Engaging citizens for decision making A Summary of Sheedy, A. Handbook on Citizen Engagement: Canadian Policy Research Networks, retrieved from:
The reason why the father wished to close down the branch was that it appeared to be making a loss. However, it is quite the reverse; if the branch was closed then, the positive contribution from the branch would be lost and overall profits would fall.
This is because the indirect costs of production do not vary with output and, therefore, closure of a section of the firm would not lead to immediate savings. This may mean that closing the branch would be a mistake on financial grounds.
This mistake is made due to a misunderstanding of nature of cost behavior. If the branch is closed then the only costs that would be saved are the costs directly related to the running of the branch: The costs are indirect in nature, in this example the marketing and central administration costs, would still have to be paid as they are unaffected by output.
For this decision to be made, we should use contribution as a guide for deciding whether or not to close a branch. This can also be applied to the production of certain product lines, or the cost effectiveness of departments.
On financial grounds, contribution is therefore, a better guide in making decisions.Risk is an inescapable part of every decision. For most of the everyday choices people make, the risks are small. But on a corporate scale, the implications (both upside and downside) can be enormous.
Instagram says it will use machine learning to find and remove inauthentic likes, follows, and comments from accounts using third-party apps to boost popularity — Instagram is fighting back against automated apps people use to leave spammy comments or follow then unfollow others in .
By Bill Gatheridge, Product Manager, Power Measuring Instruments, Yokogawa Corporation of America. Part 1: Basic Electrical Power Measurements. Electric motors are electromechanical machines that convert electric energy into mechanical energy. ReadySetPresent (Decision Making PowerPoint Presentation Content): + PowerPoint presentation content slides.
Successful and effective strategic decision making is a guarantee to increase productivity in every workplace. Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more. decision making is appropriate, a manager must consider the size of the group.
36 Impact of Group Size on Participation in Decision Making. In general, as group size increases, the following changes in the decision-making process are likely to be observed ; The leader becomes more psychologically distant from the other members.