Decision in Paradise Ii

In: Business and Management

Submitted By ebobrew
Words 1020
Pages 5
Decision In Paradise
Emmanuel Brew Riverson
MGT 350 Critical Thinking: Strategies In Decision Making
Kevin McPhee
May 5,2012

Decisions in Paradise – Part II
Most business decisions are taken by senior executives based on assessments that will determine in advance what will happen if the business takes the expected direction. Financial tools (i.e. cost benefit analysis) are truly helpful during the decision-making process; however, they should never be confused with the decision as the outcome of the decision-making process (Langdon, 2001). In “Decision in Paradise – Part 2”, Joey will utilize a decision-making technique that is suitable for this scenario as well provide a step-by-step analysis while utilizing the technique. Finally, he will discuss the decision-making model he selected and how the model selected influences his proposed solutions.
Cost Benefit Analysis
The decision-making technique that Joey selected for his business study at Kabo is the cost benefit analysis. The cost benefit analysis is completed in order to determine how well or poor a plan will turn out. Cost benefit analysis is also known as “running the numbers” as it relies on adding positive factors and subtracting the negative ones in order to determine a net result. The difference that is found between benefits and costs will advise if the plan is feasible. The cost benefit analysis must include all the costs, all the benefits and properly quantify them in order to get accurate analysis. Although the cost benefit analysis can be used for almost everything, it is commonly done to determine financial questions such as should I hire an additional employee or assign more overtime? Should I purchase new equipments? Will I be better off putting the cash flow into securities rather than investing in additional capital equipment? (Reh, 2009).
Cost Benefit Analysis: Step-by-Step

Similar Documents

Decisions in Paradise

...Decisions in Paradise Names MGT/350 10/16/2012 Decisions in Paradise This paper will focus on defining the issues that appear in the decisions of paradise Business scenario.  It will discuss the forces that are involved in formulation of the problem that Nix will take on being the new military doctor in a civilian company. It will also describe the tools, technology, organizational and environmental obstacles she will face. She will have to play more than one role while being on the island of Kava.  Kava is a small island in the South Pacific. Several natural disasters have claimed the island of Kava, and have caused the island to be plagued with tragedy. This small island is in desperate need of help on various levels; one main area is education. Higher education is a must and has been at the centre of intense debate among proponents and opponents from various regions of the world Over 50% of Kava’s population is under the age of fifteen, and the island is made up of so many ethnic mixes of indigenous South Pacific tribes that include, Asian (Chinese primarily), Spanish, French, African, and since World War II, a sizeable number of Americans. With respect to religions, 50% being indigenous, while leaving the remaining 50% divided between Christian, Buddhist and Islamic.  The people of Kava seem to have their own way of life and their own way of how things are structured. Alex has briefed me on the modern ways of the Kava People and all the......

Words: 718 - Pages: 3

Decisions in Paradise Part Ii

...Decisions in Paradise Part II Monica Ridley MGT/350 - Critical Thinking: Strategies in Decision Making May 14, 2012 Tom Mc Shane Decisions in Paradise * For over three decades, the island of Kava has been a favorite destination for tourists from around the world who enjoy the many pleasures it offers. One of these great attractions is tourist fishing. Found At Sea is one of the few companies that offer fishing adventures. Although there have been difficulties expanding, the Kava manager Alex and I have applied some critical thinking and began a decision-making process that uncovered problems and defined some solid steps to reach the company’s goals. We now will have a look at applying our decision-making techniques that identified our solutions, and provide an analysis of our chosen steps. We will also determine which decision-making model worked the best for our organizations problems and how they impact our solutions. * * Techniques to Identify the Solution * At the Florida locations, Found At Sea uses the SWOT (Strengths, Weaknesses, Opportunities, Threat’s) analysis method to conduct the company’s needs to run effectively and efficiently. Since my landing at the Kava location, I noticed the obvious signs of un- organization, external factors such as the recent typhoon debris and economical differences, and other internal factors; I described several measures needed to change. The SWOT method has been established at the Florida locations and...

