...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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...Decisions in Paradise Part 1 Latoya Glover MGT/350 July 11, 2011 Dale Hetrick Decisions in Paradise Part 1 The writer will assume the role of Nik in regard to the decision in Paradise Business scenario. The scenario case will allow the writer to develop the preliminary consideration of the organization as the said organization to establish a greater presence on Kava. The writer will be able to do this task by defining the issues that appears in the business scenario. The writer will also discuss the forces that are involved in formulation of the problem. Lastly, the writer will describe the organizational and environmental obstacles in a way that considers various key stakeholders that will be impacted by decisions. Kava is in need of a greater presence. Alex made it known that, “Our company is considering establishing a greater presence here in Kava,” Alex started. “That greater presence could take various forms, based on what’s good for our company and what’s good for the people of Kava.” (Phoenix, 2011) It was noticed that after landing on Kava the place that was imagined a paradise was now realized as a mess. Kava Island facts states that the people consist of a fifty percentage of people of under the age of 15 years old with a mixture of different ethic back grounds and languages. The economy consists of coffee, sugar, cocoa, petroleum, spices, natural gas, along with so many more. With the buildup of the economy, the island has become a disaster area, with that...
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...Decisions in Paradise, Part 1 Andrea Wright MGT/350 August 31, 2011 Antionette Holman Decisions in Paradise, Part 1 In the great area of paradise located in the South Pacific called Kava is a great place but is in an area of disasters threats. Kava’s Disasters has a great and important impact on all the business that has tried to maintain in Kava. The disasters that have affected Kava are Floods, Typhoon, Hurricanes, and Earthquakes. Kava has an Ethnic mix of indigenous South Pacific tribes, Asian, African, Spanish and a large size of Americans. The languages spoken in Kava are English, Spanish, and French and the religions are divided half Christian, Buddhist and Islamic. Therefore, the Hyatt Corporation has found it is going to be very challenging to be successfully but it can be done by way of using organizations such as Governmental services including military and businesses of Kava. Nik and Alex first decided that they would join together and evaluate that Hyatt Corporation is going the start with human resources that will hire some people to man the front desk so that Nik and Alex can focus on getting the hotel out of trouble and on the map for guest to enjoy and begin to be productive. The human resource department should make sure they hire people with great people skills and great customer service. Meaning people who smile and greet the guest all the time and always smiling. This is going to take great organizing and brainstorming using logical and persuasion...
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...Decisions in Paradise, Part 1 Tiran J. Walker Sr. MGT/350 May 28, 2011 Robert Sell Decisions in Paradise, Part 1 There has long been a cry in the Kava area that it is hard to grow because people don’t like to invest in the area. Though costs are relatively low for such an accessible and desirable part of Kava, they often site the lack of qualified human resources as a deterrent. Nobody claims, however, that talented people don’t come from the Kava area; they only argue that talented people don’t stay in the Kava area. They move to bigger, better cities, with more opportunities and more entertainment options, and leave the rest behind to make the best of what Kava has to offer. What happens when the downtown scene witnesses a resurrection in its nightlife due to the entrepreneurial spirit of restaurant owners and club managers? What happens when the city invests in a state-of-the-art center for the arts? What happens when a high-school basketball legend returns from a stint overseas to launch a new professional basketball franchise? The cries turn to cheers and a community is invigorated. What happens next is entirely in our hands. The Kava Bearcats became the newest franchise in the American Basketball Association in May 2011. The first professional basketball league to feature a 3-point line, dancers during timeouts, and the slam-dunk contest, the ABA has a rich tradition dating back to legends such as “Dr. J” Julius Erving, Rick Barry, and “Iceman” George Gervin. The...
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...Decisions in Paradise Part 1 Rhonda Mgt/350 April 6, 2011 Decisions in Paradise Part 1 Hi, my name is Nik and I have recently finished my degree in business management. To my surprise I was able to land a very nice job within only a few weeks of obtaining that degree. The firm that I have established employment with is All American Maintenance (AAM). There are several different divisions and departments within AAM. These consist of residential, commercial and industrial. Each division does have certain similarities. Each deal with the construction of new buildings, electrical installations and the wall finishes division. The organization is owned by Chris Morales, and all final decisions are concluded by him. AAM is not a large scale operation however they are very interested in venturing into other areas of the country to expand their market. Upon taking my position with AAM, I was instructed that I would be traveling to the island country of Kava, located in the South Pacific. No one could explain exactly what it was that I was to do there, but that I would be working with Alex, our director of strategic planning. I was told that this would be a great opportunity to be supervised and mentored by Alex. This new adventure had me very excited and I could hardly wait to arrive in paradise for my new assignment. Arrival in Kava Upon landing in Kava I was very concerned. Nothing was as I had perceived it to be. As I soon found, Kava is home to many natural disaster threats...
