22 Jun Read the Business Scenar
Read the Business Scenario “Decisions in Paradise: How to Be, or Not to Be” from MGT 350 Critical Thinking: Strategies in Decision Making.
For this task, you are Nik, and your employer is the organization represented by Alex, Nik, and Chris.
Using the information from the case and independent research, apply a decision-making technique to propose the appropriate solution(s) for your organization to establish a greater presence on Kava by:
1) Apply a decision-making technique to identify the solution(s)
2) Provide an analysis of the specific steps utilized in applying your selected decision-making technique
3) Using the definition and various elements of critical thinking examine the decision-making model you selected and explain how it influences and/or impacts your proposed solution(s)
Please ensure you clearly present your problem statement followed by selecting a decision-making model used to identify possible solutions.
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PROBLEM STATEMENT
The problem at hand is the various issues involved in doing business in Kava. The country has low cost labor but is also subject to terrorism. Labor laws and health issues are vast, as half of the population is under 15 and the country has a significant AIDS problem. Mother Nature is not kind to this area and the area is subject to volcanic eruptions, typhoons and flooding; which are all significant issues and create a problem for operating a business in this region.
To overcome the hurdles set forth in this part of the world, the following will discuss and outline a plan to help the business make the right decisions and allow for a contingency plan to keep the business operating even when the odds could be against the region, its citizens and the business operations of the company.
1) Apply a decision-making technique to identify the solution(s)
While the opportunities are vast doing business in Kava, the ramifications that are attached to the location are significant. The demographic is relatively young, allowing for low cost labor. The natural disasters and health issues of this region are great, as the location is subjective to volcanic eruptions as well as typhoons and AIDS. Understanding all of these factors allow us to apply decision-making techniques that will help the organization meet these roadblocks head on.
There are many decision making techniques that companies use often to …
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