Wednesday, May 6, 2020

Applying Decision Making Techniques to Identify Solutions...

Applying Decision Making Techniques to Identify Solutions How will the South Pacific Logistics and Transportation Company establish a greater and profitable presence on the Island of Kava? Considering all the physical, environmental and socio-economical issues previously discussed, how can a decision be made that will provide the best solution for both the corporation, its stakeholders and the community in which they operate? There are several tools and techniques available to guide decision makers during the analysis and evaluation process in order to reach the best possible decisions. One of this tools or techniques available during the decision making process is brainstorming. This technique can be used to produce a†¦show more content†¦Team decisions may take a bit longer, but will ensure the best decision is made. Finally after in dept evaluation and clear analysis of all relevant information priorities can be identified and various courses of action suggested as solutions to be implemented. Because of current crisis the local government may solicit help from international relief agencies along with the backing of private business operating in their community to help solve the current financial crisis created by catastrophes and the socio-cultural situation. The company founder stands behind these efforts and believes the organization must draw upon the strength of solid corporate responsibility policies for the guidance to help rebuild the infrastructure and financial strength of the local business and the general community. Sponsoring and providing volunteer employee help to community outreach programs such as Habitat for Humanity, the World’s Health Organization, and Doctors without Borders or UN food organizations could create an example to other multinational corporations operating within the community to join in on the rebuilding effort. These actions could create a much needed force of hope, and guidance, while enhancing the corporation’s posit ive image andShow MoreRelatedPlan-Do-Check-Act Cycle of Decision-Making1177 Words   |  5 PagesPlan-Do-Check-Act Cycle of Decision-Making There are a number of tools and techniques used to make sound business decisions that will help to resolve a particular problem or area that needs improvement. There is not one correct tool or technique to be used for each problem faced and not all are appropriate for all problems. He or she should examine the available tools and techniques and apply one or more than one that will help to resolve the problem faced. 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