The Decision Making Process as It Relates to Planning

Decision making is the cognitive process leading to the selection of a course of action among alternatives. Usually the decision making process is implemented resulting from an identified problem that needs to be addressed and remedied. Each decision making process produces a final choice, which is called a decision. Planning is an integral part of the process. Without an organized plan, a final decision will be very difficult to achieve. Planning and decision making are very similar, yet very distinct processes by which organizational goals are met. If the two processes are implemented properly, they can complement each other so that goals can be realized in the most efficient and effective manner possible. Planning involves†¦show more content†¦Identifying the decision criteria and allocating weights to the criteria are components of the specific plans within the planning process. Identifying what is relevant to the purchase and giving each priority the correct weig ht helped the plan to come to fruition. Every element of the process must be specified so that the best decision will be made. The fourth step in the decision making process required very specific planning and research. Identifying viable alternatives that have the correct criteria is very important when making such a large investment. Our company wanted to review three different products that could resolve our reporting problems, yet we were only able to find two, Deltek and Microsoft s Navision. Once the two products were identified, demonstrations were set up to begin the fifth step of the process. Analyzing the alternatives is accomplished by appraising each product against the criteria outlined in step two and three of the process. Deltek and Navision are similar products in that they both provide similar reports and information needed. Yet, they are substantially different products. Deltek is a financial accounting software program and Navision is an ERP (Enterprise Re source Planning) system that attempts to integrate all data and processes of an organization into a single unified system. In terms of price, Deltek isShow MoreRelatedManagement And Future Direction Of A Business1072 Words   |  5 PagesChapter Overview Chapter 3 talks about how decision-making skills are put to work in making strategic choices for the management and future direction of a business. Goals that companies make are targets or results that managers hope to achieve. Managers must plan out what needs to get done, when it will get done, who will do it and how it will be done. When it comes to plans, there are two basic components: goals and action. â€Å"Formal plans are written documents that capture key strategic objectivesRead MoreManagement Strategy And Decision Making1157 Words   |  5 PagesJared Dandridge Part 3: Management Strategy and Decision Making a. 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Social Transformation Of Women s Educational...

This study examines the social transformation of the women’s educational opportunities in the early nineteenth-century America. Although the revolution of women’s role in our society has deep roots, this ongoing movement was originated from two major pioneers: Mary Lyon and Catherine Beecher. Their effort in negotiating educational equality has made a considerable impact on the advancement of women’s rights in our society. To fight for what was right, these women chose education as their best weapon. The pursuit of independence began with these leaders challenging the society and rejecting the traditional beliefs embedded within. Mutually reinforcing, their work registered significant developments in the academic society. As usually demonstrated, women’s responsibilities in the society have been programmed to be limited to domestic household tasks: cleaning, cooking, raising children, social etiquette, sewing, knitting, etc. The goal was to present them as a beautified status symbol. Parents raised their daughters for the same mission; to become a properly adequate as housewives for their partners. As Clifford and Redding explain, â€Å"the exposà © of education for social control† as a concept makes an important intermediate factor in the relationship between learning experiences and social structures. These societal norms derived from a blend of many factors. Religious prescriptions, civil society expectations, and political barriers drew the contours of gender injustice. WomenShow MoreRelatedAfrican American History And Education Of All Perspectives Essay1522 Words   |  7 Pagesto include African American History, Women s History, Asian American History, Latino American History, etc. As a result, students are getting the multicultural education they disserve through education of all perspectives. One can only hope all schools reach beyond stage 3 and have the privilege to be in Stage 5. 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Competitive Strategy and Business Model

