MANAGING COMMUNICATION, KNOWLEDGE AND INFORMATION -Discuss the range of decisions to be taken -Examine the information and knowledge needed to ensure effective decision taking -Assess internal and external sources of information and understanding -Justify recommendations for improvement -Bibliography Range of Decisions to be taken The technique I choose for a given decision will be influenced by the importance and complexity of the decision. Decision making without planning is common but usually it doesn't do the work, there is a 20 year of research that have pointed out 50 percent of decisions made have failed and I believed that the reasons half of these decisions made have failed was mostly because of the methods they have …show more content…
I take this action as a risk as there may be possibilities that many people might not like the taste (External information). 2. If the Coca-Cola Company wants to spend fewer expenses on the products they should find the right manufacturer of the supplies they need (Internal information). Tactical Decisions 1. If the firm decides to introduce a newer version of their products they need to be financially ready to spend their time inventing the formulas (External information). 2. If the firm wants to find the right manufacturer they need to put enough time and effort in looking for the nearest and most qualified supplier (Internal information). Operational Decisions 1. If the firm is prepared to invent a new formula, the scientists should keep all the details of their progress in detail everyday even if it is a failed project the scientists may use the source to create something unexpected in the future (External information). 2. To look for the best supplier the firm has to search all the suppliers in and around the region or country and hand the result to the managers to allow them to analyze which supplier to chose. After making the choice of the supplier the production department should check on the quality every month as the safety is extremely important and if anything goes wrong it may risk the name of the firm and lose a massive amount of customers (Internal
Decision-making in the workforce is a process of responsibilities used by upper management to implement, enforce rules, regulations, and maintain a successful environment. Decision-making implemented more effectively by making a plan, thinking it through, accepting more than one opinion and determining what is best. However, decision-making often utilized more effectively by opening doors of opportunities for a suggestion, question, discussion, and feedback. Although, more involvement helps improve understanding, utilize behavior skills and present opportunities for better communication. Everyday life consists of decision-making, the right decision may not always be applied, but ensure room for improvement and opportunity. Individuals approached decision-making in many different ways. As stated by (Jones, Graham, & Bateman, 2006) decision making is a procedure used to recognize a problem, weigh the alternatives and evaluate a solution in which, certain situations will require different approaches to become effective.
A supplier can get the raw materials for manufacture of the goods as also the finished product/imports
All their suppliers range from small farming cooperatives to multinational corporations . They consider factors such as capacity, quality and cost when selecting companies to buy from. In addition, seek only to work with suppliers that can consistently meet standards and specifications and
Second, always make sure there is an alternative source. As I mentioned before, this is much easier with single source procurement (but not sole source), since other similar suppliers could be able to supply similar products with more or less that same quality as the previous suppliers.
My methodology includes (1) Identify the problem, (2) Look for ethical solutions, (3) Pick the best solution for that particular problem, (4) Execute the solution, (5) Reflect back on the solution and see if it was a good solution and, if not think about how you could have handled it in a better situation. My decision-making is intuitive and comes natural when I am put in a situation but I still have steps that I follow to help me make
Our requirements include a commitment to rigorous quality assurance. In addition, suppliers must be committed, as we are, to ensuring the highest standards of social responsibility. The ideal suppliers are those who understand our culture and expectations. We value suppliers who take the time to learn about and understand our business and who look for ways to add value. These suppliers know the importance of making and meeting commitments and delivering the highest quality goods and services (Apple - Apple and Procurement).
The three criteria that would apply to most projects include payment terms, on-time delivery performance, and reputation. It is important for a company to use the reputable supplier and the one who it has partnered in past projects. These criteria are essential in the project success because these could
2. What ten criteria might affect your selection of resource suppliers and your plans for
Coca Cola has differentiated its product and services that are valued by its customer. Its product are based on customer’s preferences, with affordable price and made easily accessible.
The Coca-Cola organization has made exemplary strides mainly to offer a variety of products to its clients even with the competitive nature of the market. Consumers’ choice gets based on the brand aspect in which the organization wins most customers' heart against its rivals. Even though a significant number of people deny cases to having inclination picking between Coca-Cola items or its rivals', many have a strong desire in some way. Many inclines toward Coca-Cola products since the organization has more than hundred years of history and predictable brand image. This picture is engraved in a lot of people subsequently end up purchasing their beverages. It is out rightly conspicuous in the company’s high market share in the field of soft drinks.
Purpose:- The purpose of coca cola is to design develop and advertise soft drinks the customers can enjoy, and also make profit from selling of soft drinks.
The Coca Cola Company is very cautious and responsive to change; they act with urgency and have the courage to discourse when needed to work more efficiently. Coke’s focus is to administer its system assets to build values and rewards for the people who take risks by finding better ways to solve problems. Coca Cola Company feels they are accountable for their actions and inactions and hence answerable to the people. They learn from their outcomes and understand what works or what doesn’t for them.
All the quality experts say that there are processes in which inspection will be needed. All the quality experts agree cost and competition does not compete with each other. Deming Juran and Crosby support the practice of involving the suppliers in the quality effort.
Coca-Cola has many intermediaries. It has signed up as the select soda supplier for few fast-food chains (e.g. McDonald's, Wendy’s and Subway), permitting the organization to get all the advertising support. Work with associates –> examines to know which Coke brands are favoured in which zone.
The technique I choose for a given decision will be influenced by the importance and complexity of the decision. Decision making without planning is common but usually it doesn't do the work, there is a 20 year of research that have pointed out 50 percent of decisions made have failed and I believed that the reasons half of these decisions made have failed was mostly because of the