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Managerial Decision Making

   

Added on  2023-04-21

15 Pages3525 Words198 Views
Professional Development
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Running head: MANAGERIAL DECISION MAKING
MANAGERIAL DECISION MAKING
Name of Student
Name of University
Author’s Note
Managerial Decision Making_1

1MANAGERIAL DECISION MAKING
Executive summary
Organization faces various problems in numerous fields especially in their operational level. The
problems that are faced by the organizations in their operation level include managing overheads,
monitoring performances of employees, listening to the feedbacks received from employees as
well as customers and many more. For combating the sophisticated cyber attacks that had taken
place in Yahoo and meet their needs, they would need a multilayered approach to the prevention
of threat. The solution would help in detecting as well as preventing the vulnerabilities and
advanced threats with the help of various mechanisms.
Managerial Decision Making_2

2MANAGERIAL DECISION MAKING
Table of Contents
Introduction..........................................................................................................................3
Discussion............................................................................................................................3
Problem background........................................................................................................3
Problem definition...........................................................................................................4
Solution generation..........................................................................................................5
Solution evaluation..........................................................................................................6
Implementation and action plan.......................................................................................7
Conclusion...........................................................................................................................8
References............................................................................................................................9
Managerial Decision Making_3

3MANAGERIAL DECISION MAKING
Introduction
Every organization faces numerous problems in various fields especially in their
operational level. The problems that are faced by the organizations in their operation level
include managing overheads, monitoring performances of employees, listening to the feedbacks
received from employees as well as customers, responding to the competition going on in the
market, compliance and regulation, uncertainty of various activities, cyber risks faced by the
organization, finding out the appropriate group of staffs, retaining customers, cash flow and
many more.
This assignment discusses regarding a particular risk faced by the operational team of the
organizations, the attack chosen for this assignment includes cyber risks faced by the
organization. Rather than just an IT issue, cyber security has been increasingly a major risk for
most of the businesses (Bazerman & Moore, 2013). In case an organization’s cyber security is
not well managed, businesses expose themselves to a great extent and the number of threats also
increase which might result in hacks, data theft and many other attacks.
Discussion
Problem background
Cyber security threat is one of the major threats faced by the organizations nowadays.
Organizations might face numerous ways of cyber security threats. Data breaches might prove to
be very dangerous for any organization (Wood, Cogin & Beckmann, 2009). Cyber security
breach might be caused by various ways; these include hacking or computer intrusion, insider
threat, data that is on the move, theft caused physically, errors caused by employees through
negligence, data lost or improper disposal of data, internet exposure, accidental web and
unauthorized access. These ways of data breaches can cause by several sources, they might be
external or internal sources. A specific organization that has been chosen for this assignment is
Yahoo (Butler, O'Broin & Lee, 2016). Yahoo had faced a serious cyber security threat in the year
of 2013-2014. This threat had affected accounts of around 3 billion users.
Managerial Decision Making_4

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