Choose a business with which you are familiar. What is a simplified version of that business' primary value chain? What are one or two distinct activities at each section of the value chain that support the overarching business-level strategy (Points for clearly linking the activities at each stage of the value chain to the business-level strategy)

 

Decision Making (5)

As decision makers we try to be rational but are still subjected to a variety of limitations and biases. Given what you know about the boundedly rational decision-making model, what are two pieces of advice you can take away for making better decisions?

Decision Making (5)

"Our competitors have invested a large amount of money into customer relationship management (CRM) software and are beating us in terms of market share and overall quarterly sales. Therefore, we should invest in CRM software."

This represents which logical fallacy and why may it not technically be correct?

Decision Making - Cognitive biases (5)

What is confirmation bias and how might it influence our decision making as managers?

Motivation (10)

Suppose you have two employees (Artemis and Perseus) who have received similar scores on performance reviews, who do the same job, and have similar skills and experience. Due to market conditions at the time of her hiring, Artemis' salary was set at $6500 dollars more than Perseus. Suppose Artemis and Perseus accidentally received the wrong paystubs in the mail and subsequently found out what each other was being paid. According to equity theory what are some possible outcomes of this situation?

Motivation (10)

Let's say that you work at a technology company and the VP of marketing wants your workgroup to design, organize, and implement a summer camp for high school students. This is a huge undertaking because many elements need to be planned and coordinated (student housing, meals, activities, marketing to high schools etc.). Complicating things further, the VP wants something to be in place within 4 months; a difficult deadline to reach. Using expectancy theory as a guide, how might you motivate your employees to work hard and reach the deadline?

Groups and Teams (5)

How does the movie Moneyball represent the stages of the group development model?