Brief discussion and an example of the difference between Savage's and Jeffrey's frameworks for decision theory.

What is the main difference between Savage's and Jeffrey's framework for decision theory?

Defining the Problem

You have just been hired by Juicy Red Tomato Company as a human resources consultant. Juicy Red Tomato Company (JRT), a tomato grower operating in Florida, hired you to investigate (1) the effectiveness and efficiency of its organizational structure, and (2) the selection and maintenance of managerial personnel. The reason why? Internal costs are rising, key personnel are leaving, and the company is considering expanding its operations. You are not the first consultant; your predecessor had started to develop a proposal, but left suddenly. Review the proposal in progress, then add what is needed to complete this initial stage of problem definition.(Use the first five steps of the Research... click for more

Recent business decision

Think about a recent business decision you have made that was either a success or a failure. Your supervisor asked you to email him/her a self-evaluation of this decision as part of your yearly evaluation. You are to be as objective and open minded as possible. Analyze your decision using Bazerman's six steps as a guide: define the problem, identify the criteria, weigh the criteria, generate alternatives, rate each alternative on each criterion, compute the optimal decision. Make sure your email addresses the following issues: Were there any discrepancies between the calculated "optimal" decision and your actual (or favored) decision? If so, what might account for the discrepancies? ... click for more

Initial proposal

You bring your initial proposal work (topic, purpose statement, research questions, and hypothesis) to a stakeholder committee, which is comprised of your manager and other senior-level people. They react and you take notes. NOTES Juicy Red Tomato Company Steering Committee Meeting notes • Discussed research proposal • HR manager comments - agreed with everything, seemed a little upset that her suggestions were not followed previously • Agri director disagrees that wages are not adequate - "after all we're using migrant workers" Also argued that JRT provides housing for workers, so that should count as compensation. • IT manager commented he's been fighting for budget to... click for more

Comments from the steering committee

Despite the comments from the steering committee, your manager thinks that your proposal thus far is sound, and encourages you to take the next step - conducting research. Develop a presentation of your proposal to date. You will need to use both literature review and data, and your sources need to be credible and current, In the speaker notes elaborate on your outline and give references to support your claim. Include information on the following: Introduction to your proposal thus far Definition of the problem a purpose statement Pertinent data that you have gathered to help you formulate your decision The type of data you will gather, how it will be collected and how will it a... click for more