Words: 936 - Pages: 4

Decisions in Paradise – Part Ii

...Nik has completed Phase I of the Kava project by identifying the problems that exist. Phase II consist of Nike applying a decision-making technique to identify the solutions. Nik Phase II report will also provide an analysis of the specific steps used in applying the selected decision-making technique. Because of the severity of the issues that exist in Kava, Nik realizes that many decision-making techniques and models will be used to address these major problems. Nik proposes to form three teams to address the issues in Kava. The first team will focus on handling and developing a workaround when natural disasters present itself in Kava. The second team will address the medical illnesses, and the third team has the responsibility of addressing and resolving the terrorism from within and outside of the country. Nik has also assembled a team that will be responsible for reaching out to the other helping organizations in the country. Joining forces with other organizations will help to reduce cost, manpower, and prevent replication of projects. Nik also has two financial advisors that will be responsible for managing the finances for the project and staying within budget. The first team role was to address the natural disasters in Kava and determine the impact it has on the economy’s production of petroleum, coffee, cocoa, spices, bananas, sugar, fishing, natural gas as well as inexpensive, quality labor. They first looked at the forces of influence. Applying......

Words: 761 - Pages: 4

Decisions in Paradise Ii

...Decisions in Paradise II Antonio Alvarez MGT/350 August 9, 2010 Gary Crum Decisions in Paradise II Before taking action on Kava, we must formulate a plan to reach our objectives. I believe AT&T would benefit by using the brainstorming technique to help us come up with ways to increase our presence in Kava. Although our objective is clearly defined, our course of action is still vague. Brainstorming is a very effective technique at identifying solutions by allowing a group to analyze, polish, and agree on the best course of action. This technique also allows everybody participating to understand the plan completely so it can be carried out effectively. Before we can begin the brainstorming process I propose a group should be assembled consisting of some of our international relations specialists and some management candidates from Kava. Research indicates that if we want to avoid falling into groupthink and have the best results we should have a diverse group perform the brainstorming process (Jusko, 2001). Including people from Kava in the brainstorming process could give us some insight and valuable information only the people from Kava would know. After the group is decided upon, we can begin brainstorming by doing the following: Brainstorming Process 1. Define and agree the objective. 2. Brainstorm ideas and......

Words: 801 - Pages: 4

Decision Making in Paradise Part Ii

...Nana Offei University of phoenix Mgt/350 Decision in paradise paper two Professor Michael Caserta January 17, 2011 Decision in paradise part two The Island of kava has many obstacles up until to prevail over deep-sea queen need to work with the Kava administration to Identify proper procedures to have occurred in the recovery effort as well as provide first aid. Foodstuff and protection to all citizens I need will become a major investor in the rebuilding effort and work with government official on a reconstruction plan. In this plan, the subject to identify is specific problem areas and provides an outlet for development and proactive warning mechanism against future nature disaster This effort is a major mission and requires extensive problem classification rebuild Kava to complete with safety stranded that influence the quality of life for everyone in the Islands. Therefore, humanitarian Aid Calamity prevention, housing improvement, rebuilding hotel, and human resources are necessary to rebuild and constriction. Kava faces many challenges and decision-making, queen would share a greater presence in kava through a collaborative agreement with government official and the citizens of the beautiful Island. Evaluate the reimbursement against the operating cost to choose the most profitable choice involves monetary calculation of original and ongoing expenses against predictable return. However, creating sensible actions of the cost and benefits of specific measure...

