Write a memo describing how to make right business decisions for Essay

Write a memo describing how to make right business decisions for senior managers - Essay Example Timing – this is one of the most important aspects in decision making. No matter how right a decision may seem to be if its timing was wrong, then the decision is also wrong to the extent of its wrong timing (Zaratà ©, 2008). An example is timing when investing in the stock market. The simple rule known by all is ‘buy low, sell high’. This not withstanding, many still miss the point and majority loses a great deal basically due to wrong timing. Prices for stock can be low but that does not necessarily mean it is the right time to buy that particular stock. The same case applies where prices are high where this also does not imply it is the right time to sell. This is more of a norm rather than the rule. This scenario also applies elsewhere. Tailoring – under this criterion the fundamental reality of situations and circumstances is that no single one is identical to the other. This therefore calls for senior managers to make decisions that serve the uniqueness of each situation. Lack of tailoring in making decisions is tantamount to absent mindedness thus bad decisions made. History – decisions and their outcomes give a hint on how successful a decision can be. Looking back to similar decisions made in similar circumstances is therefore important to predict the likely outcome. A senior manager should therefore make decisions basing this on history of similar approaches’ success or failure of others. Hoch (2004) says that in order to ensure that a good decision is made all the above have to work together since each situation needs its good timing, it is unique in its own sense therefore the need to have the decision tailored to fit its uniqueness and its history should be sort to predict success. When I was an employee at one of petroleum companies the branch manager then was faced with a looming shortage from the headquarters out of national oil crisis. He made

Properrty Law Case Study Example | Topics and Well Written Essays - 2000 words

Properrty Law - Case Study Example Arnold, however, paid the mortgage instalments until he died in 2001, leaving all his property to Wendy. Very shortly thereafter, Bill's marriage broke up and he had to leave his matrimonial home. Wendy invited him in writing to move in with her "as you have a share in it anyway". Bill moved in, together with his son, then aged 8. Thereafter Bill paid some of the mortgage instalments. The mortgage loan was paid off by 2006, Bill having paid instalments equal to 25% of the original purchase value. Wendy has now died, by her will leaving all her property in equal shares between her two daughters and one son, all of whom had by then left home. They are now indicating that they would like the house to be sold so that they can share the money between them. Bill and his son, now aged 15, wish, however to remain You are a trainee in the firm of solicitors consulted by Bill. Your principal has asked you to research the relevant law and report to the principal (in 1,000 words) on the legal principles and relevant case and statute law as to (ii) Your principal has also asked you to do a separate piece of research, unconnected to these facts, as she has heard that there have been a number of recent cases concerning the presumptions of advancement. She wants you to give her a summary, in 500 words, of the cases in the last 6 years that have concerned these presumptions. You are a trainee in the firm of solicitors consulted by Bill. Your principal has asked you to research the relevant law and report to the principal (in 1,000 words) on the legal principles and relevant case and statute law as to (a) what are the current legal and beneficial interests in the house (b) on the basis that Bill is not solely entitled, could Wendy's daughters and son (or any of them) force a sale of the house. The principal will then formulate the advice to give to Bill. (ii) Your principal has also asked you to do a separate piece of research, unconnected to these facts, as she has heard that there have been a number of recent cases concerning the presumptions of advancement. She wants you to give her a summary, in 500 words, of the cases in the last 6 years that have concerned these presumptions. Introduction The Parliament of Commonwealth has the power to legislate and standardise real estate practice that under the assumption that bill pass by the two houses. 2. Australian Constitutional system and power Constitution of Australia authorizes the legislative power to the commonwealth and states concurrently and divides it up by specifying a list of subjects on which the Australian Parliament may enact laws, which is known as Section 51 of the Australia Constitution Act (Ron McCallum 2006) . Any subjects who fall outside this list are exclusively available to the state parliament.This pattern of distribution follows the model of the United States Constitution and differs from the plan adopted by Canada by the British North America Act 1867 . It appears that the Federal Parliament is stronger than the State parliament, but only in the narrowly defined field of activity. So whether the real estate