what are the main obstacles towards developing an evidence-based approach to management in companies? how can these be overcome?
Answers
The main obstacles towards developing an evidence-based approach to management in companies include a lack of available data, resistance to change, limited time and resources, and cognitive biases.
To overcome these obstacles, companies can:
1. Improve data collection and availability: Companies should invest in systems and tools that enable efficient data collection and storage, making it easier for managers to access and analyse the information they need for decision-making.
2. Encourage a culture of change: Organisations should foster a culture that embraces change and values learning from mistakes. This can help reduce resistance to new evidence-based approaches and encourage employees to adopt them.
3. Allocate time and resources: Companies need to allocate sufficient time and resources to support evidence-based decision-making. This may include providing training and support for managers to develop their analytical and critical thinking skills.
4. Address cognitive biases: To overcome cognitive biases, managers should be encouraged to challenge their own assumptions, seek diverse perspectives, and use objective criteria to evaluate decisions.
By addressing these obstacles, companies can develop a more effective evidence-based approach to management, leading to improved decision-making and better organisational performance.
To know more about cognitive bias
https://brainly.com/question/30092266
#SPJ11
Related Questions
Which element of the marketing mix is involved when marketers make their offering available when and where the customer wants it? multiple choice
Answers
The element of the marketing mix involved when marketers make their offering available when and where the customer wants it is "Place" or "Distribution."
In the marketing mix, which consists of the 4 Ps (Product, Price, Promotion, and Place), the "Place" element refers to the distribution strategy employed by marketers to ensure that their products or services are conveniently available to customers at the right time and in the right locations.
The "Place" element encompasses decisions related to channels of distribution, inventory management, transportation, and logistics. It involves determining the optimal distribution channels, such as direct sales, retail outlets, e-commerce platforms, or a combination of these, to reach the target market effectively.
Marketers must also consider factors like physical distribution, warehousing, and order fulfillment to ensure smooth delivery and availability of the offering. By making their offering available when and where the customer wants it, marketers aim to enhance customer convenience, accessibility, and satisfaction.
This strategy involves understanding customer preferences, buying behaviors, and the most suitable distribution methods for reaching them. It may involve expanding distribution networks, establishing partnerships with retailers or distributors, or leveraging online platforms to meet customers' expectations and provide a seamless buying experience.
In conclusion, the element of the marketing mix involved in making an offering available when and where the customer wants it is "Place" or "Distribution." It focuses on the strategic decisions and actions taken to ensure the right product is available in the right place, at the right time, and through the right channels to meet customer demand effectively.
Learn more about marketing mix here; brainly.com/question/29763774
#SPJ11
2.
What is selling? How can you apply this in your real life as a student?
Answers
To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
Learn more about the payroll register here:
https://brainly.com/question/24265652
#SPJ1
Which of the following is not typically a characteristic experienced by a company during the introductory phase of the corporate life cycle? A. Cash from financing is positive. B. Cash from investing is positive. C. Cash used in operations will exceed cash generated by operations, Considerable cash will be used to purchase productive assets.
Answers
The characteristic that is not typically experienced by a company during the introductory phase of the corporate life cycle is option A: Cash from financing is positive.
During the introductory phase of the corporate life cycle, a company is in its early stages of operation, and it is focused on establishing its presence in the market.
This phase is often marked by significant investments in infrastructure, research and development, and marketing efforts. As a result, the company is likely to experience negative cash flow from financing activities.
Options B and C, on the other hand, are typically observed during the introductory phase:
B. Cash from investing is positive: In the introductory phase, a company may require capital investments to acquire necessary equipment, technology, or facilities. This positive cash flow from investing reflects the funds coming in as the company acquires productive assets.
Therefore, the correct answer is option A.
Learn more about life cycle here:
https://brainly.com/question/29099285
#SPJ11
What is the difference between a total and a subtotal?
