Capital Budgeting and the Cost of CapitalJanuary 22, 2021
Lean TechniquesJanuary 22, 2021
For this assignment think about a specific decision that was made by your supervisor in the organization you currently work for or have worked for in the past. Review the background materials carefully on the Vroom-Yetton model and think about how this model applies to this decision that you experienced. Then write a 2-page paper applying the Vroom-Yetton model to this decision:
- Describe the decision that management had to make, and also whether their decision-making style was autocratic, consultative, or group-based. Explain your reasoning.
- Go through Vroom-Yetton’s seven questions and apply these questions to their diagram to see what decision-making style their model suggests. Briefly explain the reasoning behind your answers to the seven questions.
- Conclude your paper with a discussion of whether or not you would recommend this model to your supervisor and whether or not you were surprised by the recommendation given by this model regarding decision-making style.