...Running Head: DECISIONS IN PARADISE 2 Decisions in paradise part 2 Abstract Rational decision making is an important process that needs to be evaluated in order to expand business operations in Kava. This type of decision-making making process will assist the organization in effectively analyzing the various business alternatives and effective implementation techniques. The decision-making process is influenced by several factors such as economic factors, political factors and social factors. The process of rational decision-making consists of different steps such as defining the objectives, implementation and formulating alternatives. Decision Making Technique for Establishing Presence in Kava In order for the organization to establish an increased and profitable business on Kava, the organization will need to establish a rational model of managerial decision-making. With this decision-making technique, the organization will be able to formulate rational decisions, gather and analyze all the relevant information, facts and data needed to make the final decision whether or not to establish a business in Kava. This technique will also make the management aware of different possible implementation plans, alternative plans of action, solutions and measurable results. The organization is an established and solid company. They have the capability to finance the expansion. The reputation of the corporate image makes it a desirable employer and will be able to...
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...Decisions in Paradise, Part 2 The island of Kava has a long road ahead of it. There is much to be considered in how to establish a stronger presence as well as to help the island and its residents become more stable. SPSD moves forward in establishing the process to making decisions about how to utilize the information we have already into an effective decision-making process and initiate our journey to making Kava more productive. SPSD has chosen to implement the cause and effect diagram to begin. Using the CE diagram, or the fishbone diagram, is used to generate the first in problem-solving by creating a comprehensive list of all the possible causes. This process can help to identify major causes and show where more exploration is necessary. Framing each problem and finding the appropriate solution may be a daunting task for SPSD. Identifying the problems and defining the details is the key to establishing goals and objectives that will bring to light the apparent effects of the solution. SPSD’s mission is to aid Kava in using and distributing the use of technology to gain a significant value to the shareholders as Kava’s resources are critical in the world’s sustainability. The stakeholders are at risk of losing billions of dollars in the initial establishment of Kava and its stability. The long-term value outweighs the short-term risks as SPSD will recoup the money that was put forth by transforming Kava into a technologically productive, industrious...
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...Decision in Paradise 2 In this paper we will look at a rational and effective thinking technique in which a person can evaluate all sides of critical decision making and most often plan for all possible scenarios in a particular situation. The situation that we are discussing in this scenario is the establishment of a Walgreens on the small island of Kava. The technique we will be using to analyze the situation is the “Six Thinking Hats” or the “de Bono Hats System”. As stated by Wikipedia (2009), S.T.H “is a thinking tool for group discussion and individual thinking. Combined with the idea of parallel thinking which is associated with it, it provides a means for groups to think together more effectively, and a means to plan thinking processes in a detailed and cohesive way.” In the article Six Thinking Hats: Looking at a Decision from All Points of View the author explained “Six thinking hats is a powerful technique that helps to look at important decisions from a number of different perspectives” (2008). He goes on to say “It helps to make better decision by pushing one to move outside their habitual ways of thinking. It helps to understand the full complexity of the decision, and spot issues and opportunities to which one might otherwise be blind” (U.K.A., 2008). When using this particular problem solving technique it makes it possible for one to solve problems and analyze scenarios from multiple approaches. We will now look at the Decisions in Paradise...
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...Decisions in Paradise part 2 The island of Kava has many obstacles yet to overcome. Ocean Queen needs to work with the Kava government to insure proper procedures have occurred in the recovery effort as well as provide first aid, food and shelter to all citizens in need. Ocean Queen is committed to rebuilding Kava for all survivors. Ocean Queen will become a major shareholder in the rebuilding efforts and work with government officials on a rebuilding plan. This plan will identify specific problem areas and provide an outlet for improvement and proactive warning mechanisms against future natural disasters. This effort is a major task and requires extensive problem identification to effectively rebuild Kava to comply with safety standards that affect the quality of life for all islanders. Humanitarian aid, housing development, disaster prevention, hotel rebuilding, and human resources are required to rebuild and reconstruct. Kava faces many new challenges and decisions. Ocean Queen would like to share a greater presence in Kava through a collaborative consensus with government officials and the citizens of the beautiful island. Evaluating the benefits against the expenses to choose the most profitable choice involves monetary calculations of initial and ongoing expenses against expected return. However, creating reasonable actions of the costs and benefits of specific measures can be very difficult in this case. Costs and benefits can be estimate by drawing suggestions from...