Answers
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
In year 1 ending inventory is overstated by $2,000. explain the effect on cost of goods sold, gross profit and net income in year 1 and year 2 select all answers that apply.
Answers
The impact on gross profit, net income, and cost of goods sold in years 1 and 2: Net income in the following year, year 2, will be understated. Net income in the current year, year 1, will be overstated.
What is net income?Net income is a term used to describe the total amount of money a company earns after accounting for all expenses, including taxes, depreciation, and other adjustments. It is calculated by subtracting total expenses from total revenue. Net income can be either positive (profit) or negative (loss). Positive net income is an indication of a company's financial health, as it shows that more money was earned than was spent.
To learn more about net income
https://brainly.com/question/28390284
#SPJ4
Complete Question:
In year 1 ending inventory is overstated by $2,000. Explain the effect on cost of goods sold, gross profit and net income in year 1 and year 2 Select all answers that apply.
Net income in the following year, year 2, will be understated.
Net income in the current year, year 1, will be overstated.
Gross profit in the next year, year 2, will be understated.
Cost of goods sold in the following year, year 2, will be overstated.
Answer: cost of goods sold in the following year, year 2, will be overstated.
Gross profit in the current year, year1, will be overstated.
Cost of good sold in the current year, year 1, will be understated.
Gross profit in the next year, year 2, will be understated.
Explanation:
Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications
Answers
Note that the Brainstorming Techniques matched to one another are given as follows:
Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammarWhat are brainstorming techniques?The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.
The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.
Learn more about brainstorming techniques:
https://brainly.com/question/26684333
#SPJ1
you own 100 shares in each of three companies, each company pays a dividend. gillete pays 1.15 per share in dividends, general electric pays .79 per share in dividends and hersheys food pays .84 per share in dividends how much do you collect from all 3 companies in dividend
Answers
Answer:
$278
Explanation:
100 * 1.15 = $115
100 * .79 = $79
100 * .84 = $84
$278
Hope this helps
Help ASAP!!!! What is the most-possible answer?
Answers
Answer:
Community and junior colleges.
Explanation:
I don't know if im too correct but if i am, mark me brainliest?:)
Answer:
D - Collages
Explanation:
That is the only thing I know that gives degrees
T/F n open market transactions, Gold Corp. simultaneously sold its long-term investment in Iron Corp. bonds and purchased its own outstanding bonds. The broker remitted the net cash from the two transactions. Gold's gain on the purchase of its own bonds exceeded its loss on the sale of the Iron bonds. Assume the transaction to purchase its own outstanding bonds is unusual in nature and has occurred infrequently. Under U.S. GAAP, Gold should report the: Effect of its own bond transaction as an extraordinary gain, and report the Iron bond transaction loss in income before extraordinary items.
Answers
True, Gold Corp. should report the effect of its own bond transaction as an extraordinary gain and report the Iron bond transaction loss in income before extraordinary items under U.S. GAAP.
Extraordinary items are defined as unusual and infrequent events that occur during the normal course of business and which have a material effect on a company's financial statements. These items are usually reported below income from continuing operations but above net income or loss. Extraordinary gains or losses are treated as separate line items on a company's income statement and are reported separately from other gains or losses.
Gold's gain on the purchase of its own bonds exceeded its loss on the sale of the Iron bonds. Since the transaction to purchase its own outstanding bonds is unusual in nature and has occurred infrequently, the effect of its own bond transaction should be reported as an extraordinary gain and the Iron bond transaction loss should be reported in income before extraordinary items under U.S. GAAP.
To know more about transaction visit:
brainly.com/question/15415805
#SPJ11
Project: Pet Grooming Website
You have a pet grooming business and want to create a new website. You want the website to have a video of your office, some pictures of your dog groomers, some testimonials from clients, a list of your prices, a description of your services, and a place to buy gift certificates or pre-pay for services. You want the site to use your color scheme, which is brown and black.
You decide to use a web development company. When you make the appointment, the receptionist tells you that you will meet with their project manager.
