Using this textbook as a reference please answer the below questions: Management
ID: 397873 • Letter: U
Question
Using this textbook as a reference please answer the below questions: Management Leading and Collaborating in a Competitive World, 12th ed; (2016) authors: Bateman, Snell & Konopaske; Publisher: McGraw-Hill; ISBN-13: 978-1-259-546945, please respond to the following questions in
Chapter 3: Saul Garlick's Social Enterprise: Nonprofit or For-Profit? (text pg. 83)
Complete the following questions (approximately one-page submission): Concluding Chapter 3 Case: Soaring Eagle Skate Company (text pg. 101) Complete the following questions (approximately one-page submission):
(1) How do the characteristics of management decisions - uncertainty, risk, conflict, and lack of structure - affect the decision facing Stan Eagle?
(2) What steps can Eagle take to increase the likelihood of making the best decision in this situation?
Explanation / Answer
1- In the specific is business owners had insufficient information to know about the consequences and availability of expansion for different product lines. This was the main concern of condition of the risk in the specific areas by carrying out the sophisticated market research they could have easily understood the risk and the scope of risk they are going to face in the specific market segment. Certainity of possibility of selling the product at respected price as well as estimation of losses organs can also be understood with the help of intensive market research. In the specific condition at two partners , Pete Williams and Stan eagle work having a conflict due to the changes in availability of ideology regarding growth and preservation of the resources. This is specific decision lacked proper structure in which the possibilities of addressing the situation for consistently deteriorating business which would have been improved.
2- Current decision of keeping the company afloat can be disastrous for the company as it could lead the company to crisis. William is definitely making efforts to provide strategic actions for betterment of the company. His ability to make the specific strategies is not refined but the specific strategy is providing can be considered. It is very important to evaluate each and every decision they make this time as compared to the problem they faced last time in decision making. They have to maintain standard of operation where deciding if the move is worth the time and investment. Buy successfully looking into different perspectives of creating solution designs as well as a specifically for the problem we can improve the overall availability of decision making for eagle.
Creation of a contingency plan is one of the most important parts of creating the solution. Alternative course of action that could be implemented on the certainity is of the future should also be implemented to make the company move in a better way as well as to make best decision in this situation.
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