Wmgm102-Business Corporation Of Zookal | Assessment Answer

Intuitive versus rational versus bounded rational

As per the given scenario, it can be analyzed that the intuitive thinking process comprises of the ability or the skill of an individual or understanding or knowing something without any of the evidence or reasoning processes. Rational thinking has been termed as an epistemic sense that means arriving at true belief. It has been observed that rational thinking is the most appropriate methodology and it suits best in the case of a real-life situation and there is a clear understanding of upcoming consequences (Mojtahed, Nunes, Martins and Peng, 2014). Under this, the rational mind can make reasoned decision developed on the basis of the trust of this external order and predictability.

Programmed and non-programmed decisions

Programmed decisions can be considered as those that are developed traditionally made by utilizing standard operating and well-defined methodologies (Jalili, Einifar and Talischi, 2015). Moreover, these decisions can also be considered as the routine that deals with frequently occurring situations. For instance, managing a rapidly and tempted business growth and upcoming opportunities offshore. Programmed decisions are not expected to remain confined to simple issues. Whereas non-programmed

decisions are unique but are ill-structured by nature and considered as the one-shot decision. Traditionally they have been handled by techniques such as intuition and creativity.  

Analytical versus conceptual versus behavioral versus directive

This basic leadership style depends on a totalitarian model where the individual in control utilizes their own particular learning and experience to pick the best game-plan (Weller, Boyd and Cumin, 2014). Somebody that uses a mandated style is extremely normal and has a low resilience for equivocalness. Not at all like the mandate basic leadership style, pioneers that utilization this type of reasoning location issue thinking in a more casual manner. They are not reluctant to go out on limb choices and don't get irritated when they don't have all the required information nearby. They typically search for various options and investigate every one deliberately without barring any single thought. Analytical style basic leadership has high resistance for vagueness and is rational. The basic leadership style is because of vulnerability, and absence of data. Behavioral decision?making speculations give experiences into how individuals settle on decisions under states of vulnerability. Be that as it may, few have been considered in pediatrics (Salas and Martin, 2017). This examination presents these hypotheses, surveys ebb and flow research and makes suggestions for their application inside the setting of shared decision?making.

A decision to scale up versus diversification

Scale-up

For scaling up a proper strategy is required to be adopted and implemented. After analyzing the above-presented scenario it has been noted that Haider CEO of the business entity has made use of the below-mentioned process for scaling up:

• Thinking big and acting boldly
• Establishing a public profile (Légaré and Leduc, 2014)
• Working on business, not in it
• Find and establish key relationships
• Evaluation of financing options

While deciding for scaling up the above-mentioned strategy has been used by the CEO and various forms of information have been required. The information collected was on various aspects of the business environment, such as perceptions and preferences of consumers, trends, and fluctuations in a marketing environment, relationships, and bonds with the stakeholders.

Diversification

Conglomerate diversification is the style that has been used by Haider according to this strategy, the business entity will be entering un-tapped market regions. As observed in the presented scenario, the business entity is attempting to make diversification in the Asia-Pacific markets.

Who makes the decision in start-up companies

Stakeholders influenced Raiders decision

After analyzing the given scenario, it has been evaluated that Zookal is missing one of the most significant elements that are capital at growth stage and due to which will face some challenges. The investors rare encouraging for expanding the business in Asia-Pacific markets and due ton which Haider decided to make expansion in the Asia-Pacific markets (Ingram, LaForge, Williams and Schwepker, 2015).

Other factors influenced Haider’s decision

The other factors that influenced Haider’s decision are the increase in the expenses and costs related to simple things such as duplication of office space, the tax cost of new staff, and travel overheads. The CEO also analyzed that it is very much costly to be working with two worlds top most expensive cities.

Reflection

Involvement when working in teams

Being responsible for the role and obligations is one of the basic necessity for showing active involvement in a team. Taking the active part in all the activities and practices organized or carried within a team will also increase involvement when working in a team.

Teamwork skills 

Making fair decisions is one of the core skills that will aid while working in a team.  Resolving conflicts and offering better solutions to the problems is another skill that can be counted under the list.

Problems in team 

Communication gap is one of the biggest issues that has been encountered while working in a team. Miss-management and improper allocation of work cause the disturbance in the operations. Discrimination on any grounds may also be a reason for issues in the team.

Resolving problems 

Yes, the above-mentioned problems can be easily solved by making team group initiatives. Personally, I would have organized some activities for enhancing mutual understanding and sense of teamwork.

The aspect of teamwork to be improved

Taking responsibility on the personal level and being liable for personal and teams obligations are one such aspect that is required to be improved.

Conclusion

In the limelight of the above executed analysis it has been inferred that the decision making is one of the empirical process and that is required to be executed with greater effectiveness and efficiency. As per the given scenario it has been evaluated that Zookal that is a bsuienss corporation offering educational services is planning to expand the markets to Asia-Pacific regions and hence the CEO is making advancements in the decision making process.

References

Graham, J.R., Harvey, C.R. and Puri, M. (2015) Capital allocation and delegation of decision-making authority within firms. Journal of Financial Economics, 115(3), pp.449-470.

Ingram, T.N., LaForge, R.W., Williams, M.R. and Schwepker Jr, C.H. (2015) Sales management: Analysis and decision making. New York: Routledge.

Jalili, M., Einifar, A. and Talischi, G. (2015) Users’ Perception and Evaluation of Environmental Functions: Developing a Conceptual Model.

Légaré, F. and Thompson-Leduc, P. (2014) Twelve myths about shared decision making. Patient education and counseling, 96(3), pp.281-286.

Mojtahed, R., Nunes, M.B., Martins, J.T. and Peng, A. (2014) Equipping the Constructivist Researcher: The Combined use of Semi-Structured Interviews and Decision-Making maps. Electronic Journal of Business Research Methods, 12(2).

Salas, E. and Martin, L. (2017) Decision-making under stress: Emerging themes and applications. New York: Routledge.

Stovell, D., Wearden, A., Morrison, A.P. and Hutton, P. (2016) Service users’ experiences of the treatment decision-making process in psychosis: A phenomenological analysis. Psychosis, 8(4), pp.311-323.

Weller, J., Boyd, M. and Cumin, D. (2014) Teams, tribes and patient safety: overcoming barriers to effective teamwork in healthcare. Postgraduate medical journal, pp.postgradmedj-2012