Decision Making

Human in real life does make a lot of decisions. Life decision, final decision, uncertain decision, certain decision, critical decision, and of course......financial decision.

Decision making - Choices of two or more than two with alternatives or options to confirm something.

Assumptions of rationality
~consistent, value maximising, bias-free, fairness

Bounded rationality
~Assumptions of rationality + bounded/limited/parameters

Intuition/Intuitive decision making
~Experiences, accumulated judgement, instinct and sixth sense

The End

Lessons From Buddha

According to Buddha........to be respected by other, levels or post is not necessary needed to gain respect. We must control our desires, be kind to others, respect others, intelligent, live with normal life and he or she will be respected by others. ( Isn't it like morale studies or it is understood that these are the criterias to be respected? )

Conclusion, most of Buddha's theories should be.........positive

Mintzberg's Managerial Role

Interpersonal

Figurehead - Sign document, introduce around workplace.
Leader - Cheer up group or team members, solve conflicts.
Liaison - Setting up network relationship with internal and external friends.

Informational

Monitor - Monitoring actual performance and compare it to standards to overcome contingencies.
Disseminator - Receiving reliable information from sourcers.
Spokesperson - Information outflow from organisation to public or certain entities.

Decisional

Negotiator - To negotiate relevant conditions.
Entrepreneur - Outsourcing for opportunities to set up subsidiaries at any places.
Resource allocator - Reallocate resources to its max-use capacity efficiently.
Disturbance handler - Solving contingencies as flexibility as possible.

*XD muaha....maybe this is an effective way of studying+posting.....to test my understanding on each subjects' topic......wat a nice combination........"one arrow two birds down!" rocks~

JOKES~!!!

TEACHER: How old were you on your last birthday?STUDENT: Seven.TEACHER: How old will you be on your next birthday?STUDENT: Nine.TEACHER: That's impossible.STUDENT: No, it isn't, Teacher. I'm eight today.
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SUBSTITUTE TEACHER: Are you chewing gum?BILLY : No, I'm Billy Anderson.
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TEACHER: Didn't you promise to behave?STUDENT: Yes, Sir.TEACHER: And didn't I promise to punish you if you didn't?STUDENT: Yes, Sir, but since I broke my promise, I don't expect you to keep yours.
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TEACHER: Tommy, why do you always get so dirty?TOMMY : Well, I'm a lot closer to the ground then you are.
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HAROLD : Teacher, would you punish me for something I didn't do?TEACHER : Of course not.HAROLD : Good, because I didn't do my homework.
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TEACHER: I hope I didn't see you looking at Don's paper.JOHN : I hope you didn't either.
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GARY : I don't think I deserve a zero on this test.TEACHER: I agree, but it's the lowest mark I can give you.
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MOTHER : Why did you get such a low mark on that test?JUNIOR : Because of absence.MOTHER : You mean you were absent on the day of the test?JUNIOR : No, but the kid who sits next to me was.
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SILVIA : Dad, can you write in the dark?FATHER : I think so. What do you want me to write?SYLVIA : Your name on this report card.
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TEACHER: Well, at least there's one thing I can say about your son.FATHER : What's that?TEACHER: With grades like these, he couldn't be cheating.
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TEACHER: In this box, I have a 10-foot snake.SAMMY : You can't fool me, Teacher... snakes don't have feet.
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HYGIENE TEACHER: How can you prevent diseases caused by biting insects?JOSE : Don't bite any.
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TEACHER: Ellen, give me a sentence starting with "I".ELLEN : I is...TEACHER: No, Ellen. Always say, "I am."ELLEN : All right... "I am the ninth letter of the alphabet."
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TEACHER: Max, use "defeat," "defense," and "detail" in a sentence.MAX : The rabbit cut across the field, and defeat went over defense before detail.
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MOTHER : Why on earth did you swallow the money I gave you?JUNIOR : You said it was my lunch money.
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TEACHER: If you received $10 from 10 people, what would you get?SASHA : A new bike.
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TEACHER: If you had one dollar and you asked your father for another, how many dollars would you have?VINCENT: One dollar.TEACHER: (sadly)You don't know your arithmetic.VINCENT: (sadly)You don't know my father
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TEACHER: If I had seven oranges in one hand and eight oranges in the other, what would I have?CLASS COMEDIAN: Big hands!
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BOY : Isn't the principal a dummy!GIRL: Say, do you know who I am?BOY : No.GIRL: I'm the principal's daughter.BOY : And do you know who I am?GIRL: No.BOY : Thank goodness!