Business Decision Making
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The modern corporate entities that have been dealing successfully have a single feature in common that is a proper and accurate decision making process. Decision-making is an efficient process that facilitates a sound and reasonable decision that is vital in the regular course of business. The different decisions that are taken by a manager influence business in a major way. Moreover, these decisions regulate the fate of different organizational activities like the selection of a probable investment proposition, product manufacturing decisions and other related business processes (Heyler et al., 2016).
This particular study aims to analyze the different decision making processes that are employed in a business. To be more precise, the particular decision in regards to a product manufacturing company and its motive for the introduction of a brand new product has been analyzed along with the considerations that should be analyzed have been included in this particular study (Heyler et al., 2016).
The selected company, Conroy Manufacturing company had been founded in the year of 1960. Initially the company had been producing a range of small-scale tools and machineries but later extended their production to building materials, paints and other related products. A degradation in the performance of the paint and the pre-fabricated units of the company resulted in these particular departments ceasing to work. This has in turn resulted in the formation of a management team that has helped the company to elevate its sales and acquire the desired profits.
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