Words: 823 - Pages: 4

Decision in Paradise

...Business Scenario Decisions in Paradise: How To Be, or Not To Be Introduction: My name is Nik. I spell my name a little differently. But, with so many folks named Nicholas, Nicolette, Nicole, Nikoleta, Nikola, and more, I figure I’d let people guess. Like everyone else, I periodically imagine what paradise on Earth would be for me. In my imagination, my trip to paradise includes having a wonderful, loving relationship, finishing my college degree, getting a meaningful job, seeing some of the rest of the world, and getting my dog, Leonard, housebroken. Although I’d been working on all this stuff for what seems a lifetime, I couldn’t believe that they all came together for me within a three week period; although, I’m still working on Leonard. Within two weeks of finishing my degree, I landed a job with great potential in a solid organization. All the investment of time, energy, and money in school finally paid off, not to mention I learned a lot more than I thought I would. The next week I reconnected with a former “friend”, that could prove to be the love of my life. Did I point out I’m still working with Leonard? Adding to paradise found, my first assignment with my new company required me to travel to another part of the world—an island country of Kava, in the South Pacific to be exact. Now who thinks of the South Pacific and doesn’t imagine a physical paradise – white beach, gentle surf, swaying palm trees, tropical breeze – I sure did, and so did the prospective......

Words: 1779 - Pages: 8

Decisions in Paradise Pt. Ii

...Decision in Paradise Pt.2 Your name here: MGT/350 July 20th, 2011 Facilitator: Decision in Paradise Pt.2 Introduction Kava was in need of assistant, and it would take Teva Pharmaceuticals to aid this small island, which must pick the decision-making method that describes/explains the problems, collet data, and permits for pors and cons analysis (Chapman, n.d). However, they will need to provide a way for goals to include the top chances of achievement with the means obtainable with costs implicated, plus recognize the required individuals to emerge not only in the decision-making process except to put into pratice the goal(s) when selected. Applying a decision-making technique Today we have several decision-making methods. A tool for the mind, a well-liked career skills online resource, suggests the following decision-making techniques (n.d.). 1. Pareto Analysis - goals are prioritized then resources are applied to high priority items first, helpful when there are many goals being considered. 2. Paired Comparison Analysis - weigh the reletive importance of different courses of actions, helpful when all facts are not known for making the comparison of apples to oranages, and/or priorities are not clear or complete. 3. Grid Analysis - rank, and then compare the factors that must be considered with goals, choosing the goals with the highest rank; most successful when factors needing considerations are known. ...

Words: 1104 - Pages: 5

Decisions in Paradise Part Ii

...Decisions in Paradise Part II Decisions in Paradise Part II Kava, an important tropical island nation in the South Pacific, overwhelmed with social, environmental, economic, and financial pressures. We are here at the request of the government of Kava, and with the support of its citizens. The Company is reviewing our ideas to relieve some of these pressures. Implementing some sort of youth-oriented work study and organized activity program, and investing to improve the infrastructure of Kava. Although these ideas are worthwhile, ideas without a plan to actualize them are just ideas. We assessed the effects of the problems, and we have identified problems we wish to solve. A decision, one way or the other, must be made. Several decision-making processes are available for use to determine the best course of action. The purpose of a decision-making process is to diagnose the issues needing clarification, identifying options and the impacts of those options, and finally to arrive at a conclusive decision. We will use the Six Thinking Hats technique to scrutinize our ideas and arrive at the best decision for the nation of Kava and its people. Six Thinking Hats is a decision making process, developed by Edward de Bono, which allows us to explore different points of view about difficult challenges (The de Bono Group LLC ). Seeing ideas from differing points is a sound strategy to follow when tackling complex issues. The Value Based Management (2010) website states...

