1 Discussion Questions Every time we have to make a choice we are fa

1 Discussion Questions Every time we have to make a choice we are fa

Apr 5, 2020 | Business

1 Discussion Questions Every time we have to make a choice we are fa

Discussion Questions

Every
time we have to make a choice we are faced with an opportunity cost. Using an
example in your professional life identify a situation where you were presented
with a choice, the opportunity cost of the choice you made and the process you
used to make your choice. As part of your discussion explain whether or not
responsible stewardship played a role in your choice. Remember to use the
appropriate economic concepts and terminology that are applicable to your
answer.

Discussion Questions

What
factors must a firm consider when deciding to raise or lower its price? In
answering this question think about the content in Chapters 4 and 5 and use a
real-world example that helps illustrate your answer.

Discussion Questions

View
the video at the link below and share your thoughts on the economic concepts
that you believe are applicable. In your response provide a rationale on
whether or not a firm has to possess market power in order to raise prices.

.nbclearn.com/portal/site/HigherEd/coursenavigator?cuecard=42019″>How to
Raise Prices Without Losing Customers

Discussion Questions

If a
firm has created value is it also always able to capture that value? How does a
firm create value and then what must it be able to do to capture that value? In
your answer provide an example of a firm that has been able to create value.
Then discuss whether or not you believe it has captured that value and if so
how it was captured and if not why it was not able to do so.

Discussion Questions

Identify
an incentive conflict in your firm, or one you have read about, that reduced
firm value. As part of your answer discuss whether or not one or more of the legs
of the organizational stool was unbalanced, and if so, how that contributed to
the conflict.

Discussion Questions

Should
decision management and decision control be separated? As part of your
discussion, provide a real-world example (or provide a fictitious example) of a
firm where the control (correctly) resides with the same individual as well as
an example of a firm where the control is (correctly) separated.
7

Discussion Questions

W.
Edwards Deming, often referred to as the leading quality guru in the United
States, and psychologist Alfie Kohn support the idea that incentive pay is not
a motivator for individuals to do a good job. Yet economists argue that
incentive compensation does work and as economist George Baker notes in his
1993 article in the Harvard Business Review titled “Rethinking
Rewards,” “The problem is not that incentives can’t work but that
they work too well.” What does Baker mean? Discuss the importance of a
well-developed compensation plan in attracting and retaining good employees and
how to keep those plans from “working too well.”

Discussion Questions

Describe an experience
that you have had working on a team. As part of your response discuss how the
team was evaluated. Also discuss whether or not the free-rider problem existed
on your team. If it did exist also discuss how/if the problem was addressed. If
the problem did not exist discuss why not or how the problem was managed.

Assignments

Module 1
For each module you will need to complete case study questions
from your textManagerial economics and organizational architecture. Read the scenario provided in the text and then answer the
questions provided. Please see your syllabus for more information.