, and everybody that was part of their business. The employees had to be highly motivated and with the desire to always do more than was required to realize the level of customer satisfaction needed by the company. The company built its business on teams, with each of its store having around eight to ten teams from departments such as prepared foods, meat and produce (Burkus Npag). There are also other teams that go up to the top of the chain of command. The Whole Foods may, therefore, be said to have forged a strong sense of community that was key to the...

making strengthens employees. Decision-making enhancement makes them feel they are of great importance in the change initiative. Ways of Motivating Employees Employees’ growth entails increasing their skills and building expertise. Employees are motivated by management that enhances their ability to acquire new skills. An employee feels motivated when change management emphasizes more on the outcome rather than process. Prompting change should be less of the process but attach meaning to the value or result of the process. Senior leaders should model change initiatives for the employees. Employees get more engaged in change actions if their top leaders are actively involved in them (Change...

making, customers are rarely consulted. Talent development; Organizations are encouraged to continuously identify and develop talent in their workforce (Cummings & Worley, 2014). This has been applied by training employees on various skills such as teamwork and communication. Most institutions hold regular training seminars. Organizational development theory is a field of study that has workable strategies. Healthcare organizations can adopt the ideas to increase their performance. These institutions should give more attention to organizational development. References Boss, R. W. (1989). Organization development in health care. Addison-Wesley Longman. Cummings, T. G., & Worley, C. G....

making panels and boards of major companies in the United States. Women in the cabinet are also very few, yet they make up for 51% of the population. This means that decision-making process almost entirely involves men. The views and decisions might be right, but in a more profound opinion, it is the minority part of the population that makes those decisions. Also, the opinions of the women are not adequately represented in the final decision making. “The women's press, for example, continued to be socially conservative even though it seemed to be moving with times." (Curran, 11). Women in authority are termed as incompetent if they express their emotions publicly, and this does not apply to men....

making are the advantages of being a competent leader. Quantum healthcare organizations are holistic meaning they value most the connectedness between individuals and their various working processes (Porter-O'Grady & Malloch, 2003). This promotes an integration of a given organization to the world as well as other organization structures. Quantum leadership categories: Emergent leadership which is the emergence of a healthcare organization as a result of a combination of all active members in an organization. This engagement of individuals increases an organization hence increasing leadership role in an organization. This type of leadership differs from hierarchical because no...

making has only been made worse by the “public administration that is dominated by one ethnic community,” the Malay. (Malaysia 2015) On the other hand, Parliament in Singapore is unicameral (single house) that is responsible for government accountability and efficiency. (Singapore 2012) Policy contexts in Singapore are favorable because of its non-corrupt nature while in Malaysia they are unfavorable as the ethnic group Malay practice corruption. The implementation of policies by the public bureaucracy in Singapore is effective while in Malaysia it is ineffective. Conclusion Bureaucracy is necessary and sometimes a liability that can affect the policies used by governments to administer its...

making. Regardless of their positions in the company, all employees will be allowed to give their input concerning various issues such as product development. Another strategy will be the provision of training and development opportunities to make employees more competent in their roles. This way, the employees will be able to engage positively with customers. Task Three: Optimization of Customer Engagement Xiaomi will optimize customer engagement concepts in the marketing of the intelligent shoe clip. By definition, customer relationship marketing refers to the process of creating the strong emotional connection between the brand and the customers. When customers are highly engaged, they are...

making and planning of the future as well. Sebastian Wedeniwski calculated the value of e to a trillion digits and further outlined the uses of the number. Leonhard Euler, a Swiss mathematician first studied the number hence came its name as Euler’s number. The value of the number is seen to increase as the number of the decimal places keep increasing. However, the increase is notably smaller by a very low margin of the decimal places all the time which is not that significant mathematically. However, when it comes to real life applications and if we are dealing with large values it may prove very important. The Euler’s number shows the same trend when it is negative. Hence, the positive value...