When you meet the project manager, she asks you for a good bit of detailed information. You decide that your budget will be $50,000. The project manager believes this will be a good budget because it will cost $20,000 for the web developer, $10,000 for the graphic artist, $5,000 for the photographer, $5,000 for the web hosting service, $5,000 to make the video, and $5,000 for various other expenses.
She explains that you will need to provide them with a list of clients that would be willing to participate as examples or provide testimonials. She warns you that they may expect to be paid for their participation and that there will need to be legal releases signed. She says that this will need to be done first.
Then, they will have the video company make the video and the photographer take the pictures. After this, the graphic artist can put together something for the web developer to create. All in all, the project should take about a month to complete.
Assignment
You will create a project plan document. The document will not be highly detailed. The information provided in the scenario above will be enough to create the document. You may have to guess or make up some of the details. You will not be graded on the accuracy of the details; instead, you will be graded on the project plan and your ability to structure it correctly and include the sections as described in the lesson. Make sure to give each section the proper heading and to write out your descriptions in complete sentences. The exception to this is when you create the project budget. You may do this in chart or column forma HELP
Answers
The planning of this project must have several stages, in general they can be classified as planning, execution and review.
What is planning?Planning is a term that refers to the decision-making process to achieve a specific objective taking into account the current situation and the internal and external factors that may influence the achievement of the objectives.
According to the above, planning would be the first process because in this we are going to draw a route of action in which we are going to specify all the tasks prior to the realization of the web page. This stage includes activities such as:
Interview with clients.Photos of services and products.Information gathering.Establishment of dates and objectives.In the execution stage, the creators of the page begin to work on the design and publication of the page, including all the information previously collected.
In the review stage, the entire team reviews whether the objectives set are being achieved and the necessary corrections are made.
Learn more about planning in: https://brainly.com/question/1933524
how are you avalon23413?
Answers
Answer:
im great
Explanation:
I’m doing well !! I hope you’re are going good too
Explanation:
Which of the following elements does NOT typically appear in a well-prepared business plan? O qualifications of the owners O names of all employees O description of the product or service O financial plan O an analysis of the market
Answers
The element that does NOT typically appear in a well-prepared business plan is the names of all employees.
A well-prepared business plan usually includes the qualifications of the owners, a description of the product or service, a financial plan, and an analysis of the market. These elements are crucial for presenting a comprehensive overview of the business and its potential for success.
The names of all employees, however, are not essential as they do not directly contribute to the business's overall strategy, market analysis, or financial projections. Instead, the focus should be on key personnel and their qualifications, as they will play a significant role in the business's development and success.
To know more about business plan click on below link:
https://brainly.com/question/15826604#
#SPJ11
Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.
Answers
Answer:
C. Unlimited liability for all partners.
Explanation:
A general partner has unlimited liability to the debts of the business. It follows that in a general partnership business, all partners will have unlimited liability to business debts.
A general partnership is not a separate entity from its owners. Assets and liabilities of the business will be treated as those of the partners. Should the business fail in paying its debts, the partners' personal properties may be sold to clear the debts.
1. Which of the following is a benefit of channels of distribution:
a. We can more easily obtain products from all over the world.
b. Producers must spend more money.
c. Retailers must spend more money.
d. We spend more time looking for products we want.
Answers
The advantage of distribution channels is that they make it simpler for us to buy goods from around the globe. Option A is correct.
What is the channel distribution?Distribution channels are the routes that goods and services follow from the producer or supplier of the service to the final customer. Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients.
Unhappy consumers and subpar service delivery may result from a company's failure to choose the optimal group of enterprises for this purpose. Distribution channels have the benefit of making it easier for us to purchase items from around the world.
Therefore, option A is correct.
Learn more about the channel distribution, refer to;
https://brainly.com/question/15774206
#SPJ6
What challenges/obstacles do you think you will have in college?
Answers
Answer: In college you may get obstacles like
Academic Difficulties.
