Five steps of the decision making process

Assignment Help Business Management
Reference no: EM133022559

Company Z has experienced a decrease in sales in the last quarter. Additionally, their customer surveys have shown that customer satisfaction has also decreased by 30%. Customers often complain about lack of parking, high prices, and slow response times to customer concerns. Determine the practical steps Company Z can use to improve sales by using the Decision Making Process steps highlighted in this lesson.

Here are the five steps of the Decision Making Process:

-State the problem
-List the options
-Determine the pros and cons
-Choose the best option
-Evaluate the decision/choice

b. Company Z understands that their business is at risk. How can they use step two in the Decision Making Process to reach their end goal of increasing sales and customer satisfaction?

c. Now that Company Z has a list of options for improvements, how can they use steps three and four of the Decision Making Process to solve some of their problems?

d. The final step of the Decision Making Process is very important. What does this step offer for Company Z once they have made decisions and implemented them?

Reference no: EM133022559

Questions Cloud

Evaluate organization current : You have been asked to evaluate whether your organization's current, pay structure makes sense in view of what competing organizations are paying.
Example of a recent company : Example of a recent company/business' unsuccessful use of social media
Assignment on business communication : Pictures are fun and so easy to incorporate into slides. What are the guidelines for determining if a picture is "necessary" and "appropriate?"
How emotional burnout correlates with academic performance : How emotional burnout correlates with academic performance at university?
Five steps of the decision making process : Company Z has experienced a decrease in sales in the last quarter. Additionally, their customer surveys have shown that customer satisfaction has also decreased
Harmonization of the different aspects of our lives : Aristotle and Solomon would call for holism or the harmonization of the different aspects of our lives. Why is such holism important? Can you think of an exampl
Develop a well-thought summary of the features : Develop a well-thought summary of the features and benefits of each of the three cloud delivery models.
How does the new constitution affect turkey business : How does the new constitution affect turkey's business environment?
Why is it important to use bill of materials : B. Three (3) examples, proofs, or value-added elements/statements to back up your original comment statement (see item 1).

Reviews

Write a Review

Business Management Questions & Answers

  Invented the software to support the hardware

Without people, who would have invented the software to support the hardware?

  Simple poisson arrival

Assume this is a simple Poisson arrival, exponentially distributed service time situation. Find the following information to help the manager decide if a second employee should be added.

  What is the social impact of quasi stationary equilibrium

What is the social impact of quasi stationary equilibrium? What is the economic/social impact of permanent change?

  S john liable to bmc if mega corp refuses to pay the bill

John is an agent for Mega Corp. He signed a contract on behalf of Mega Corp “John Miloni, as agent for Mega Corp” to purchase $250,000 worth of equipment from Big Machine Company (BMC). Is John liable to BMC if Mega Corp refuses to pay the bill?

  What rate is thermal energy generated in the loop

If 60.9 cm of copper wire (diameter = 0.835 mm, resistivity = 1.69 × 10-8O·m) is formed into a circular loop and placed perpendicular to a uniform magnetic fiel

  Subrpime mortgage crisis

What could be done to encourage a smooth adjustment to prevent another global financial crisis?

  Importance of teamwork in a sales organization

Describe and discuss the importance of teamwork in a sales organization, especially from the perspective of team-selling.

  Solar storage panels to both donestic and global markets

Solgen Z limited is a new publicly lisited company on the ASX tjat manufactures and distributes hi-tech monocrystalline silicon/graphite encased solar storage p

  Encourages mnes to install a geographic division structure

Which of the following factors increasingly encourages MNEs to install a geographic division structure? A)diversification of products B)growth of emerging markets

  High quality post from a content perspective

you also have to have a high quality post from a content perspective. This means it also needs to do more than agree with or praise a class mate. If you agree with a classmate, explain why, give an example, share what you learned in the readings, ..

  Impact reimbursement to a hospital

What are meant by "outliers" in hospital reimbursement? How do outlier cases impact reimbursement to a hospital?

  Non-leader is part of team or organization

Sometimes a leader's style doesn't fit any of the examples we have explored. When a non-leader is a part of a team or organization,

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd