1 / 6

Natural Disasters And The Decisions That Follow

Natural Disasters And The Decisions That Follow. Coi Clarke MGNT 3300 Dr. Friedrich . Nationwide Jeff Rommel 40 billion in damages 850 million pay out JetBlue David Neeleman. When Disaster Strike .

arista
Download Presentation

Natural Disasters And The Decisions That Follow

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Natural Disasters And The Decisions That Follow Coi Clarke MGNT 3300 Dr. Friedrich

  2. Nationwide • Jeff Rommel • 40 billion in damages • 850 million pay out • JetBlue • David Neeleman When Disaster Strike

  3. Insurance companies in the state of Florida earned record profits in 2006, suggesting in light of the calm hurricane seasons (in Florida) in 2005-2007 that nationwide decision to cancel policies may have cost the company potential revenue and customer goodwill. Do you think Rommel’s Quote about making a “sound business decision” reveals any perceptual or decision-making biases? Why or Why not? yes he uses the availability bias because he made a decisions based on information that was provided to him instead of looking at the future. Where he could have made back the 850 million that he lost. Question 1

  4. 2. In each of the three cases discussed here, which organizational constraints were factors in the decisions made? performance evaluation, Formal regulations, and System-imposed time constraints were all factors in the decisions that were made Question 2

  5. 3.How do you think people like Rommel, Burgin, and Neeleman factor ethics into their decisions? Do you think the welfare of policy owners and passengers enter into their decisions? I do not believe ethics were a factor in the decisions made but I however do believe that the welfare of the customers were not taken into consideration. Question 3

  6. Thank You!

More Related