Your boss, the chief executive officer (CEO), realizes that you do not have much practice in this higher level, decision-making process and has asked you to write a memo describing your understanding of how to make important decisions. (You may use either a memo style document or write in APA format.
Those that choose the memo style and single space, typically submit one page. APA format typcially yields two pages for this assignment. I do not have a preference. Remember, this assignment is a persuasive document convincing your new boss, the CEO, that you have the wherewithal to successfully transition into this new role.)
Your memo should address the following questions:
Describe at least 3 criteria that would determine whether the manager is making good decisions. What should be done to better assure that you are making a good decision? This is a two part question. Please make sure you answer both and describe your reasoning for your choices.
In the realm of decision making, what are assumptions? Rather than use a dictionary definition, cite several specific assumptions that would go with any real-life decision you have made or have seen made at a company at which you have worked.
This too is a two part question. Make sure you provide your definition of 'assumption' without using the definition from the dictionary. Second, present two different assumptions. (This is very similar to what we discussed on the discussion board.)
Given the importance of proper assumptions, your boss asked you to assess the accuracy of certain business assumptions and what could you do to test or confirm the credibility of them. The following were major assumptions for each firm:
Students love to skip this question. Please don't. If you do, you will automatically receive 1/3 off of your grade because this is 1 of 3 questions asked in the assignment list. This section is not graded on whether or not you believe the assumptions are correct.
Rather, this section is graded on your ability to convince your boss that the reasoning for your assumption is sound. So, take a stance and provide information from your research to support your opinion. Each bullet point should have at least 4 sentences.
An automobile manufacturer's assumption that the demand for SUVs would continue because gas prices would continue to rise.
An airline's assumption that there was a need for an airline that provided no added amenities.