Foundations of Decision Making精品分析.pptVIP

* * * Management Workshops: conduct effective meeting Hofstede’s Dimensions of National Culture Decision making in reality: cultural factors (see Chap 2, p47) See: G. Hofstede, Culture Consequences: International Differences in Work Related Values (Beverly Hills, CA: Sage Publications, 1980), pp. 25–26; and Hofstede, “The Cultural Relativity of Organizational Practices and Theories,” Journal of International Business Studies (Fall 1983), pp. 75–89. Fundamentals of Management: 4-* Gao Junshan, UST Beijing Gao Junshan, UST Beijing Decision making in reality: cultural factors Fundamentals of Management: 4-* Gao Junshan, UST Beijing Gao Junshan, UST Beijing Chapter Summary Fundamentals of Management: 4-* Gao Junshan, UST Beijing Gao Junshan, UST Beijing Fundamentals of Management: 4-* Gao Junshan, UST Beijing Payoff Matrix V1 V2 V3 D1 13 14 11 D2 9 15 18 D3 24 21 15 D4 18 14 28 Visa’s response Discover’s strategy Maximax choice: D4 Maximin choice: D3 Minimax choice: D4 Quantitative Tools to Decision Analysis (see Quantitative Module, p121) Fundamentals of Management: 4-* Gao Junshan, UST Beijing Decision Tree 1 Rent a large store Rent a small store Strong market: 0.7 Weak market: 0.3 Strong market: 0.7 Weak market: 0.3 $320 000 $50 000 $240 000 $130 000 Expected value for large store: $239 000 Expected value for large store: $239 000 Quantitative Tools to Decision Analysis (see Quantitative Module, p123) Fundamentals of Management: 4-* Gao Junshan, UST Beijing Revenues/Costs ($000) Output (000) 80 70 60 50 40 30 20 10 10 20 30 40 50 60 70 Loss Area Profit area Break-even point Variable Costs Fixed Costs Total Revenue Break-Even Point Break-Even Analysis Quantitative Tools to Decision Analysis (see Quantitative Module, p124) Fundamentals of Management: 4-* Gao Junshan, UST Beijing Popular Financial Ratios Liquidity Test Current ratio Acid test Leverage Test Debt-to-assets Time-interest-earned Operation Test Inventory turnov