Interview a local business manager about a major decision that he or she made recently. Try to determine whether the manager used a rational decision-making process or whether behavioral elements were also present. If the process was wholly rational, why do you think there was no behavioral component? If the process contained behavioral components, why were these components present?
Answer to relevant QuestionsDescribe a recent decision you made that relied on intuition. In your opinion, what experiences formed the source of your intuition? Did the decision lead to attainment of the desired outcomes? Did your intuition play a ...Using the information about managing a small business presented in this chapter, analyze whether you would like to work in a small business—either as an employee or as a founder. Given your personality, background, and ...List five entrepreneur-owned businesses in your community. In which industry does each business compete? Based on the industry, how do you rate each business’s long-term chances for success? Explain your answers. Explain the differences between line and staff positions. What are the advantages and disadvantages of high versus low administrative intensity? What form of organization does your university or college use? What form does your city or town government use? What form do other organizations with which you are familiar use? What similarities and differences do you see? ...
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