(3-4 paragraphs, APA guidelines for in-text citations and references apply). How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain. Strategy is used by leaders to establish the direction an organization will take to achieve or maintain competitive advantage. How is strategy different from an organization’s vision and mission? The strategic planning model has four steps: assessments; strategy formulation; implementation of the plan; and evaluation of the results. Explain how this model along with strategic analysis is used to identify and assess an organization’s micro and macro environment. How are strategic planning and the analysis process used to facilitate an organization’s ability to initiate, formulate and implement strategies?
In this course, the student will explore decision making from a managerial viewpoint and examine the role of decision making in dealing with employees, formulating strategy, and negotiating. This course requires students to understand, apply, and evaluate both quantitative and qualitative research methodologies as they apply to business studies and analysis.
Course Objectives: Apply critical thinking skills to analyze business situations. Apply principles of quantitative and qualitative research to business cases. Apply the standard of APA style to all research and writing tasks. Appropriately use effective communication techniques. Describe common biases in decision making. Describe the opportunities provided by technology for businesses. Explain the roles of emotion and fairness in decision making. Interpret reflective and expedient decision making. Recognize situations that present potential ethical issues, and develop solutions for those issues. Summarize the role of decision making in business.