GMS 200 Lecture Notes - Lecture 2: Steven Rattner

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Information and decision making chapter 13 week 2. Information decision making action outcomes/consequences. Analytics (business/management): systematic gathering and processing of data to make informed decisions. Becomes worse despite obama bailout, improves from the crisis, sales drop in 2015, starts a service in germany and then challenges tesla with 235mile battery. 1960s: avg. market share in us truck and car market was approx. Up to 2008: has money losing operation, verge of bankruptcy, received . 2b bailout from gov. Steven rattner - centrally involved in restructuring of gm 2009. Spending decisions were not justified by sound analysis. We need to know : how managers make decisions or ought to, there was only one-way communication thus no feedback, what pitfalls managers should avoid when making decisions. Should jane wish to boost corp. sales and has complete info about the possible alternative courses of action and their outcomes. Certain environment there is no risk involved and you know exactly what will happen.