Give an example of a good decision that you made that resulted in a bad outcome

Questions Each topic must be at least 1 paragraph. Topic 1 Give an example of a good decision that you made that resulted in a bad outcome. Also give an example of a bad decision that had a good outcome. Why was each decision good or bad? Topic 2 Give an example of a situation in your life where you can identify an opportunity loss. Explain why this was an opportunity loss and any implications it may have had on future decisions .   Life is full of decisions and at times, the decision we make may result in pleasant or unpleasant results. Interestingly, not all bad decisions result in wrong results, and not all good decision result in positive results.  The decision-making process composes setting goals, gathering information and data and evaluating alternative choices (Hwang, 2012). A decision-making process constitute of more than one step to ensure the final decision is the best among the alternatives. Topic 1 As the manager of my own firm, I decided to acquire on...
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Operation Management

Operation Management Admission Services - Personal Statement Each and every investor and entrepreneur risks his money in hope to make a profit. To generate profit, a company needs to increase its sales while reducing the cost of production. The only way to lower the cost of production and operations is by improving the effectiveness and efficiency of its employees. This duty falls under the docket and Department of operation management (Asano, 2007). Operation management is the administration of business practices to create the highest level of efficiency and effectiveness in an organization. However, not everyone is qualified to become an operation manager considering that they need special skills. The following are some of the attributes necessary for an operation manager to become effective and successful. Realistic – an operation manager needs to actualize the real situation of an organization and realize and understand that employees are valuable assets of an organization. He should treat all employees with respect and communicate with operation staffs...
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