Applying Decision Making Techniques to Identify Solutions
How will the South Pacific Logistics and Transportation Company establish a greater and profitable presence on the Island of Kava? Considering all the physical, environmental and socio-economical issues previously discussed, how can a decision be made that will provide the best solution for both the corporation, its stakeholders and the community in which they operate? There are several tools and techniques available to guide decision makers during the analysis and evaluation process in order to reach the best possible decisions.
One of this tools or techniques available during the decision making process is brainstorming. This technique can be used to produce a
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The purpose of this meeting would be to revise the Government’s contingency planning and available resources in order to take the future of Kava back under control through a combined effort to reduce the impact and time it takes to recover from a disaster of little or enormous magnitude. Community education programs will be crucial to the future of the Island nation. Because of the large amount of young people on the Island, strict and specific child labor policies should be enforced according to international agreements and the local child labor laws. Both the government and corporations operating locally should provide written guidance as part of their corporate policies.
Furthermore, besides providing competitive wages and benefits to all employees, anti-discrimination policies based on religion, ethnicity, gender, sexual orientation or disability should be part of corporate Governance, along with a detailed code of conduct and ethics. These actions will help promote a corporate culture which embraces diversity and tolerance, integrity, flexibility, and respect which will create a more favorable business environment for all company stakeholders.
When confronted with complex decision making, regarding complicated issues that
United Methodist follows four Theological Task that we base our decision-making from. The following are the four Theological Task:
This gives the employees a level ground for all to work in since no one, after coming from work, can be prejudiced by the people around him or her. In addition, the society can give a chance to voice the people who are treated badly and try to be understood. If I were the CEO, I would implement policies like training. This will ensure that all the workers are familiar with discrimination laws. Another policy I would put up is like sticking to the job requirement when hiring. It ensures that the person working is equipped with the right requirements and was not chosen on the basis of any other factor except the job requirements. It also protects the company from discrimination lawsuits, (Osborne,
The Help is a movie set during the civil rights movement in the 1960s (Taylor, 2011). It captures the tension, which was boiling between the black and white residents in Jackson, MI. Skeeter Phelan is an aspiring author who decides to return home to Jackson after completing her degree. What Skeeter does not realize until she comes back home, is how conscious she has become to the discrimination in which she grew up. After coming to this realization, Skeeter decides to write a book capturing the stories from the maid’s point of view about the white families for which they work.
With any company the goal is to increase your sales and to decrease your cost at the same time. This can be somewhat of a challenge and can take time to achieve. Our goal was to increase our sales and decrease our production costs. Over the years our sales increased, as our sales increased so did our production costs. The demand was increasing so we improved and increased the amount of product that we made. Over all our net income increased. In year six it was $61,278, year seven was $68,237, year eight was $73,585, and year nine was $90,805. Our expenses fluctuated over the years, but we were consistent in increasing our profit.
It is a method that helps people think creatively by letting many ideas flow from the students without any comment from the others. This strategy can be useful in generating many different solutions or alternatives. Evaluation of the ideas is done after the brainstorming.
For this discussion, post your draft of Stage One of the unit you have chosen to design for your course project and respond to the following:
Brainstorming is a technique that has been used for many years. According to Osborn (1963), there are four rules to brainstorming that will reduce social inhibitions among team members, stimulate idea generation, and
These are a few of the words that describe my decision making style and there opposites. Cautious, I tend to be very cautious when I make decisions. I do not want to implement a decision that is not well of others. The opposite is heedless, a heedless decision maker usually does not put a lot of thought into it. I am a very logical decision maker. A logical decision maker seeks out validity or something that has already been proven true. The opposite is invalid, anything that does not have fact or truth to back it, and for me if I do not understand it, I normally shy away from it. Another on of my decision making styles is active, in a sense of getting involved and seeing how all the pieces work and come together. This supports my need to understand
Primary Decision making methods: The one method that our group used to make decisions was generating decision alternatives, which within in this category we used brainstorming. For example, when trying to make a decision on what we were going to sell for our infomercial we sat around and threw out ideas until we achieve our perfect match. Once we have the perfect match, we sat around and started brainstorming on how exactly we wanted to sell the product. We came to the decisions we made because it was the one that felt right with all of us. I think we decided to sell the product the way we did because it allowed each of us to express our creative while getting the project done. Brainstorming helped us accomplish the task at hand because it
1) A state of nature is an actual event that may occur in the future.
In any society, how we see ourselves and how others treat us depends on many factors. Race, ethnicity, and cultural background are identifiers of individuals. Most people have confronted prejudice based on these identifiers, either personally experiencing discrimination or knowing someone who has. Beyond ensuring organizational compliance with a country’s anti-discrimination laws, it is incumbent upon managers to support diversity in the workplace and to be culturally competent.
There are a number of different problem solving methods, techniques and styles, and the purpose of this paper is to review the analysis portion as it relates to the case study assigned to this week. Further, this paper will provide a critique to the solution of the case study problem which will include three distinct errors made in the problem solving phase. The errors were overcome, but not without much anxiety, lost time and heightened emotions.
|1 |Logical phase analysis and requirement specification identification and gathering for the new e-HR |1.5 month |
Decision making in business is one of the crucial elements that have a direct impact on the operations, as well as the ability to successfully compete in the marketplace. Competitive advantage is one of the most complex phenomenon. Raising business capital using both equity and debt options comes with various advantages and disadvantage. Raising capital is complex and the business needs to make the right decisions. It is difficult for businesses to make decisions on whether to decide equity or debt options to finance the business. Equity financing entails private investor money that is received in exchange for a share in the business. There are various advantages and disadvantage of equity financing that will help business to make financing decisions (Erickson & Vinturella, 2013). One of the advantage is that equity financing is less risky. Other advantages include, increases liquidity, investors have an opportunity to take long term view, does not have to be repaid, maintains low debt-to-equity ratio, as well as there is sharing of risk. On the other hand, equity financing have various disadvantages which include slow decision making, sharing of earnings, too many consultation process, leads to disagreement, and it is difficult to find the right investor.
Our section on Practical Creativity includes several tools that can help you generate ideas and solutions. Our section on Decision Making includes a number of tools that will help you to choose in a scientific and dispassionate way between the various potential solutions you generate.