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...Decisions in Paradise, Part 2 Hi, my name is Nik and the following is my problem. I have been assigned to a beautiful island in order to help my team, Alex and Chris, set up their work site. Kava, the island itself, is battered with more challenges that I have ever lived with that include tidal waves/tsunami; typhoons/hurricanes; tornadoes; floods; fires; volcanic eruptions; earthquakes. Add this mixture HIV/AIDS; petroleum spill; high risk for avian flu; and terrorism and that is why I am queasy about the chances of success and, more so, perplexed about where to start. Aside from the above external problems that impact the project, internal challenges include disorganization of the work location and site; careless HR procedures, chaotic organizational structure; and non-friendly workforce that has been reflected in the organization’s history of high turnover. My task, according to Alex and Chris, consists in helping them establish a greater presence in Kava. Ways of establishing that presence would be up to my desire and may take various forms, based on what is good for the company and what is good for the people of Kava. I am expected to work together with the two and to analyze, synthesize, and prescribe regarding that decision. In short, my tasks consist of stabilizing the situation, correcting past damage, and structuring the planning, managerial, leadership, and controlling aspects of the business, so that the organization gets off to a promising start. The outcome...
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...The problem identification and formulation styles of each classmate’s employer varied, depending on the size and structure of the company. Karin works for an independently owned escrow company in California in which the partnered owners answer to the Department of Corrections and California Labor Laws only. This makes the problem identification process difficult because the owners do not follow any guidelines or protocol when resolving issues or identifying problems. Kristi can relate to Karin’s employer as she works for a nonprofit organization in which identifying the problem and action taken is difficult and slow. The nonprofit organization has upper-management, which is who employees report any problems to, but because of limited resources, action is slow, nonexistent, or taken over by the IT department. Some problem solving techniques involve getting together in groups and discussing what the problem is and how it can be resolved. Oscar’s employer Raytheon Missile System solves problems by using this method. The only issue is that sometimes it leads to managers not going by the books and doing what they want to do. Denise and Jamie work for million dollar corporations and for larger problems to be resolved it may take months until problems are fixed. Small problems are handled at the site level and are most likely fixed quickly. Both employers use a chain-of-command with management, and depending on the severity of the problem is how far it will go up that chain. Collaboration...
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...This paper will explain the factors, evaluation of resources, actions and ethical implications from stockholders perspectives that will affect the implementation of our decision in an organization and the suggested solutions. From the previous weeks’ discussion and evaluation we deliberate that due to good quality of work and cheap resources, we should continue our operations in Kava because it would be beneficial for the expansion of our company. Our company could be successful in Kava, if we follow the significant strategy of disaster management. Now we need to make a final decision by implementing our strategy. It is very vital for the success of any company to identify and manage the factors that can make an effect on the decision (Hitt, Ireland&Hoskisson, 2008). It is very important for every organization to implement effective strategy, which needs to be according to organization’s needs and requirements. Effective strategies can attract customers, increase their attention and motivate them the take action which can be beneficial for the organization (Thompson & Martin, 2005). Following are the factors that can help our company’s presence in Kava: 1. For implying decision, the company board of directors and shareholders’ approval is important. 2. Senior management involvement and concern is vital for the success of the company. 3. Kava government support and approval is necessary. 4. Skills employees that know the rules and regulations of the island. 5. Tools and...
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...Paradise Foods Case Study Analysis Bhagath Gottipaty, MBA Situation Paradise Foods dropped the plans to authorize national rollout of a new product, Sweet Dream, to complement its established frozen specialty dessert, LaTreat. Challenges To find the challenges, I had analyzed the SWOT factors in order to better ascertain whether Paradise did the right thing in order to pursue their goals and the recommendations are based on these factors. Internal External Strengths 1. Using the market data. 2. Positive results from the test markets for Sweet Dreams brand. Weakness 1. Focusing more on LaTreat 2. Senior Management go by gut feeling rather than market research data 3. Not using data to the fullest by the Product Manager 4. Less testing markets used for Sweet Dreams Opportunities 1.Growing markets 2.Use of market research data 3. Launching a fighter brand SO Implications & Scenarios 1). Strengths – Paradise is already using market research data for studying their products performance Opportunity – Paradise has vast information and data available from the market, which can turn the tables towards Paradise products. Its high time that Paradise utilizes this research data optimally and subsequently gain revenue and market share as well as make decisions for the launch of new product Sweet Dreams as fighter brand. The market is growing and it is the right time for the Paradise Foods to focus on launching the new brands. WO...