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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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...Decisions in Paradise, Part 1 John Jones MGT/350 July 28, 2011 Professor Jacobs Decisions in Paradise, Part 1 There are many obstacles that you encounter when trying to expand your growing business into an island in the South Pacific. The island of Kava has many issues because of many disasters that have taken place over the past few years. Over half of the population is under the age of 15. This age issue exists because of the diseases that are present in Kava. There has been widespread illness due to HIV and the high risk of the avian flu. There are some religious differences due to having a fairly diverse set of beliefs on the island. There is a strong ethnic mix that includes indigenous South Pacific tribes, French, African, Spanish, Asian (mostly Chinese), and since the 1940’s, a large amount of Americans. There is a language barrier that consists of the indigenous dialect, English, Spanish, and French. The economy is comprised of trade of coffee, spices, cocoa, bananas, sugar, natural gas, and petroleum. There is also tourism and fishing in Kava. The labor on Kava is high in quality, but also it is inexpensive. Many natural disasters have impacted the country, such as tsunamis, hurricanes, tornadoes, floods, fires, volcanic eruptions, and earthquakes. There has been pollution in the waters because of petroleum spills. To make matters worse, there has been terrorism from within and outside of the country. There are several problems that need to be solved...
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...Decisions in Paradise, Part 1 Shauny MGT/350 April 01, 2012 Instructor Decisions in Paradise, Part 1 Nik recently received his college degree and successfully landed a job with Hewlett-Packard (HP), a multinational information technology Corporation. The organization markets to governments, consumers, businesses, and schools worldwide. Hewlett-Packard strategy is to bring the depth, breadth, advantages, competitiveness, and innovation of the company portfolio to consumers in every country (Hewlett-Packard Development Company (2012). Approximately two-thirds of HP’s revenue is retrieved from outside of the United States (Hewlett-Packard Development Company (2012). Nik has been assigned to assess the potential benefits of conducting business in Kava, a small island country that resides in the South Pacific. After Nik landed on the island of Kava, he realized that his perception of the island was not what he had perceived it to be. However, Nik was sent to Kava to complete a mission; not to enjoy a vacation. The geographic location of Kava presented an issue that could pose as a reoccurring threat. Based on the location of the island, there is no way Kava can avoid the threats of floods, tsunamis, typhoons, and cyclones. Although Kava is an island, fires have occurred in the community. Kava’s community also suffers from avian flu and HIV/AIDS. The threats on the island may pose danger to the locals as well as the entire island. Damages caused by tsunami’s and typhoon’s...
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...Business Scenario Vikki Matamoros MGT/350 Critical Thinking February 14, 2011 Ken Rath Business Scenario Expanding operations into a foreign country requires careful planning and key decision making. Southwestern Cardiovascular Associates wants to extend the medical services it provides to the country of Kava. Facing natural disasters and other health concerns the doctors see an opportunity to open a clinic to aid Kava. This company will have to address several issues and obstacles before opening the doors of the new clinic. These include community involvement, backing from government agencies, and religious group help. Outlining and organizing key decisions in order of importance will help address the most important ones first. Recognizing the stakeholders and enlisting their support will help the organization succeed. Preliminary Considerations Southwestern Cardiovascular Associates operates in the United States with the primary focus in surgery tending to patients with heart and lung trouble. Providing services to countries in need is a part of the mission of this organization and after recent travels to Kava the doctors discover that there is a need for a health clinic. Chris Morales, the founder, believes in doing the right thing and helping people in need. Kava is a country in the South Pacific which is the center of many natural disasters, prevalent HIV and AIDS, and high risk for Avian Flu (Axia College, 2011, Week Three Assessment). Providing medical care...
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...Decisions in Paradise Decisions in Paradise “Kava is a significant island in the south pacific. More than 50% of the population is under the age of 15. Kava consists of an ethnic mix of indigenous South Pacific tribes which, consist of Asian, French, and Spanish but has had a significant increase of Americans after World War II” (Business Scenario) The economy in Kava consists of “petroleum, coffee, cocoa, spices, bananas, sugar, tourism, fishing, and natural gas” (Business Scenario). The quality of labor is inexpensive. In an effort to be considerate of the stakeholders involved, Nicholas Financial, Incorporated needs to consider the details of the problems, the issues that need to be addressed, and try to come up with solutions to every problem on Kava. Kava has had their share of natural disasters as well as epidemics. These “natural disasters include tidal waves, tsunamis, typhoons, hurricanes, tornadoes, floods, volcanic eruptions, and earthquakes” (Business Scenario). The petroleum spill is affecting the eco-system, marine wildlife and the integrity of beach property of the island. The other natural disasters have complicated these issues even further. Unfortunately, disease has become widespread because of the multitude of these disasters that have hammered this island recently. The devastation of the HIV/AIDS virus and the avian flu has presented other concerns to Kava and need to be addressed. Nik and Chris have asked...
