GM530 Case Analysis
Everyone tries to make good decisions. However, it is easy to overlook important factors, miss desirable options, or base the decision on unreliable information. In addition, fear of making a wrong choice can cause Mark and his family to postpone decisions, which can lead to missed opportunities. A structured decision-making process ensures that important decisions sure as the one Mark and his family’s facing are made on time and are based on facts, research, and analysis.
The general nature of the problem involves Marco Incorporated profits dropping over the past several years. Marco started seeking others ways to improve their financials. Mark and his family have to make a decision that will impact their entire family, including their child, other family members, friends, and Annie’s career.
The event that triggered the situation was the drop in profits for Marco Incorporated. They were trying to find a way to improve their financial situation and ultimately decided to sell the company to a Holding Company under certain conditions. Marco had to reduce the number of employees and relocate all the senior managers to the East Coast.
There are some constraints imposed on this situation. Mark was offered his senior management position if he is willing to relocate to the East Coast. The family has roots in Illinois, which include a good family support system, a child in middle school, a baby on the way, having to sell their home in this current housing market, and his wife’s job is not being effective by this change in the company.
Underlying elements of the problem include the company not making money, other employees in the company losing their job, and Mark and his family will have to make a life changing decision. The family going from a two income household to one income household whatever decision they make.