Words: 1207 - Pages: 5

Decisions in Paradise Part Ii

...Decisions in Paradise Part II July 11, 2011 Kava is a significant island country in the South Pacific. The island country faces many different disaster threats. Over half of the country’s population is under the age of fifteen. Kava’s economy has a strong production of natural resources, as well as specific foods, such as bananas, coffee, cocoa, sugars and fish. Kava’s economy offers inexpensive, quality labor. Kava has support from the local, state and national government, community based organizations, faith-based groups and businesses in order to grow the economy in the significant island country. The island has a wide variety of ethnicities, creating language barriers because of all the different ethnicities Bluegrass Construction Company, Inc. (BCC) hired me, Nik, to study, synthesize, analyze, and prescribe the best business decisions in order to establish a greater presence of our company in Kava. I have decided to implement a decision-making technique to create an appropriate solution for BCC to overcome challenges in our overall goal of establishing a greater presence of our business in Kava. After visiting the island, seeing the problems our company is facing, and knowing where we want to go with our business in Kava, I think the best course of action is to implement brainstorming as our decision-making technique in order to strengthen our presence in Kava. Analysis of Specific Steps in Applying Brainstorming Through my analysis of the island, the disasters...

Words: 978 - Pages: 4

Decisions in Paradise, Part Ii

...Decisions in Paradise, Part 1 Not every vacation dreamland is what it is all cracked up to be. The Kava Island is one of these places that I am talking about. The inhabitants on the island of Kava are going through very tough times right now. The company with whom I am now working with works in the pharmaceutical field, and I will help them come up with how they as a company can help in the restructuring area on the island of Kava. Identifying problems of the Kava people as well as coming up with a criterion to do so will help build our goals as well as our objectives. We will also evaluate the causes and effects of all of the trials and tribulations that have hit the Kava Island. Two weeks after achieving my degree in business in the management field, I was hired by a pharmaceutical company in Japan. I was to be an assistant to the strategic planning director with their company. As I knew when I took this job it would require me to travel all over the world, and in this case to the island of Kava located in the South Pacific region of the world. I researched the Kava Island as I had never heard of I before, and after researching information on the background and what the island had to offer, it excited me and I very much so looked forward to working with great people and helping out as much as I could for the good of the Kava cause. The island had to be beautiful, I figured, because of its location. I was thrilled to embark on this new chapter in my life and see what I......

Words: 1267 - Pages: 6

Decisions in Paradise Ii

...human resources. Kava will in fact face many challenges and decisions; True Blue Water along with the citizens and local government will work together to rebuild a new and improved island. Additionally Nik and Alex provide a detailed plan to ensure True Blue Water will administer enough assistance to guarantee a reputable presence within Kava. Consequently, able to provide Kava with an endless supply of safe drinking water to the volunteering organizations and individuals throughout the rebuilding process resulting in more recognition. Nik and Alex will have to evaluate the benefits alongside the expenses to determine the most lucrative choice involving economic estimates of preliminary and continuing expenses next to the anticipated profit. Nevertheless, generating logical actions of the expenditure and profit of precise measures can be extremely complex in this type of scenario. An estimation of expenditure and profit can be done by illustrating suggestions of market activities or using a survey system (Paul & Elder, 2006). Nike and Alex will have to estimate the worth of human life and the environment resulting from all the disaster recurring in Kava. Additionally Nik and Alex will put to use the six-step decision-making model, this allows Nik and Alex to define the problem, identify the decision criteria, evaluate the effect of the problem, develop alternatives, evaluate the alternatives, and make the decision (Paul & Elder, 2006). This model permits Nik and Alex to......

Words: 720 - Pages: 3

Paradise Ii

...Running Head: Decisions in Paradise Part II Decisions in Paradise Part II NAME MGT 350 January 23, 2012 Introduction Within the context of Decisions in Paradise I, I discussed some of the different obstacles that TEVA, USA is encountering while trying to enter the country of Kava, a South Pacific Island. I also shared different approaches that my company TEVA, USA can take to address the many challenges that the island presents. Any solution that I, or my partners, propose will have an effect on Kava and this should be taken into consideration when implementing our techniques. The process of assessing the available solutions will be explored within Decisions in Paradise II. The most difficult problem to overcome is that Kava is a hard island to inhabit because of the unavoidable issues the face with disasters and disease. In addition to the mess that the island is in, the office that TEVA occupies is also in havoc. They lack sufficient employees and the office in unorganized. After identifying the problems at hand, I have determined that the basic solutions would be; hire a new receptionist, clean up the office space, and implementing contingency plans for every natural disaster that may impact the land. This would include a safety plan, a cleaning plan, and a safe place for everyone to go when disasters do strike. Decision-making Technique Several influences have been identified to lead to the issues that are affecting Kava today. The......