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...Decisions in Paradise, Part 1 Brandy N. Salyer MGT/350 February 13, 2012 Mark Hudson Decisions in Paradise, Part 1 Kava is an island country in South Pacific that has been plagued with unfortunate circumstances that have brought about one disaster after another. This country is in dire need of some help and aid in the situation of getting the country cleaned up and on its way to recovery. My job is to create a plan that would help Kava recover from the disaster and bring some economic stability to the country with the help of the Walmart Corporation. Some issues that will need to be taken into consideration is that over 50% of the people are under 15 years old and many of the natural disasters threats that the area faces. The company will need make sure that the mix of language and ethnicity is also taken into consideration. Walmart is about saving people money so that they can live better and that is what Walmart is going to bring to Kava. Walmart as a company is dedicated to helping the community and would help Kava try to recover from all the disasters they have gone through. Today, Walmart International is a fast-growing part of Walmart's overall operations, with 5,366 stores and approximately 740,000 associates in 27 countries outside the continental U.S. (Walmart Corporate, 2012). Walmart is looking to make Kava another part of its international business but there are many obstacles that the company needs to do before opening its doors in Kava. At Walmart, we...
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...Decisions in Paradise, Part 1 Chelsea Robinson MGT 350 - Critical Thinking June 20, 2011 Bruce Betts Decisions in Paradise, Part 1 Kava, a small island country in the South Pacific¸ has been plagued with disastrous circumstances that have brought about one disaster after another. Kava is a country that is in dire need of some help and aid in the situation of getting the country cleaned up and on its way to recovery. The job of the director of strategic planning is to see what the Macy’s, Inc. can do to help this country recover and continue on a path of growth and success. Macy’s, Inc. currently has a small presence over in the country of Kava. The goal of Macy’s, Inc. is to “be a retailer with the ability to see opportunity on the horizon and have a clear path for capitalizing on it” (Company Statements & Slogans, 2008). Macy’s, Inc. sees an opportunity in Kava and needs to make a clear path so that we can capitalize on it. Since Macy’s, Inc has a long standing tradition of believing that giving back is the right thing to do (Macy's Inc, 2011) , we would like to help Kava try to recover from all the disasters they have gone through, and help to overcome the challenges that they are now facing. Macy’s will do this by addressing the issues found in the business scenario, forces involved in the formulation of the problem, and organizational and environmental obstacles impacting key stakeholders. After looking at the business scenario and seeing what the director of...
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...Decisions in Paradise Part Three MGT 350 Decisions in Paradise CTC Kava was successful recruit employees for every department to make the facility operational. Several exiting events have happened the last few weeks. Kava government has granted CTC the permit request for the distributing plant as well as the manufacturing plant. It is unbelievable the support the government is showing is unbelievable government employees volunteered during CTC recruiting process. This was a big help because of the variations in languages spoken in Kava. We did have one terrorist threat to the facility the day of the recruiting however our United States troops were able to secure our location and the people involved have been caught and arrested. Finally, after all our brainstorming and critical thinking and many charts, we finished with the hiring process, paperwork, and orientations along with physicals examinations. This coming week we will commence training, education, and some surprise announcements. Coast to Coast has opened its doors to its employees to begin training. Training will consist of five steps. Employees will learn about CTC history, the mission statement, the guiding principles, videos on workplace ethics, finally their job functions, and cross training for other positions. We will also be announcing the building adjacent to CTC is a part of CTC for house 150 families employed by CTC. Families will be able to live...
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...Running Head: DECISIONS IN PARADISE 2 Decisions in paradise part 2 MGT/350 the university of phoenix Darnell Williams January 30, 2010 Professor Hann So Introduction Decision making is an important process and included various aspects, which in turn assist the organization to effectively analyze various alternatives and implement them in an effective manner (Decision Making, n.d.). The process of decision making is influenced by different factors such as personal behaviour, technological, political, economical and social factors. This process consist different steps such as defining objectives, generation of alternatives, evaluation of alternatives and selection of best alternative, which further helps the organization to successfully compete in the global environment. Decision Making Technique for Establishing Presence in Kava As we know that the company wants to establish its presence in Kava and for this, it needs to adopt a decision making technique so that an appropriate solution for establishing presence in Kava can be determined. For this, the company need to adopt a rational model of managerial decision making as this technique has its roots in the economic theory of the firm. With this decision making technique, the organization will become able in conferring a rational decision regarding its establishment in Kava. ...
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