To what extent should managers make decisions based on their personal instincts

In addition, through their insights they should understand first what they perceive. This might lead them to make improper decisions and may affect the business. It is wise they first relate to the consciousness of insights and instincts, and if deduced to be correct, then they can make decisions. Should senior managers be actively involved in politics or would that be unethical? Senior managers should not be involved in politics due to some reasons. Politics involves matters that concerns policies where it goes through a channel of debates in parliament in order to be assented. Beijing for instance when understanding the socialization process theory, the location was formed through the acceptance of the Chinese culture and the norms were well stipulated to define the people.

Different cultures in a location leads to relevancy and the people adapt to a new culture and hence leads them to be identified with the new culture. Should humans be replaced by robots in the workplace? Humans should not be replaced with robots in the work place due to some concepts. First, robots are usually controlled by human beings making humans more powerful than them. The programs that run-in robots were created by human beings. Strategy is the implementation of a plan that suits best the achievement of the goal. While planning involves thinking, strategy simply involves acting upon the thought. Question 2 Small businesses have always been intimidated by big businesses because they have not found a way to beat them.

In order to reach at a point where they can compete with bigger firms, small firms have begun to take risks that might come with rewards only if their implementation is right. These risks should be calculated in order to avoid the business going under, knowing for a fact that reckless decisions can be costly. Despite the subsidiary firms of MNE’s being in a position to make decisions, the final decision comes from a central place and they always tend to have advantage over other enterprises. Question 6 Companies have reasons to diversify into new industries is that it enables a company to grow because consumers will be increased in this way. Diversification brings about an addition of products that might meet a customer’s preference, so they are bound to buy what suits them.

Diversifying can be done in different ways like opening the branches under the same name or changing its name with the provision of another product. Question 7 Owners, CEO’s and cooperate governors view risks from their positions differently. By using the differentiation advantage approach means that the organization is aimed at creating a different commodity that stands out from the others. This might not always mean creating a whole new product but rather just upgrading it. Using the cost advantage method means analyzing the cost and using it for the company’s profitable good. 2) Customer relationship management and relationship marketing Customer relationships management and relationship marketing is the tool that majorly involves itself in talking to consumers, carrying out research on consumer markets, retain already existing customers and attract more by strategic marketing.

Interactions with customers on a one on one basis means you get to understand them better. 4) Quality improvement and process management Quality improvement and process management is aimed at improving consumer products and making changes from time to time in the presentation of the product in order to attract more customers. Quality improvement entails putting into consideration customer satisfaction, enhancing a particular product to meet the satisfaction demands and releasing the product to the market. Quality to customers is what they deem worth for their money. If customers do not see value for what has been offered, they will ditch the product and look for products that can serve them better. Durability of the commodity is also a key because nobody would want to spend money on the same thing every now and then.

Sometimes the business might get hit by a crisis that might lead to close of business but if measures like putting funds aside to help deal with such situations were put in place, then the business will most likely continue to operate. 7) Global supply chain management Global supply chain management strategies are aimed are dealing with international businesses and curbing the problems that arises with them such as political changes and breakdowns. The bull whip effect has been the majorly used way to deal with global management. The bull whip effect refers to the upward trend of the customers or of the consumers demand against the supply which is caused by the behavioral or the operational stability of the customers. The behavioral stability perceives risks and takes in to consideration players bound rationality and also considers the base stock policies.

In addition, it gives one an advantage of having critical thinking through analyzing past episodes. This enables the individuals to be careful and master content towards approaching a given phenomenon. To achieve the reflective process, one is seen to do something as he thinks at the same time. The reflection is attained through the mindset and proper scrutinizing of the events hence not to make mistakes that are related to the past episodes. 2) Leadership landscape This is a technique where a person is involved in taking part in leadership. Managers receive orders from the leaders and are usually given the skeleton on how duties should be performed. In addition, leaders rule through its staff’s members but managers have the powers and access to rule through the subordinate staffs.

Leaders are the decision makers of a strategy and how it should be followed while managers try to make sure that the strategy is followed to the latter. 5) Modern Theories These are theories that are incorporated according to the way changes are seen in the society. For instance, a company uses the modern theory and tries to meet the market demands according to the trends in the market. When the approaches used in carrying out a task is right, and then it is considered ethical. This earns a person respect and through it, he is considered as an ethical; person and can be trusted in an organization in other tasks. Information and Human Resource Management 1. Difference between HRM and SHRM Human Resource Management is the branch that deals with the recruitment and training of people in an organization or company and factors that generally deals with the employees.

It is therefore an internal system. Organization structure with HR system Organizational development has been structured in a way that the organization adapts to market changes by increasing communication and interactions in the company, a move that keeps the employees updated. The involvement of organization development in planning and improving strategies every now and then puts companies at an upper level because this tends to improve the business and its offerings. This is done through reviewing the data on the organization performance and coming up with new plans aimed at working better, by analyzing the market on the preferences and expectations of consumers and giving motivational support to the employees. This encourages them to root for more innovations that can improve the company’s structure.