Evaluation Of A Business Decision Maker Essay - 896 Words

As a business decision maker it is vital to evaluate your research resources. There are many resources available ranging from free resources to paid subscription resources, research libraries available in certain locations only, blogs, and business publications. Another alternative would be to research the company on its own website. While doing the research the researcher must be aware of the validity and unbiased research available. Free resources are a general starting point in research. Major problems Bias: When utilizing free publications such as newspaper articles, blogs and internal company publications the information is at risk of bias. Published blogs and newspaper articles could positively or negatively influence the way a particular company can be viewed by the public. If the article is written by a disgruntled employee or someone wronged by the company then it can be written in a bias of negativity. However, if the blog is written by someone who aims to boost morale for stakeholder information it could be biased towards the positive. This could result in distorted facts about the company either negative or positive depending on the author. False Information: Free publications could also possibly distort profit or loss numbers designed to fraud stakeholders. For example, Enron issued inflated profit reports to keep their stakeholders investing in the company while the executives in the business knew the actual profit and loss numbers and used that information toShow MoreRelatedDecision-Making Style Summary. Snehapriya Bharatha. Mba1167 Words   |  5 Pages Decision-making Style Summary Snehapriya Bharatha MBA 505: Foundations of Management Dr. Frear January, 23, 2017 Decision-making Style Summary: Detailed understanding of the identified problems and collaborative determination of the solution is decision-making. Successful accomplishment of this task requires applying multiple steps which assist individuals to make exceptional decisions. One’s decision-making model might be different than others because there are four known decision-makingRead MoreEvaluating The Performance Of E Waste Recycling Programs Using Fuzzy Multi Attribute Group Decision Making Model1522 Words   |  7 PagesRecycling Programs using Fuzzy Multi-attribute group Decision Making Model† Haokun Li hli120@illinois.edu â€Æ' Contents Introduction 4 Performance Evaluation 5 (1) Define Criterions 5 (2) Score the Criterions 6 (3) Compute Weighting Factors 7 (4) Computing Weighted Matrix 8 (5) Find Positive and Negative Ideal Solutions 8 (6) Compute Overall Performance Index 8 Conclusions 9 References 10 â€Æ' Abstract: A fuzzy multi-attribute group decision making model is reviewed. 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According to the text, â€Å"Decision-making process is a set of eight steps that include identifying a problem, selecting an alternative, and evaluating the decision’s effectiveness.† Not only does a manager need to know this term but they also need