...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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...Decision in Paradise Part II As previously discussed in the proposal “Decision in Paradise Part I” Wal-Mart is looking to expand an organizational presence onto the island of Kava. There were some issues that came up in the initial proposal I submitted which included technology, environment, construction of the building, labor issue, and ethical issues. I want to focus on the largest of the issues that will affect the implementation of this project in the early stages. Building in a foreign country can be taxing and building on an island will make some materials hard to find locally. To identify the problem we first needed to see what would be available to our contractors for use from the local area. The project team mentioned in the first paper will be in charge of discovering what is available and what will need to be imported to Kava. We are considered a “big box” store that has multiple meanings but the term does not mean our construction is simple. Not only do we need to contend with the importing of major supplies we need to make sure the construction of our building will withstand many natural disasters that occur here on Kava. We have identified the problem of not being able to get all the materials need for the build on the island so we will need to come up with a solution to that problem. To find the solutions the project management team will be using the decision-making technique known as brainstorming. Brainstorming is the, “Process for generating creative ideas...
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...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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...Decisions in Paradise Part 2 University of Phoenix MGT350 Sofi Choi June 26, 2010 Decisions in Paradise Part 2 The South Pacific island of Kava is a struggling country with tremendous potential and many obstacles to overcome if it is to survive. The Kava economy consists of petroleum, coffee, cocoa, spices, bananas, sugar, tourism, fishing, natural gas, and inexpensive quality labor. The economy suffers from multiple disasters, some are natural, and others are manmade. Preventing the natural disasters is not practical but contention plans for Tidal waves, typhoons, earthquakes, volcanic eruptions, fires and floods are part of any working plan in Kava. Education can help prevent or reduce the manmade disaster including HIV/AIDS, oil spills, reducing the risk of avian flu, and terrorism inside and outside the island. Cox Communications is committed to helping the population of Kava and new employee Nik is joining Alex on the island to evaluate the options for relief and growing the economy. Nik’s two part plan will bring in bottled water branded with the Cox logo and later build a computer and resource center for the island of Kava. The SWOT technique uses "A comparison of strengths, weaknesses, opportunities, and threats that helps executives formulate strategy" (Bateman & Snell, 2007, p. 134). Nik uses the SWOT technique to evaluate the options and decide which options benefit Cox and the residents of Kava. Alex and Nik communicate the choices to the corporate offices...
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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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...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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...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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...Running head: DECISIONS IN PARADISE 1 Decisions in Paradise 1 Carolyn Joseph University of Phoenix Critical Thinking: Strategies in Decision Making MGT/350 Orlando Santana July 29, 2010 Decisions in Paradise 1 The New Beginning Nik Joseph a soon to be college graduate interviewed and landed a job of a lifetime. His decision was made under uncertainty because consequences occur in the in the failure and thus depend not only on the decisions makers choice (2008). He would be an assistant to the director of strategic planning of a large investment company, Grand Bahamas Industries. This company is located in the Bahamas, China, Canada, Mexico, and St. Thomas, and all over the United States. The Bahamas Industries an environmental friendly company focuses on helping disaster stricken countries clean up, and help to create jobs for natives. Nik position will take him to the South Pacific a small island name Kava. His major concern was whether he will obtain home sick and miss his family and friends. Nik’s brief introduction of the island during training excited him even more. He would be moving to Kava known as the land of paradise with beautiful beaches, white sand, large palm trees, tropical breeze, and fun in the sun. Current Issues Landing on the small pacific island, he was amaze to find the condition of the island totally different from his expectations Kava was a paradise lost. This island had experienced many natural disasters, earthquakes, tornadoes, tsunamis...
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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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