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You are currently being considered for a major promotion within your company to vice president of...

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General Management

You are currently being considered for a major promotion withinyour company to vice president of marketing. In your currentposition as manager of advertising, you supervise five managers andtwo hourly workers. As part of the annual salary review process,you have been given the flexibility to grant your employees anaverage 3 percent annual sal- ary increase; however, you arestrongly considering a lower amount. This would ensure that yourdepartment’s expenses stay under budget and would send the messagethat you are able to control costs. What factors do you need toconsider in making this deci- sion? How would you proceed?

Answer & Explanation Solved by verified expert
4.0 Ratings (842 Votes)
Step 1 Identifying the goal The first step in decision making is to identify the goal In this scenario there is a multidimensional goal To control costs To ensure employee satisfaction To maximise impact on the higher management Step 2 Collecting necessary information to make a decision The responsibility of a manager is to take informed decisions So it is necessary to gather the information related to the issue for obtaining a better understanding of what needs    See Answer
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