Financial Challenges.
Emotional and Mental Health Challenges.
Mental Health Counseling.
Consider Career, Interests, and Aptitude.
Don't Choose a Major Too Soon.
Explanation:
Problem 5-7 Analyzing Transactions
Answers
Why is having a professional profile recommended over a simple objective statement?
Answers
Answer:
The resume profile is usually slightly longer than the objective and should quickly communicate to hiring managers why you are a good fit for the position. Some employers prefer a profile over an objective because they'll typically learn more about the candidate's background.
Explanation:
that way the person interviewing you knows what ur good at and what ur abt if uve been to jail or prison or was a bad kid in ur childhood
how do you manage scarce resources?
Answers
By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.
in the context of employee morale and the role of management, compared with younger workers, older employees are more interested in:
Answers
To provide a detailed explanation, it is often observed that compared to younger workers, older employees tend to place greater importance on job security, work-life balance, and benefits. Older workers have more experience in the workforce and are generally more settled in their personal lives.
They prioritize stability and job security because they may have more financial responsibilities, such as mortgages and family obligations, and are less likely to take risks that could jeopardize their financial security. Moreover, older employees are more interested in achieving a balance between their work and personal lives, as they may have caregiving responsibilities or other personal commitments that demand their time and attention.
In terms of management, it is important for leaders to recognize the unique needs and preferences of their older employees and implement policies that support them. Providing benefits such as health insurance, retirement plans, and flexible work arrangements can help older employees feel valued and supported, which in turn can boost their morale and job satisfaction. Furthermore, investing in professional development opportunities and career growth for older employees can also help them feel engaged and motivated in their roles.
Overall, understanding the priorities of older workers and adapting management strategies to meet their needs can result in a more positive and productive work environment for everyone.
Learn more about strategies in business here:
https://brainly.com/question/26865735
#SPJ11
describe the following trends in buinesses. Give an example of what you can do to maintain a productive business environment to support each trend.
a. Social responsibility
b. Green business
c. Globalization
d. Technology
Answers
Answer:
d
Explanation:
Alot of people today have technology if you had a version of your own and it goes viral you could make 63,903 a year..experienced coders get 85k
Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $16,100 under terms of 3/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $610 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $23,700 cash and delivered under terms FOB destination with freight cost amounting to $410. What is the amount of gross margin that results from these transactions
Answers
Answer:
$7,473
Explanation:
Calculation to determine the amount of gross margin that results from these transactions
First step is to calculate COGS
COGS=$16,100-($16,100 * 0.03)+$610
COGS=$16,100-$483+$610
COGS=$16,227
Now let calculate the Gross margin
Using this formula
Gross margin = Sales revenue - COGS
Let plug in the formula
Gross margin=$23,700 - $16,227
Gross margin =$7,473
Therefore the amount of gross margin that results from these transactions is $7,473
An item is regularly priced at 70$. It is on sale for 20% off the regular price. What is the sale price?
ITS 7TH GRADE MATH BTW!
Answers
Answer:
it's 56.
Explanation:
70*0.8=56
Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answers
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
Brainiest???
The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
Learn More about Blog here:
https://brainly.com/question/898474
What Are the 4 Cs of Credit?
Answers
Although standards may vary from lender to lender, all lenders will consider the four main factors of capacity, capital, collateral, and credit when deciding whether or not to provide a loan.
How would you define credit?Credit is the trust that permits one party to lend money or assets to that other party, with the understanding that the second party will not immediately repay the first party but will instead repay it or return the resources at a later time. The capacity to access products or services or borrow money with the idea that you'll pay for them later is known as credit.
To know more about credit visit:
https://brainly.com/question/1475993
#SPJ4
will mark brainliest You'll need a partner for this exercise you can make one up. In about an hour's time, train your partner in one or more of the safety and sanitation procedures. Use a variety of methods. Provide your "trainee" with written instructions, demonstrate the procedures, monitor your trainee as he or she practices the procedures, and provide feedback. After you're done with your training program, ask your trainee to provide you with feedback. Were your written instructions clear? Was your demonstration easy to follow? Was your feedback useful?
