Question
Chapter 14 please complete the following: (3) A group of executives have to allocate investment funds between six possible product lines. Their objectives are: (i)
Chapter 14 please complete the following:
(3) A group of executives have to allocate investment funds between six possible product lines. Their objectives are: (i) to maximize the growth of the company, (ii) to maximize export earnings, (iii) to maximize profit and (iv) to minimize risk. After much debate the group decide to assign the following across-criteria weights: Growth, 100; Exports, 10; Profit, 80; Risk, 20. Discuss how these weights could have been derived and explain what they mean. (Goodwin 355-356)
(6) What are the potential benefits of using decision analysis in negotiation problems? (Goodwin 356)
Goodwin, Paul, George Wright. Decision Analysis for Management Judgment, 5th Edition. John Wiley & Sons UK, 04/2014. VitalBook file.
Please complete the following questions: chapter 15 1) Does following a previously successful way of solving a problem have advantages as well as disadvantages? (2) What business situations are likely to enhance any organizational tendency toward strategic inertia? (Goodwin 382) chapter 16 (1) To what extent does the scenario-planning process contain components that are likely to prompt the recognition and resolution of the problems of frame-blindness and strategic inertia? (Goodwin 420)
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