StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Decision- making case study - Essay Example

Cite this document
Summary
It is the responsibility of every manager to make decisions which are in the best interest of the organization and the shareholders who are affected by their decisions. The…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.2% of users find it useful
Decision- making case study
Read Text Preview

Extract of sample "Decision- making case study"

Download file to see previous pages

The Informed Decisions Toolbox (IDT) was developed to assist managers in efficient use of six key steps in evidence-informed decision making. These steps include: framing the management question, finding sources of information, assessing the accuracy of information, assessing the applicability of information, determining the actionability of the evidence and determining whether the information is adequate. The IDT allows managers to take control of the decision making process to enhance the performance of their organizations (Rundall et al., 2007). The issue arising due to the budget cut at Medicaid requires decision making based on careful consideration.

Using information from “Informed Decisions Toolbox: Tools for Knowledge Transfer and Performance Improvement” we can determine which tools would be the most appropriate to use for decision making at Medicaid. The decision making process for Medicaid would begin with framing the question. Medicaid requires selection of the most optimum mix of medical services within the prescribed budget. For this we need to understand which services yield most benefit to the stakeholders including employees, regulatory agencies, patients and payers affected by our decision, and which services are most critical for our operations and which ones can be disposed of without having a tremendous impact on the organization and its stakeholders.

This step would set the foundation based on which we can proceed towards seeking the best possible solution for the problem and yield maximum benefits for all concerned. This step would provide a clear definition of the issue and also highlight what information needs to be collected. The second step would require us to find appropriate sources of information. For the situation under discussion it would be beneficial to extract useful information from sources both external and internal. This stage would

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Decision- making case study Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Decision- making case study Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/miscellaneous/1554939-decision-making-case-study
(Decision- Making Case Study Essay Example | Topics and Well Written Essays - 1250 Words)
Decision- Making Case Study Essay Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/miscellaneous/1554939-decision-making-case-study.
“Decision- Making Case Study Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/miscellaneous/1554939-decision-making-case-study.
  • Cited: 0 times

CHECK THESE SAMPLES OF Decision- making case study

Ethics for Educational Leaders

As a Principal, it would be wise to find more information about such a case from the doctors who specialize in such health issues before making any decision.... In case the principal does not want to consult the doctor or a victim of the situation, they can still get the information related to such issues from the internet, newspapers and magazines.... It is an ethical thing to do for education leaders to use ethics and school policies to guide them when making decisions that are involving teachers' or students' health issues....
4 Pages (1000 words) Case Study

Critical Thinking: Step by Step

In addition, new environment case study Review What are the facts about the case?... he root problem in the case study is fallacious reasoning.... How will the lives of the people in the case study be changed because of your proposed solution?... Tammy is intelligent and committed to church and through this she won a scholarship to study sociology and… An addition fact is that friends and the surrounding environment influence an individual's behavior (Cogan, 1998). People's origin and culture determine their beliefs....
1 Pages (250 words) Case Study

Logistics of International Workers to Mitigate Ebola Epidemics

In this case, the organisation has to put the interest of its workers ahead of its functions.... One of the most important functions of human resource management practices is making decisions that enhance the welfare of human resources in organisations.... In sending their workers to these countries, organisations are faced with many considerations before making his important decision in the interest of their workers and people in countries affected by the virus....
4 Pages (1000 words) Case Study

MANAGEMENT DECISION-MAKING case study

Certification organizations such as Professional Association of Diving Instructors, National Association of Underwater Instructors, Scuba Schools International and the National Association of Scuba Diving Schools. In this section, you are examining a series of factors from an;… You are pursuing a detailed investigation of facts, provided in the case, and pertinent information from the outside world and or competitors, which will lead to alternatives and an ultimate solution. Despite having low Moreover, there are many suppliers to supply the needs of the industry....
3 Pages (750 words) Case Study

Decision Making Process

To support my conclusion here, we find that, in the case study, almost all principals spoke in opposition to what the business administrator recommended.... herefore, in case of anything, there is a clear way of investigating or inquiring whoever is responsible for it.... The divisions also cluster jobs into units, hence making it easy for control, monitoring and evaluation purposes....
4 Pages (1000 words) Case Study

Ethical Decisions in Leadership

nbsp;  In the given case study, Karen Hathaway has to select one person from the list of three to a higher position.... In short, the problem in this case study is; what should be given more weight while deciding promotion; performance merit or ethical principles?... This paper "Ethical Decisions in Leadership" focuses on the decision making at the top level of an organization which is always difficult especially when deciding about promotions....
6 Pages (1500 words) Case Study

The ase of Scott Starson

This work called "The Сase of Scott Starson" describes the ethicalness in a physician imposing treatment, and secondly, the study also looks at a physician's position in determining a patient's “best interest.... The Supreme Court held that a patient, in this case, Starson, was not required to make a decision that is in their “best interest” as determined by the physician, and thence they are permitted to disagree with a treatment recommendation....
5 Pages (1250 words) Case Study

Rational Decision Making - Too Risky for Merck

This case study "Rational Decision Making - Too Risky for Merck" sheds some light on the Merck pharmaceutical in 1668 when he bought it as a drugstore.... hellip; Additionally, a rational decision-making approach would have assisted the new CEO to address the concerns raised by Vioxx and made intelligent decisions....
4 Pages (1000 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us