Why True Innovators Must Behave Like Entrepreneurs

ENTREPRENEURSHIP AND INNOVATION Analysis of the Relationship between Entrepreneurship and Innovation According to the author, personal entrepreneurship is the ability of a person to trade in goods and services for the purposes of creating wealth for the individual, while personal innovation is the ability to generate new ideas for the purpose of creating new or improved products or services. The author further argued that organizational entrepreneurship is the knack of the registered business to exchange its goods and services for the purpose of generating profits, while organizational innovation is the knack of a registered company to come up with new products and services for improved delivery of products and services to its customers.†¦show more content†¦In their study Dyer., Gregersen., Christensen. (2009) discovered that great innovators of our time Apple’s Steve Jobs, Amazon’s Jeff Bezo and Skype cofounder Niklas Zennstrà ¶m are enthusiastically willing to make a difference from the way things and frequently â€Å"take risks† to create change. Further the results under â€Å"championing change† was also not good enough meaning that the author has an element of resistance to change which is a recipe for failure in business because an entrepreneur must be ready to embrace and deal with changes on the market due to innovation which brings about new and sophisticated products on the market thereby threatening the existence of the business if the business leader is unable to champion the change. Reflection of Personal Strength on Relationship between Innovation and Entrepreneurship Dyer, Gregersen, Christensen. (2009) argued that â€Å"innovators rely on their courage to innovate, an active bias against the status quo and an unflinching willingness to take risks to transform ideas into powerful impact†. It was interesting enough to see the author’s high score in â€Å"coaching and developing people† a personal strength which builds relationships and an ingredient which fosters trust and growth in business because when you invest in people, they become engaged in innovation and entrepreneurship as well as identifyingShow MoreRelatedLanguage, Gender, and Culture in Society1690 Words   |  7 Pagesof people in order to identify them. However, most of the time, these stereotypes hold true for only some members of a group. Sometimes, these stereotypes are just plain misconceptions that do not even apply to the group it claims to. Stereotypes are placed on people because it is a way to easily identify what type of person or ethnicity an indivi dual is. At one point in time, these stereotypes may have been true; however, in today’s modern society, most of these stereotypes are outdated and falseRead MoreWho Is an Entrepreneur2954 Words   |  12 Pagesis an entrepreneur?† Introduction â€Å"Who is an entrepreneur?† is a question that aroused many controversies and debates. Among many articles that talks about the entrepreneur and the process of entrepreneurship I will focus on three articles that tried to answer this question or demonstrated the uselessness of the question. Analyzing many different points of view will conduct to a better and deeper understanding of the phenomena. Therefore, this is not an exact science, like for instanceRead MoreInnovators Dna84615 Words   |  339 Pagesnow and read it tonight. Tomorrow you will learn more, create more, inspire more.† Chairman of the Executive Committee, Intuit Inc. â€Å" e Innovator’s DNA sheds new light on the once-mysterious art of innovation by showing that successful innovators exhibit common behavioral habits—habits that can boost anyone’s creative capacity.† author, e 7 Habits of Highly E ective People and e Leader in Me â€Å"Having worked with Clayton Christensen on innovation for over a decade, I can see that eRead MoreEssay on The Research and Development Process4444 Words   |  18 Pagesdiet-cola sales today. PATENTS Imitation and the fast-second strategy raise an important question: What incentive is there for any firm to bear the expenses and risks of innovation if competitors can imitate its new or improved products? Why not let others bear the costs and risks of product development and then just imitate the successful innovations? Although we have seen that this may be a plausible strategy in some situations, there are several protections for, and Read MoreEssay on Wheatley Leadership2079 Words   |  9 Pagesa machine; a lifeless object that does not have the capability to think, feel, or make decisions. It, the machine, functions quite like the old story of leadership by where there are many more managers (machines) than leaders. An ideology that she credits to Western culture, which believes organizations, can create processes that people will carry out in a machine-like manner. Wheatley (2007) states that â€Å"we would engineer it to do what we saw fit, and we would fix it through our engineering brilliance†Read MoreEntrepreneurship Process and Principles15897 Words   |  64 PagesIntroduction to Entrepreneurship process and principles Definition of entrepreneur -According to American Heritage Dictionary, â€Å"Entrepreneur is a person who organizes, operates and assumes the risk for business venture† -According to Skinner SJ and Ivancevich JM,† An entrepreneur is a person who takes the risks necessary to organize and manage a business and receives the financial profits and monetary rewards† -Entrepreneur is a person who organizes and assumes the risk of his or her own venture†Read MoreMCMULLEN SHEPHERD Entrepreneurial Act13331 Words   |  54 PagesUNCERTAINTY IN THE THEORY OF THE ENTREPRENEUR JEFFERY S. MCMULLEN Baylor University DEAN A. SHEPHERD Indiana University By considering the amount of uncertainty perceived and the willingness to bear uncertainty concomitantly, we provide a more complete conceptual model of entrepreneurial action that allows for examination of entrepreneurial action at the individual level of analysis while remaining consistent with a rich legacy of system-level theories of the entrepreneur. Our model not only exposes limitationsRead MoreEntrepreneurship and Innovation Management9362 Words   |  38 PagesMaster’s  Thesis Serkan  Ceylan      ABSTRACT   The purpose of this study is to analyse the problem that the companies do not use the potential of their employees on innovations and intrapreneurial processes. The source of innovation is usually the entrepreneur. These are individuals that come up with new ideas of what the market is likely to want or desire. These people have usually gathered this knowledge through interaction with consumers. Sometimes it is the imaginative impulsive desire on their partRead MoreStartup/Seed Stage Investment by Venture Capital12291 Words   |  50 PagesSTARTUP/SEED STAGE INVESTMENT BY VENTURE CAPITAL FUNDS (IN ISRAEL): ENTREPRENEURS IN RESIDENCY AND EXECUTIVE IN RESIDENCY PROGRAMS ABSTRACT What constitutes venture capital and what constitutes angel financing is a natural question. In the time period after the bubble burst in 2000 it became easy to differentiate: 1. Angel investors: usually â€Å"high status† individuals, former successful technology entrepreneurs who use their financial wealth, which financed birth and initial growthRead MoreThe Vocation of the Business Leader: A Reflection15551 Words   |  63 Pagesvulnerable; the principle of organising work within enterprises in a manner which is respectful of human dignity; the principle of subsidiarity, which fosters a spirit of initiative and increases the competence of the employees—considered â€Å"co-entrepreneurs†; and, ï ¬ nally, the principle of the sustainable creation of wealth and its just distribution among the various stakeholders. In these difï ¬ cult times for the world economy, during which many business men and women suffered the consequences of crises

Thomas Malthus on Population

In 1798, a 32-year-old British economist anonymously published a lengthy pamphlet criticizing the views of the Utopians who believed that life could and would definitely improve for humans on earth. The hastily written text, An Essay on the Principle of Population as it Affects the Future Improvement of Society, with Remarks on the Speculations of Mr. Godwin, M. Condorcet, and Other Writers, was published by Thomas Robert Malthus. Thomas Robert Malthus Born on February 14 or 17, 1766 in Surrey, England, Thomas Malthus was educated at home. His father was a Utopian and a friend of the philosopher David Hume. In 1784 he attended Jesus College and graduated in 1788; in 1791 Thomas Malthus earned his masters degree. Thomas Malthus argued that because of the natural human urge to reproduce human population increases geometrically (1, 2, 4, 16, 32, 64, 128, 256, etc.). However, food supply, at most, can only increase arithmetically (1, 2, 3, 4, 5, 6, 7, 8, etc.). Therefore, since food is an essential component to human life, population growth in any area or on the planet, if unchecked, would lead to starvation. However, Malthus also argued that there are preventative checks and positive checks on the  population that slow its growth and keep the population from rising exponentially for too long, but still, poverty is inescapable and will continue. Thomas Malthus example of population growth doubling was based on the preceding 25 years of the brand-new United States of America. Malthus felt that a young country with fertile soil like the U.S. would have one of the highest birth rates around. He liberally estimated an arithmetic increase in agricultural production of one acre at a time, acknowledging that he was overestimating but he gave agricultural development the benefit of the doubt. According to Thomas Malthus, preventative checks are those that affect the birth rate and include marrying at a later age (moral restraint), abstaining from procreation, birth control, and homosexuality. Malthus, a religious chap (he worked as a clergyman in the Church of England), considered birth control and homosexuality to be vices and inappropriate (but nonetheless practiced). Positive checks are those, according to Thomas Malthus, that increase the death rate. These include disease, war, disaster, and finally  when other checks dont reduce the population, famine. Malthus felt that the