Words: 887 - Pages: 4

Decisions in Paradise Part Ii

...Decisions in Paradise Part II Lisa M. Campbell MGT/350 December 19, 2011 Professor Rebecca Marek Decisions in Paradise Part II The decision to open a hotel on the island of Kava has been a challenge for owner Lisa Campbell. Decision-making and numerous situations are evaluated to ensure this decision-making will be best not only for the hotel but also that it will benefit the local islanders and the people who visit Kava temporarily. The Marriott Kava hotel is projected to be a medium size facility. The accommodations will ensure local islanders, patients receiving extended health care at the local cancer center, families, couples, and even business travelers will have a place to stay during their visit. The decision is if it will be more beneficial to build a standalone hotel in the middle of the island, merge the business with the local cancer center, or build the hotel near the airport ensuring it is near the new transit shuttle bus company. Building a standalone hotel ensures that if the tourism and visitor rate to the island increases the hotel will have no obligations and commitments to another company and able to focus on just providing space for guest of the hotel. The downside of this is that the business owner limits herself to other business opportunities if the standalone method is sought after. Business is based on the needs of living areas on a temporary basis. The developer that has come to the island to build housing projects for the...

Words: 897 - Pages: 4

Decision in Paradise Ii

...Decisions in Paradise Part - II Decisions in Paradise Business Scenario, Part II. Introduction: As it was discussed in the previous paper, “Decisions in paradise: Part I”, our company was looking at establishing a greater presence in Kava which is small island country in the South Pacific. Kava has been plagued with unfortunate circumstances that have brought about one disaster after another. , The problems facing the Arcadia Child and Youth Corporation were discussed. The problems were as follow: Organizational and Environmental Obstacles Construction, Resources and Actions Required, Ethical Implications, Factors Affecting Implementation has been evaluated. Everything is in order and we have other matters to consider now. We will start with the decision making technique from the University of Phoenix Model the 9 –step technique to complete this expansion in Kava. 1) Justify the use of decision-making models. 2) Analyze the elements of decision-making models. 3) Perform a situation analysis. 4) Differentiate between symptoms and problems. 5) Develop alternative solutions. 6) Evaluate alternative solutions. 7) Describe how personal, cultural, and organizational values impact ethical decision-making. 8) Select the best possible solution. Proposal Feedback from The Arcadia Child and Youth Corporation executive’s Team This paper, Decisions in Paradise Part II will provides information regarding the proposal to build a Child and Youth center on the South Pacific......

Words: 916 - Pages: 4

Decisions in Paradise

... Decisions in Paradise, Part II Veronica Evaristo MGT/350 December 5, 2011 Ken Rath Decisions in Paradise, Part II The community of Kava is presented with various environmental challenges that affect the progress of the economy. As an organization in this location, running a business also poses a complex trial to be profitable and successful. ANZ Guam, Inc. (ANZ), a new banking institution in Kava, realizes these challenges to be grow its business and simultaneously provide to the community. Considering most people from Kava would not appeal to the products of a bank, ANZ hopes to provide adequate financial education to the community. With a general banking knowledge in the people’s hands, they will understand how banking products can benefit their financial needs. Collaborative Decision-Making In Kava, there are many natural disasters that occur compromising the country’s key elements that help stimulate the economy. Disaster threats like tsunamis, typhoons, floods, and earthquakes destroy the processing and plantations of coffee, cocoa, spices, banana, and sugar. How do the people and business owners recover from these catastrophes? The community can receive financial gain by learning the bank’s benefits of saving money and borrowing money to assist through these hard times. The plan for this organization is to market deposit accounts for the people and businesses in Kava and provide the education of saving and managing money. In addition, the...

Words: 966 - Pages: 4