* The Describe a decision-making scenario using your business experience, personal decision making or cited journal article; include an example of the decision-making process, describe the risk, and whether persuasion was used. What were the social heuristics?
One decision making scenario from my experience was when we was faced with decision of weather we should buy a second caramel corn maker or would it be more cost efficient for the organization to continue to use one machine. To make our decision we used a simplistic decision making process where we identified the problem, sought information, choose an alternative, made a decision and implemented a plan.
Identify Problems
Our initial problem was that when we received a large order of popcorn (that usually had a lead time of 24-48 hours) we would spend a large quantity of time cooking product (one machine is only capable of producing 1 five gallon batch of caramel corn every thirty minutes) which adds stress on the scheduled cook due to the fact that they would need a minimum of ten batches to forefill the average order. Another problem was that the packers would run out of product before the next batch of product was completed.
Seek Information
During this phase of the decision making process we contacted our equipment sales representative who informed us that they had a new version of our current caramel corn maker that was capable of producing the first batch in 25 minutes and when the first batch was completed and the cooker was warm it could produce a batch every 15-20 minutes. By purchasing this machinary we would be able to cut production time by 65- 70%. Improve upon employee pro Materials cost | 1.25 | | 9.25 | retail | 3.75 | * 20 5oz servings | 75.00 | | | | | Profit per batch | | | 65.00 | Profit per day | @ 10 batches | | | duction, increase