fear of famine or the development of famine was also a major impetus to reduce the birth rate. He indicates that potential parents are less likely to have children when they know that their children are likely to starve. Thomas Malthus also advocated welfare reform. Recent Poor Laws had provided a system of welfare that provided an increased amount of money depending on the number of children in a family. Malthus argued that this only encouraged the poor to give birth to more children as they would have no fear that increased numbers of offspring would make eating any more difficult. Increased numbers of poor workers would reduce labor costs and ultimately make the poor even poorer. He also stated that if the government or an agency were to provide a certain amount of money to every poor person, prices would simply rise and the value of money would change. As well, since population increases faster than production, the supply would essentially be stagnant or dropping so the demand would increase and so would price. Nonetheless, he suggested that capitalism was the only economic system that could function. The ideas that Thomas Malthus developed came before the industrial revolution and focuses on plants, animals, and grains as the key components of the diet. Therefore, for Malthus, available productive farmland was a limiting factor in population growth. With the industrial revolution and the increase in agricultural production, land has become a less important factor than it was during the 18th century. Thomas Malthus printed the second edition of his Principles of Population in 1803 and produced several additional editions until the sixth edition in 1826. Malthus was awarded the first professorship in Political Economy at the East India Companys College at Haileybury and was elected to the Royal Society in 1819. Hes often known today as the patron saint of demography and while some argue that his contributions to population studies were unremarkable, he did indeed cause population and demographics to become a topic of serious academic study. Thomas Malthus died ​in Somerset, England in 1834.

Performance Enhancing Drugs in Sports Essay examples

Performance Enhancing Drugs in Sports When involved in sports, you have to be competitive. You need to win more than anybody else. However, athletes are taking winning to the extreme. As the use of performance enhancing drugs is becoming more popular amongst athletes, many of them do not understand the risks involved in taking these drugs. Many people are looking for a quick way to build muscles, or to get stronger the fastest way possible. Using these performance aids may very well be a quick fix for many athletes, but taking the drugs is unethical and dangerous. Using special drugs to boost an athlete’s performance is degrading to sports and to the athlete, but after they stop using the drugs and lose some strength, you become†¦show more content†¦If the athlete is patient and works hard, he or she too can achieve the same strength that they would obtain using steroids. Athletes are trying to cheat using unnatural shortcuts to gain their muscle instead of spending the long hours in the weight room. People today go through many different avenues while striving for excellence in sports. Pressure to perform and win can be a heavy burden for players. Every player wants to be the best and become the next superstar of their sport, as Michael Jordan is to basketball. As with many areas of life, the better you perform on the field, the more prestige, money and power you will receive. These rewards are very enticing to young athletes, and many would sacrifice profusely to achieve such goals. Getting to such greatness requires a great amount of time, skill, hard work, and luck. Nevertheless, instead of sacrificing time and hard work, athletes look for the easy way to reach stardom. This seems to be a theme that is growing more common in the realm of sports. Still, some athletes may not be as gifted as others may, so they likely will try to make up for deficiencies by using steroids. Whether it is a good or bad way to achieve excellence, everyone still holds some sort of determination. Whether you are at the top of your game and you are the best at what you do, or you are at the bottom and at the worst, deep inside everyoneShow MoreRelatedPerformance-Enhancing Drugs in Sports1078 Words   |  4 Pagesï » ¿Performance-enhancing drugs in sports: A literature review A number of prominent athletes have recently experienced a fall from grace, because of the revelation that they used performance-enhancing drugs. Perhaps the most famous example of this phenomenon is Lance Armstrong. In an advertisement for Nike that his former sponsor now no doubt regrets, Armstrong is shown asking the viewer what am I on? Im on my bike, busting my ass six hours a day. Professional cycling is often cited as one ofRead MorePerformance Enhancing Drugs For Sports1227 Words   |  5 PagesPerformance Enhancing Drugs Sport records are becoming harder   to break and seeing records are starting to become a thing of the past.. Players aren’t being able to hit these home runs or score long touchdown’s. Injured   players are getting kicked off the team or even quit because they can’t get to their peak performance that they were at before they got injured.   