MGM101H5 Lecture Notes - Lecture 2: Korean Air
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MGM101H5 Full Course Notes
Verified Note
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Emotional benefits are when you drive a lavish car you feel better , makes me feel good and satisfaction internal benefit. Achieving goals, taking decisions, maintaining and sustaining the business etc . Managers are responsible for making decisions under conditions of uncertainty about the allocation of scarce resources towards achieving the organization"s strategic objectives. There"s good decisions and bad, but not right and wrong. Every decision we make comes with a degree of uncertainty. We only have so many resources so we have to use them in the most efficient and effective way to achieve the organization"s goals. Strategic goals and objectives are what make effective decisions. What works for one organization might not work for another. None of those are right or wrong they are different strategies. You have to make decisions consistent to the goal. There"s a great degree of transparency of organizations because of the availability of information.
