Business Finance Homework Help

Productivity

Jack Welch, GE’s former CEO, said, “We now know where productivity comes from. It comes from challenged, empowered, excited, rewarded teams of people.”

• Explain how group dynamics, team characteristics, team leadership, and team management all play a vital role in company productivity.

Organization Decisions

Please respond to the following:

• Detail the impact of the following decision-making models: rational decision-making model, bounded rationality decision-making model, the intuitive decision-making model, and the creative decision-making model.
• How does each decision-making model help improve a company’s effectiveness?