Question: Discuss about the Competitive Strategy and Business Model. Answer: Introduction: This report discusses two business keywords, which include strategy and business model. The report states the importance of strategy and business model for an organization, and their process and application in the organization too. The two organizations that are McDonald and Dell Ltd are selected to discuss what strategy is and importance of innovation in the business models in the organizations. Idea In actually, what strategy is and its implementation The word strategy is one of the complex keywords in the corporate world. Today, the reason for the failure of most of the startups or well set up organization is incapability of management to exactly define what are organization goals and its strategy. The strategy defines that where the organization is competing, how to strategically position itself in such that it pushes consumers to buy the products of the organization when a large number of similar products are available in the market. Along with this, it also defines that what uniqueness the product of organization has, what unique value organization create, how to sustain the values in the market and what resources organization uses to do the valuable delivery of the product (Kryscynski, 2015). There is a big difference between the goals and the strategy, and to get the success, it is necessary for the organization to separate those two things properly but with alignment. For example, if any organization calming that they want to be the low-cost provider that has value in the perception of consumers, then this is their goal, here the strategy of the organization is to find out the ways of low-cost production and delivery of them that is different from the other organization and creates a unique position. The actual meaning of strategy is to plan, design and implements the various activities to achieve the goals of the company. The uniqueness of idea is not the only way to get success, timely implementation of the unique idea is also required and this timely implementation known as a strategic implection and control (Freedman, 2013). Therefore, integration of idea and strategy is the sine qua non to get success for any organisation. Organization McDonald McDonald is the a famous chain of fast food restaurants having a presence in more than 120 countries. McDonald is one of the successful organizations in the global market which can be attributed to its successful strategy of standardizing processes (McDonald, 2016). There is also a large number of organizations in the market that are related to fast food chain but they are not as successful as McDonald is. The reason behind of success of this organization is to do proper defining of organization goals and organization strategy. The tactics that organization uses to deliver their product is very efficient. The organization sells hygienic food at the reasonable prices. The goal of the organization is to be a global leader by using different - different strategies. The organization acts as a domestic player but relies on the global market. They have different strategies in the different market. The organization makes its strategy flexible and implements it in the market as per the need of the business, for instance, pricing strategy. McDonalds target customers are the age group of 18 to 30, so it does pricing of its products accordingly (Verweire, 2014). The organization does not change the quality of product despite the change in price. McDonald does not have a same price of the product in the market. Somewhere the price of their product is high for example, in USA, UK and somewhere it is low such as in India as they customize their strategy as per the local market. Company maintains an overall strategy across the world and to some extent, it is customized based on the different cultural and local factors to achieve the overall company goals. Key Ideas: The success of business depends to a great extent upon the organization's business model. Business model has vital role in the success or failure of the organizations. To get success, it is necessary for the organization to reinvent their business model as per time and demand of the market. Those organizations that do not bring innovation in their business model, cannot sustain in the market. Nokia is the live example that came to bottom from highs due to obsolesce of its business model. Every organization has a good amount of productive employees, sufficient resources, and adequate market knowledge but all the organizations do not have same revenue generation (HSGUniStGallen, 2013). It is a business model that makes them different from others. The innovation of business model does not mean that organization change their whole business model or create that thing that has never been happening in the industry. Organization uses the adequate process to restructure the business model. Th e ideal process of restructuring business model is initiation, ideation, integration and implementation. It includes the analyzing of the current structure of business, compares with other business models, benchmarking, checking the consistency of the business, and then implement the changes that require for achieving success. However, the possible impact of change should be properly evaluated and analyzed before implementation to preclude the bad impact of the change in the organization. Sometimes the initial results came from the changes are negative but the organization should have a long-term commitment towards it (Kaplan, 2012). The business model is the heart of the organization and timely restructuring of it is mandatory for the organizations to keep running and maintain sustainability in the market. Organization Dell Dell is the multinational IT Company having a large customer base. The origin of dell is from the USA. The product line of dell is not large but it deals with limited product lines. The major products of the organization are personal computers, softwares, and printers. The organization was successful in implementing an innovative business model where customers could directly place the customized orders of PCs and laptops as per their requirements. The organization put full effort to maintain the productivity in the chosen business model (Dell, 2016). They also do a restructuring of their business model timely which has been the case over the period of last few years. Dell is famous for the innovation in their supply chain in its business model. Dell has various supply models. In one model, company sells their product with the help of retailers and their own exclusive stores like another company, and the second one is termed as configure via order and built as per customer desire. Und er this supply chain model, Dell makes the product as per the demand of the customer. The organization takes orders from the customer as per their requirements of features, organization take these order via their own websites. In this process, organization enjoys big profit because the organization makes a direct contact with customers (Afuah, 2014). These supply chain structure also increase the reliability, sustainability or trust of the organization in the market because these structures satisfies the actual need and desire of the customers. Conclusion: From above report, it can be concluded effective strategy which is well defined and effectively executed is the most important weapon of the organization to combat the competition in the market. At the same time, innovation in business model play a vital role in the success of the organization too. Innovation and creativity in its business model differentiate the organization from others as well as create a distinct value of the company in the market. References: Kryscynski, D. (2015) [Online]. What is strategy?. Available at: https://www.youtube.com/watch?v=TD7WSLeQtVw [Accessed: 24 August 2016] HSGUniStGallen (2013) [Online]. Business model innovation. Available at: https://www.youtube.com/watch?v=B4ZSGQW0UMI [Accessed: 24 August 2016] Freedman, s. (2013) Strategy: A History. Australia: Oxford University Press. Verweire, K. (2014) Strategy Implementation. UK: Routledge. Kaplan, S. (2012) The Business Model Innovation Factory: How to Stay Relevant When The World is Changing. USA: John Wiley Sons. Afuah, A. (2014) Business Model Innovation: Concepts, Analysis, and Cases. UK: Routledge. Dell (2016) [Online]. Company Information. Available at: https://www.dell.com/learn/in/en/incorp1/about-dell [Accessed: 24 August 2016] McDonald (2016) [Online]. About us. Available at: https://www.mcdonalds.com/us/en-us/about-us/our-history.html [Accessed: 24 August 2016]