If more players were to use performance enhancing drugs they would be able to compete to the performance of past players. A performanceRead MorePerformance Enhancing Drugs For Sports Essay1514 Words   |  7 PagesPerformance-Enhancing Drugs in Sports A tremendously large problem in sports is whether or not athletes should be able to use performance enhancing drugs. To most people, it doesn t make any sense for athletes to be using them. They have to know what affect it has on their body not only physically, but also mentally. Around the early 2000’s is when all this starting coming up and it has made a dramatic impact on the sports world. The few people who want performance-enhancing drugs in sports don’tRead MorePerformance Enhancing Drugs in Sports1686 Words   |  7 PagesPerformance Enhancing Drugs in Sports Athletes use performance enhancing drugs to boost their game. The professionals who use these drugs are ruining the integrity of the game. Many people don’t understand why professional athletes would go to such extreme measures to be better when they have already proven themselves. Athletes are just taking away from their natural ability by using these dangerous drugs. The risk of using performance enhancing drugs is a lot greater than the reward, because anRead MorePerformance Enhancing Drugs in Sports1207 Words   |  5 PagesThe growth and use of performance enhancing drugs makes them no longer a taboo subject among professional athletes, and is starting to become in fact rampant among athletes. There appears to be no end in sight when leagues like the NFL and NCAA have weak testing programs. Traditional locker rooms in the NFL have a few steroid users and have many HGH abusers due to the NFL’s weak testing programs. HGH has become a rampant issue for the NFL, because it allows the average NFL player to gain an edgeRead MorePerformance Enhancing Drugs in Sports527 Words   |  2 Pagesuse of performance-enhancing steroids in sports is forming a problem. The sports that they play end up being cheated by these frauds. This is a disgusting epidemic. For example, â€Å"The National Institute on Drug Abuse (NIDA) recently estimated that over half of a million 8th through 10th grade students are abusing AAS, and that many high school seniors do not believe their use constitutes a health risk† (steroidabuse.com). The problem exists in professional sports and below. Steroid use in sports is becomingRead MorePerformance Of Sports And Performance Enhancing Drugs2051 Words   |  9 PagesPerformance Enhancers in Elite Sports Performance enhancing drugs are as old as sports themselves. Even the ancient athlete that competed in some of the first Olympic Games were know to use substances to boost their performance. It is on record that â€Å"Olympian Thomas Hicks won the marathon after receiving an injection of strychnine during the race in the third Olympiad†. (Savulescu, 1) It wasn’t until the 70’s that athletes began being tested for performance enhancing drugs and they became bannedRead MorePerformance Enhancing Drugs For Professional Sports1703 Words   |  7 Pagesthe use of performance enhancing drugs. The debate on whether or not performance enhancing substances should be allowed in professional sports has been going on for years, decades even. Many believe that using steroids and other performance enhancers should automatically disqualify an athlete from ever being able to be a member of the Hall of Fame, in sports in general, not just in Major League Baseball. However, there is an argument to be made to make the use of performance enhancing drugs legal inRead More Performance-Enhancing Drugs in Sports Essay1678 Words   |  7 PagesPerformance-Enhancing Drugs in Sports In all areas of sports, professional, college, and even high school, there is widespread illegal use of performance-enhancing drugs. Although there are many reasons for athletes to choose to use these drugs, the cost of such use, both to the athlete and to society can be extraordinarily high. It is important to understand why performance-enhancing drugs are used and what are the consequences of their use to the athlete and society. One of theRead MoreSports and Performance Enhancing Drugs Essay1221 Words   |  5 PagesPerformance enhancing drugs in todays pro sports have become a big deal, because of health stimulants and the benefits that such studies have on good development of the person and on fair athletic games. Pediatricians or trainers can play a huge role in helping the athlete or player that is using or taking performance enhancing drugs. By taking factual info about the true benefits and medical problems of these drugs and giving information about healthy food and working out. Tries to create a change

Operator and Application to Business †Free Samples to Students

Question: Discuss about the Operator and Application to Business. Answer: Introduction There are different kinds of difficulties included in the organizational decision making procedure. Within the organizational decision making procedure, all the stakeholders are involved whereas the impact of the decision making is widespread. In other words, the organizational decision making process is the procedure of making the comparatively favorable choice amongst the other alternatives. Zsambok (2014) agree to that fact that the decision making within the organizations is one of the most significant management activities. Also, it is important to note that, only the managers are not responsible for the decision making process, but at every level the employees also contribute in the process of the decision making. Even though most of the cases, it is believed that the senior management make the decision, in the contemporary organizations, most of the decisions are made by the teams or the groups at the initial stage (Pettigrew 2014). This essay will trigger the decision making activities at both the strategic and operational level along with the problems being dealt at each of the levels. Pearls Boheme is a mid-sized jewelry retail business which is operated by a sole owner, Brigitte. The organization has employees such as sales managers, sales assistants as other stakeholders, but Brigitte is the only one who has been responsible for all the past decisions that have been taken so far. Brigitte is also responsible for creating and designing the jewelry other than handling the other aspects of the business such as advertizing, finance and sales. This issue has been a major problem in the organization as there is no other person involved while taking any significant decision. Even though there are several advantages of being a sole owner of any business such as making fast decisions or lower cost of employee management, sole ownership also comes with several disadvantages. Brigitte is the only one who should take the entire financial liability, therefore if there is any kind of business failure or other issues such as property damage or injured client, there is no one to make major decisions to manage the further consequences. In addition to that, the business can stop if Brigitte falls sick or not capable to work for any other reasons. Therefore the organization needs to stop doing business for a while. Therefore Pearls Boheme requires to review its decision making process for the further strategic and operational decisions. Organizational decision making is a procedure which can be of different types on the basis of the issues that arise. At the very first stage, the management requires to identify the specific issue because evaluating the issue would help the owner to judge all the aspects. After that, the manager should analyze the issue by utilizing the multiple perspective analysis as this will make the management to think out of their own perspective (Hartman, DesJardins and MacDonald 2014). According to the size and nature of the business, the decision making process of every organization tends to change. As the vision of Pearl Boheme is to make profit through doing what Pearls Boheme is best at, the organization aims to gain the competitive advantage by making distinctly different products than the other businesses in the market. While making any decision, the goal should be focused with utmost priority. Employee involvement In Pearls Boheme, there is no such formal meeting for the strategic decision making held. As it is a company for sole partnership, most of the decisions are taken by Brigitte on the basis of her years of experience and practice in the business world. Therefore, she utilizes her knowledge on the environmental factors and her business judgment for identifying the problem. However, it is significant for Pearls Boheme that there are two part time employees who are responsible for putting inputs at the strategic and operational decision making process. Even though Brigitte is the last word in the organization, she prefers consulting with others before taking any final decision. On an operational level, customer participation is most important for Pearls Boheme for creating long-term customer relationships. Therefore, the organization can introduce few customer loyalty programs which will help them to retail more clients in the long run. Along with that, past experiences in the business filed allow Brigitte recognizing the issue along with the cause, and therefore she makes the rational or intuitive decision after analyzing all the aspects of the issue. Brigitte takes all the major decisions by herself, therefore in most of the situations there is no meeting before taking any strategic or operational decisions. As explained by (), the organization follows the rule of taking steps immediately when known what is to be done. Therefore Brigitte takes immediate decisions and takes actions. The below figure demonstrates the way of making decisions for the business. Operational decisions are the ones which are made for managing the daily business within any organization. Mostly, these decisions are taken care of by the floor manager or the operations manager. It may sound easy; however there are thousands of decisions in the business on a regular basis (Shouzhen et al. 2014). The most significant thing about the day to day operational decisions is that, if it is not taken properly, it can destroy the regular service for the customers. As Pearls Bohemes is a sole partnership, Brigitte has to deal with all the regular issues by herself. She is often confronted with repetitive issues which involves different objectives such as deciding the material for a particular design, choosing the supplier for the business purpose or employee selection. Along with that, customer service is one of the major decision making procedure in the organization. It is also to be decided that a jewellery has been finished or fixing the pricing strategy (Solomon 2014). B eing a sole owner, Brigitte has to do the entire job on her own. Pearls Boheme also faced customer negotiations and the decisions that are related to the creation and designing of the jewellery where the decisions regarding creation of jewellery and the price of the piece requires to be decided. Strategic Decisions Strategic decision making is an ongoing procedure. This process includes creating new strategies for achieving the objectives and goals on the basis of the experiential outcome. For this reason the management has to work together towards its mission and vision statement. An analysis of the external and internal factors such as SWOT analysis can help the managers to achieve the objectives of the organization. If the management has a clear idea of the strengths and weaknesses of the organization, it is easier for them to make a decision where they can exploit the strengths while minimizing the weakness for avoiding the threats (Goetsch and Davis 2014). In Pearls Bohemes, the main objective of the brand is to become one of the leading jewelry businesses in Australia, therefore the organization always work together in fulfilling the expectations of the customers providing them unique and innovative jewelry. Therefore the organization works harder to provide more artistic and unique designs to the customers. The decision of relocation of the business has been taken recently. This decision has made the organization bigger and the better location has proven it to be a successful strategic decision. Nature of the problems There are different kinds of problems for Pearls Bohemes on a daily basis. The owner of the organization has to face several issues everyday and these problems are quite difficult to analyze and solve as most of the times, they are contradictory, incomplete and keep on changing the previous requirements. Mostly these issues are interdependent as while solving one issue at a time can create or reveal issues from another aspect (Rittel and Webber 1973). There are two kinds of problems faced by the organization, tame and wicked. It has a relatively well-defined and stable problem statement. It has a definite stopping point, i.e. we know when a solution is reached. It has a solution which can be objectively evaluated as being right or wrong. It belongs to a class of similar problems which can be solved in a similar manner. It has solutions which can be tried and abandoned. The characteristics of wicked problems are: There is no definitive formulation of a wicked problem Have no stopping rule Solutions not true or false but good or bad No immediate and no ultimate test of a solution Every solution is a one shot no opportunity to learn by trial and error Enumerable potential solutions Essentially unique Can be considered a symptom of another problem Existence of discrepancy explained in numerous ways Planner has no right to be wrong For example, last month the organization has faced an issue with a customer who has been changing the requirements continuously, therefore it was difficult for the employees to follow her and provide her the kind of jewelry that pleases her. However when the design matched, she started complaining about the material that has been used. Therefore the manager has faced complicated issues with her as she kept on pointing out different issues with the piece of jewelry. Also there was another internal problem to it, as the employees were not willing to do the entire job on free of cost as they have already put adequate effort for this piece of jewelry. Therefore, Brigitte has to talk to the customer and after a long period of discussions, the customer has agreed on a decision and was ready to pay extra for the further changes. Therefore, it can be said that the even if the problems are difficult thee organization has to come to a solution which does not harm neither the employees nor the customers. Decision making Approach There are two different kinds of decision making approaches by the organizations all over the world, qualitative and quantitative. As a sole owner of the organization, Brigitte has to take the final decision after ensuring that all the aspects of the issue have been addressed. There are few basic differences in both the methods. In terms of qualitative method, the inputs are mostly non-measurable, however, with qualitative method the managers have to deal with the gathered data. Qualitative method also includes a profound insight on the information; however the quantitative data is mostly mechanical and only provides the statistical analysis of the gathered data (Anderson et al. 2015). The manager can calculate the rate of facing issues with a particular product but they cannot judge how much the customers are pleased with the product. Along with that, the researchers have also observed that the results of the qualitative analysis may be ambiguous sometimes, but the results of the quantitative analysis can be decisive. In this organization, the owner mostly makes qualitative decision making approach to reach to a solution (Goodwin and Wright 2014). First, the problem needs to be identified reviewing various aspects. After that the criteria of suitable judgment needs to be decided. After a detailed evaluation and judgment procedure, the solution should be implemented immediately. Criteria before making any decision (regarding products) Weigh (1-10) Price of the product 8 User friendly 9 Cost effectiveness 8 Structural description 8 Criteria (customer service) Weight (1-10) Delivery timing 10 Attitude of the employee 8 Flexibility of exchanging the product 6 CSR 9 Williams Rational Problem Solving Approach At the first stage the specific problem has to be defined in an unambiguous way. After that the decision criteria can be decided. The third stage is to weight the criteria which will eventually generate the alternatives after the alternatives for the solution. After rating each of the alternatives on the criteria, the management has to come to an optimal decision (Goetsch and Davis 2014). This tool helps to accommodate all the potential aspects which is related to the decision making approach. The assumptions are: Problem is clear and unambiguous Single and well-defined goals can be identified Alternatives (and consequences) are all known Preferences and needs are clear, recognised, and unchanging Time and resources are abundant accessible Decision will be implemented willingly and supported by all Conclusion In recommendation, it can be said that, in Pearls Bohemes, the owner should get another members in the management which will make her job easier. Till now, she has been the only one who has been responsible for the decisions. This also includes taking fast and prompt decisions, whereas on the other hand it comes with several problems such as if she falls sick, there is no one to take care of the business. Therefore the organization should appoint other members in the senior management as well. Reference list Anderson, D.R., Sweeney, D.J., Williams, T.A., Camm, J.D. and Cochran, J.J., 2015.An introduction to management science: quantitative approaches to decision making. Cengage learning. Ferrell, O.C. and Fraedrich, J., 2015.Business ethics: Ethical decision making cases. Nelson Education. Frey, D., Schulz-Hardt, S. and Stahlberg, D., 2013. Information seeking among individuals and groups and possible consequences for decision-making in business and politics.Understanding group behavior,2, pp.211-225. Goetsch, D.L. and Davis, S.B., 2014.Quality management for organizational excellence. Upper Saddle River, NJ: pearson. Goodwin, P., Wright, G. 2014, Decision Analysis for Management Judgement, 5th edition, Chichester UK, Wiley. Hartman, L.P., DesJardins, J.R. and MacDonald, C., 2014.Business ethics: Decision making for personal integrity and social responsibility. New York: McGraw-Hill. Pettigrew, A.M., 2014.The politics of organizational decision-making. Routledge. Richey T 2005, Wicked Problems: structuring social messes with morphological analysis, Swedish Morphological Society (www.swemorph.com) Rittel H, and Webber M, 1973, Dilemmas in a General Theory of Planning in Policy Sciences, Vol 4, pp155-169, Elservier Scientific Publishing Co Inc: Amsterdam Schmoldt, D., Kangas, J., Mendoza, G.A. and Pesonen, M. eds., 2013.The analytic hierarchy process in natural resource and environmental decision making(Vol. 3). Springer Science Business Media. Sguera, F., Sekerka, L.E. and Bagozzi, R., 2017, January. Self-Conscious Emotions and Moral Decision Making in Business. InAcademy of Management Proceedings(Vol. 2017, No. 1, p. 13728). Academy of Management. Shouzhen, Z., Qifeng, W., Merig, J.M. and Tiejun, P., 2014. Induced intuitionistic fuzzy ordered weighted averaging: Weighted average operator and its application to business decision-making.Computer Science and Information Systems,11(2), pp.839-857. Solomon, M.R., 2014.Consumer behavior: Buying, having, and being(Vol. 10). Upper Saddle River, NJ: Prentice Hall. Sutherland, L.A. and Holstead, K.L., 2014. Future-proofing the farm: on-farm wind turbine development in farm business decision-making.Land Use Policy,36, pp.102-112. Williams, S.W. 2002, Making better Business Decisions: understanding and improving critical thinking and problem-solving skills, Thousand Oaks California, Sage Publications Chapter 1. Williams, S.W. 2002, Making better Business Decisions: understanding and improving critical thinking and problem-solving skills, Thousand Oaks California, Sage Publications Chapter 1. Zsambok, C.E., 2014.Naturalistic decision making. Psychology Press.