Reference no: EM133654620
Discussion Post: Budget Challenges
Part I
What kind of formal decision making model does your organization have in place that allows risk-related information to be obtained or generated by the individuals in your organization in order to make a decision?
1. Describe the system in detail, the steps within the system, and the tools and stakeholders involved.
2. Evaluate the current system. What are the pros and cons of the system? Are there any blind spots in the system?
Part II
Search the Internet for business news articles that are no older than one month old. Find an article, video, or audio clip that classically embodies the reading for this week on "ethics, corporate social responsibility, environmental sustainability, and strategy" and how this affects decision making in business.
In your discussion post:
1. Post the article, video, or audio clip
2. What is the context of the article?
3. What key facts should be considered?
4. What alternatives are available to the decision-maker?
5. What would you recommend - and why?