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...Week Three: Decision Making Details Objectives 3.1 Describe tools and/or techniques used in decision making. 3.2 Examine decision-making models and influences. 3.3 Apply a decision-making technique to a situation. Readings Read Ch. 14 of Critical Thinking: Tools for Taking Charge of Your Learning and Your Life. Read Ch. 1–3 of Smart Things to Know About Decision Making. Read Ch. 4, 12–26 of Decide & Conquer: Make Winning Decisions and Take Control of Your Life. Read this week’s Electronic Reserve Readings. Participate in class discussion. Respond to weekly discussion questions. W3 8 2% Participation Discussion Questions Nongraded Activities and Preparation Decisions in Paradise Business Scenario For Weeks Three through Five, you will work individually using the Decisions in Paradise Business Scenario located on your student website as the basis for these three assignments. In this scenario, you will play the role of Nik, and your current employer is the organization represented by Alex, Nik, and Chris. You will also use the mission of your current organization to assist you in decision making in discussing this business scenario. There are three phases to this assignment which will be cumulative, meaning that each part will build upon the next. You will use this paper and feedback from your instructor as input to improve your Week Four and Week Five assignments. The three deliverables for this project are: Week Three: Decisions in Paradise Paper, Part I Week Four:...
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...Decisions in Paradise Part 2 University of Phoenix Critical Thinking: Strategies in Decision Making MGT/350 August 07, 2011 Decisions in Paradise Part 2 This paper reports on a company named “Drinks in Paradise” and the focus of the research that revolves around how critical thinking is used or how it affects a business decision. Drinks in Paradise wishes to expand their company to a location in Paradise. Nik is a new employee, the company has sent him to complete a business evaluation, and then to report his findings back to upper management. Nik will need to do a cost analysis of the situation and use the six systematic steps of the decision making process together with a cost benefit analysis in order to start the operation. To make an analysis every department has special techniques or tools they use. These tools check the feasibility and workability of a plan, and any unforeseen events. To make solid, sound, logical, and error free decisions is an important step from the beginning. “Critical thinking is thinking that proceeds on the basis of careful evaluation of premises and evidence and comes to conclusions as objectively as possible through the consideration of all pertinent factors and the use of valid procedures from logic” (Callahan, 1998 Par 1). Cost benefits analysis is a tool that can be used and will assist Nik and his team in conducting a financial analysis. This technique will help decide if a plan is a good one or not. Financial analysis...
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...[pic] School of Business Syllabus MGT/350 Version 5 Critical Thinking: Strategies in Decision Making Lou Ferracane Course Start Date: 10/26/2010 Course End Date: 11/23/2010 Campus/Learning Center: Oklahoma City Campus Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due, please remember this syllabus is considered the ruling document. Copyright Copyright © 2009, 2006, 2004, 2003, 2001, 2000 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Facilitator Information Lou Ferracane ferracal@email.phoenix...
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...Decisions in Paradise Part - II Decisions in Paradise Business Scenario, Part II. Introduction: As it was discussed in the previous paper, “Decisions in paradise: Part I”, our company was looking at establishing a greater presence in Kava which is small island country in the South Pacific. Kava has been plagued with unfortunate circumstances that have brought about one disaster after another. , The problems facing the Arcadia Child and Youth Corporation were discussed. The problems were as follow: Organizational and Environmental Obstacles Construction, Resources and Actions Required, Ethical Implications, Factors Affecting Implementation has been evaluated. Everything is in order and we have other matters to consider now. We will start with the decision making technique from the University of Phoenix Model the 9 –step technique to complete this expansion in Kava. 1) Justify the use of decision-making models. 2) Analyze the elements of decision-making models. 3) Perform a situation analysis. 4) Differentiate between symptoms and problems. 5) Develop alternative solutions. 6) Evaluate alternative solutions. 7) Describe how personal, cultural, and organizational values impact ethical decision-making. 8) Select the best possible solution. Proposal Feedback from The Arcadia Child and Youth Corporation executive’s Team This paper, Decisions in Paradise Part II will provides information regarding the proposal to build a Child and Youth center on the South Pacific island...
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...Decision In Paradise Emmanuel Brew Riverson MGT 350 Critical Thinking: Strategies In Decision Making Kevin McPhee May 5,2012 Decisions in Paradise – Part II Most business decisions are taken by senior executives based on assessments that will determine in advance what will happen if the business takes the expected direction. Financial tools (i.e. cost benefit analysis) are truly helpful during the decision-making process; however, they should never be confused with the decision as the outcome of the decision-making process (Langdon, 2001). In “Decision in Paradise – Part 2”, Joey will utilize a decision-making technique that is suitable for this scenario as well provide a step-by-step analysis while utilizing the technique. Finally, he will discuss the decision-making model he selected and how the model selected influences his proposed solutions. Cost Benefit Analysis The decision-making technique that Joey selected for his business study at Kabo is the cost benefit analysis. The cost benefit analysis is completed in order to determine how well or poor a plan will turn out. Cost benefit analysis is also known as “running the numbers” as it relies on adding positive factors and subtracting the negative ones in order to determine a net result. The difference that is found between benefits and costs will advise if the plan is feasible. The cost benefit analysis must include all the costs, all the benefits and properly quantify them in order to get accurate analysis. Although...
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...demographics of Kava-5 % ofthe population being under 15 years of age-will require us to tailor ourproduct and service offerings to that age group, but we will also have tomake our presence agreeable to the mix of ethnicities, religions, andlanguages on Kava (" Decisions in Paradise: How To Be, or Not To Be," n.d.,p. A cause and effect diagramcan be used to sort out the main factors in the problem and identify itscauses (Langdon, 2 1, p. 47). 3).Issues As the business scenario indicates, there are a number of issues to beconsidered before we make our decision. 27) suggests, critical thinking can be applied tothe decision-making process by identifying current concerns and theirimpact on performance. To determine what that presence would be and how we would bringit about, we will analyze the information we have, synthesize it, and makerecommendations about what the decision should be (" Decisions in Paradise:How To Be, or Not To Be," n.d., p. This means that building up situationawareness is the most difficult but also one of the most important thingsto do first (Schragen, Eikelboom, van Dongen, & te Brake, 2 5, p. Mankato, MN: Capstone.Schraagen, J.M., Eikelboom, A., van Dongen, K., te Brake, G. ReferencesDecisions in Paradise: How To Be, or Not To Be. Environmental obstacles-other than distance-includethe multiple climate-related crises that the area is known for. 181). (n.d.).Langdon, K. In orderto formulate the problem most effectively,...
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...Decisions in Paradise, Part 2 Nina Bourda MGT/350 June 16, 2011 Mr. McKinley Decisions in Paradise, Part 2 In the decisions in paradise part I discussion, I clearly didn’t not describe the problem. The problem I foreseen was helping rebuild Kava to the once beautiful island it was. Wal-Mart’s goal was to help the people of Kava live better lives and save money. Wal-Mart also would help donate money and food to help rebuild the economy for the People of Kava. Wal-Mart’s presence in Kava would go through a series of decisions in order to make our presence successful. Decision-making is when we take our goals, find ways to implement them, and also make our goals achievable. There were many decision making process that we could have used in making our presence in Kava, however using the decision making that is most effective for a large corporation as Wal-mart would be rational style of decision making. Rational decision-making model “This is the most popular type of model and is based around a cognitive judgment of the pros and cons of various options. It is organized around selecting the most logical and sensible alternative that will have the desired effect. Detailed analysis of alternatives and a comparative assessment of the advantages of each is the order of the day” (decision-making confidence, n.d.). Using this decision making model was the most effective for a new company such as Wal-Mart. The Managerial departments would make the future decision...
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