Take notes and write a report that includes the following:
the procedure(s) you taught
the methods of training you used
the feedback from your trainee
Answers
A sanitation program should focus on different aspects related to environmental health, that is, waste and water management.
What is sanitation?Environmental sanitation is a term that refers to the set of technical actions that focus on increasing levels of environmental health, some of these activities are:
Sanitary management of drinking water.Management of wastewater and discharges.Solid waste management.Management of organic wasteEmissions into the atmosphereHygienic behavior that reduces health risks.Among others.According to the above, a health education program should include at least the aforementioned topics so that the student has a complete knowledge about health.
Learn more about Environmental sanitation in: https://brainly.com/question/22815425
#SPJ1
Your client, Bo Regard, holds a complete portfolio that consists of a portfolio of risky assets (P) and T-Bills. The information below refers to these assets. E(Rp) 12.00 % Standard Deviation of P 7.20 % T-Bill rate 3.60 % Proportion of Complete Portfolio in P 80 % Proportion of Complete Portfolio in T-Bills 20 % Composition of P: Stock A 40.00 % Stock B 25.00 % Stock C 35.00 % Total 100.00 % What is the expected return on Bo's complete portfolio
Answers
A. 3.48 % B. 7.55 % C. 9.28 % D. 10.67 % <--Correct Answer
E(Rp) = (1/6)*0% + (1/2)*7% + (1/3)*12% = 9,33% or about 9,3%.
This is the correct answer.
Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answers
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
many college graduates face the reality of unemployment or underemployment. meaning having a degree but working in a job for which a degree isn't necessary.
Answers
It can be difficult to find a job that fits a person's qualifications, and this can lead to frustration and disappointment.
The issue of underemployment has become more prevalent over the years. This is because many college graduates are competing for jobs in a market that is already saturated. The result is that many qualified individuals are unable to find work in their chosen field. Instead, they are forced to take jobs that pay less than what they deserve, or that are outside of their field of expertise.
In addition, underemployment has a negative effect on the economy. When a person is underemployed, they are not contributing as much to the economy as they would if they were fully employed. This can lead to a decrease in consumer spending, which can have a ripple effect on other industries.
Therefore, it is important to address the issue of underemployment. Colleges and universities should prepare students for the job market and help them develop the skills needed to succeed in their chosen field. Employers should also be encouraged to create more jobs in areas where there is high demand. By working together, we can reduce the incidence of underemployment and help college graduates find jobs that are appropriate for their qualifications and skills.
Many college graduates are underemployed or unemployed. Underemployment is the act of a graduate working in a job that does not require a degree. With the rising number of college graduates, the competition for jobs is intense. As a result, there is a decrease in the number of available jobs for college graduates. Employers are not offering as many opportunities to these individuals as they would prefer. They may take jobs that pay less or that do not suit their expertise. Furthermore, the economy is negatively affected by underemployment. Graduates who are underemployed do not contribute as much to the economy as they could if they were fully employed. Therefore, colleges and universities need to prepare their students for the job market, and employers must create more jobs in areas of high demand.
Learn more about underemployment from the given link
https://brainly.com/question/28162668
#SPJ11
what does the tagline for kitkat make you think about the product
Answers
Answer: Have a break, have a KitKat
Explanation: The original tagline for KitKat is Have a break, have a KitKat, by Donald Gilles in 1957
Answer: The tagline of KitKat, have a break, have a KitKat urges the audience to snack on KitKat whenever they are free. it also focuses on the fact that you do not need any special occasion to eat KitKat.
Explanation: KitKat as a brand uses a variety of strategies to lure its customers. It has a distinct taste and 200 different flavors and types of KitKat. The tagline is also unique in its type and lures many customers.