Model for Making Tactical Decisions Austin Porter is a sophomore at a small Midwestern university (SMWU). He is considering whether to continue at this university or to transfer to one with a nationally recognized engineering program. Austin’s decision-making process included the following:
a. He surfed the web to check out the sites of a number of colleges and universities with engineering programs.
b. Austin wrote to five of the universities to obtain information on their engineering colleges, tuition and room and board costs, the likelihood of being accepted, and so on.
c. Austin compared costs of the five other schools with the cost of his present school. He totaled the balance in his checking and savings accounts, estimated the earnings from his work-study job, and asked his parents whether or not they would be able to help him out.
d. Austin’s high-school sweetheart had a long heart-to-heart talk with him about their future— specifically, that there might be no future if he left town.
e. Austin thought that while he enjoyed his present college, its engineering program did not have the national reputation that would enable him to get a good job on either the East or West Coast. Working for a large company on the coast was an important dream of his.
f. Austin’s major advisor agreed that a school with a national reputation would make job hunting easier. However, he reminded Austin that small college graduates had occasionally gotten the kind of jobs that Austin wanted.
g. Austin had a number of good friends at SMWU, and they were encouraging him to stay.
h. A friend of Austin’s from high school returned home for a long weekend. She attends a prestigious university and told Austin of the fun and opportunities available at her school. She encouraged Austin to check out the possibilities elsewhere.
i. A friendly professor outside of Austin’s major area ran into him at the student union. She listened to his thinking and reminded him that a degree from SMWU would easily get him into a good graduate program. Perhaps he should consider postponing the job hunt until he had his master’s degree in hand. j. Two of the three prestigious universities accepted Austin and offered financial aid. The third one rejected his application.
k. Austin made his decision. Required: Classify the events a through k under one of the six steps of the model for making tactical decisions described in your text.
Below is a depiction of the market for smartwatches: Price $525 $450 $375 S $300 $225 $150 $75 D 750 1,500 2,250 3,000 3,750 4,500 5.250 Quantity of Smart Watches 1 i) If...Apr 09 2021
Why is it that reducing the number of moves, delays, and storages in a manufacturing process is a good thing? Can they be completely eliminated?Jul 16 2020
Write a 350- to 700-word paper in which you define and examine the origins of rehabilitation in prison. Address the following in your paper: What is prisoner rehabilitati...Mar 25 2020
A firm's current profits are $1, 300,000. These profits are expected to grow indefinitely at a constant annual rate of 3 percent If the firm's opportunity cost of funds i...Apr 06 2020
Swiss franc/dollar = SFr1.5971?$Australian dollar/U.S. dollar = A$1.8215/$Australian dollar/Swiss franc = A$1.1440/SFrIgnoring transaction costs, does Doug Bernard have a...Aug 01 2020
From the base price level of 100 in 1981, Saudi Arabian and U.S. price levels in 2010 stood at 350 and 100, respectively. Assume the 1981 $/riyal exchange rate was $.86/r...Apr 14 2020
Explain the functions of moneyExplain the two objectives of the Federal Reserve in managing the US money supply, and how it adjusts the money supply to meet themWhat func...Mar 24 2020
A type of public policy that might be set in response to the rising prices of a basic necessity, such as food, might be:A. to make it illegal to charge high prices for th...Feb 15 2020
A salvage operation is underway to raise a sunken frigate of mass M from a depth H on theocean floor. This is to be accomplished by attaching a floatation device (an infl...Jun 19 2020
Speedy Wheels is a wholesale distributor of bicycles. Its Inventory Manager, Ricky Sapolo, is currently reviewing the inventory policy for one popular model that is selli...Aug 06 2020