Kirk Franklin - free essay sample

If you want a precise and detailed summary of Kirk Franklins Let It Go, this could be what you are looking for. This song is taken from his sixth album Hero which came out in 2005 and won two Grammies in late 2006. Kirk has nine great albums, but personally I think hero is the best. The album Hero was preceded by Kirks fifth album the Rebirth of Kirk Franklin which talked mainly about the return to his family. Heros sound is somehow more refined and refreshing than his earlier albums. The album stayed on the Billboard Gospel Albums Chart for 49 weeks making the way for Kirk to receive his third Grammy. Kirk Franklin was born on January 26, 1970, he has been writing music ever since the late 90s. Kirks Let It Go talks about the trial and tribulations he went through before he became a born again Christian. The song has the combined rhythms of todays and old time rap. We will write a custom essay sample on Kirk Franklin or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page His music carries out religious messages as a preacher in a pulpit on a Sunday morning. The main reason why he wrote this song was because he felt that life was too overwhelming and he wanted to let it go. This song is meant for reaching out to the youth of today so that we wouldnt feel alone if we are going through some of the things he went through. He was abandoned by his parents when he was two, and was left with his Aunt Gertrude who really loved and cared for him. As he grew older peer pressure started to get to him that he ended up having a child at the age of 17. He kept on drifting away from the church, and even got into drugs, but then when one of his best friends died at age 15, he realized that that life wasnt meant for him. He went back to the church for the last time, and this time he was there to stay. Kirk is a very parent- friendly guy. Parents love him because he was not perfect growing up but as he grew older he realized that church is where he belonged and stoppe d getting into trouble. His appearance is very casual. One of his other songs on Hero called Couldve been thanks God for everything he has done for him and tells God that even though his life was a mess, it couldve been worse. I think that Kirk is a great artist who wants the youth of today to act their best and not get into trouble. Honestly, I am inspired by him and wish to meet him one day. If you like youth Christian rap and like hearing the lives of artists through their music or like listening to gospel artists such as Fred Hammond and Donny McKlurkin, Kirk Franklins album Hero is what I recommend . These artists sometimes work together to write their music so there is a little bit of each of these artists in all their music. If you like Mary Marys Thank You featuring Kirk Franklin, I would also recommend this album to you. The album is better than watching the video on you tube. It is only costs $14.77, but the power of this album is priceless. So go out buy and enjoy it, and I promise you wont be disappointed.