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Pages:
2 pages/β‰ˆ550 words
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3 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Case Study
Language:
English (U.S.)
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MS Word
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Topic:

Analyzing Managerial Decisions: Medford University

Case Study Instructions:

Answer th questin on Chapter 12 - “Analyzing Managerial Decisions: Medford University” (p. 387) Brickley, J., Smith, C., & Zimmerman, J. (2009). Managerial economics and organizational architecture (5th ed.). New York: McGraw Hill/Irwin.
Your response should focus on answering the question at the end of the case and providing explanation of your answer from reading the chapter. Case Assignments: All questions should be answered for this case study. If calculations would enhance your commentary, it is strongly urged that you include these calculations. The length of a case study is determined by how well you include the requested information. Succinct, complete answers that show that you have prepared your writing with thought and reflection are preferable to answers that ramble and are not reflective of the course content. A complete, well-developed response can be given in several paragraphs or several pages depending on the question and your ability to articulate your answer. You are encouraged to use textbook concepts listed in chapter as you attempt to explain in your own words the answers to the assignments.

Case Study Sample Content Preview:

Analyzing Managerial Decisions: Medford University
Name
Institution
Date
Introduction
Jobs vary substantially based on the tasks and decision-making authority scope. Making decisions as managers in corporations consumes large amount of time. Therefore, partitioning tasks and decision rights is important because the other people have important information about the real sensitive situation on the ground compared to managers. This has become a common trend as firms are geared towards decentralization due to increased global competition and technological changes. Initially, the centralized decision system included decisions made by individuals at the top, which has not been effective compared to a decentralized system where many people make organizational vital decisions especially at lower levels using local knowledge effectively. Firms assign decision right to committees or teams of employees rather than specific individuals (Brickley, Smith & Zimmerman, 2009).
Question 1
In one of the case study, Medford University is facing financial pressure as it currently spends $ 100million annually on fringe benefits and also faces large future payment of medical benefits for retirees. The president has appointed a task force consisting of faculty and staff from various departments. This is a move being witnessed in big corporations as decision rights are assigned to teams or committees compared to specific individuals. The president appointed a task force to consider the issue of fringe benefits compared to the university human resource department to design a plan. This is an effective approach for future sustainability of the plan. The task force is important because individuals with the relevant knowledge share information among themselves, generating new ideas. Decisions are made through consensus after discussion as this reduces employee’s concerns about the effects of the decision-making process. By initiating a task force, it increases employee buying-in in that employees will be committed to the implementation process based on their own decisions that they have recommended (Brickley, Smith & Zimmerman, 2009).
Question 2
Not all members of the task force will act as an...
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