Overview of Ademark Business Training and Consulting's Decision-Making Meetings
Questions:
Task description
• Arrange to sit in on decision making meetings at the operational and strategic management levels within your organisation.
• Note the nature of problems dealt with at each level. Are they tame or wicked?
• Note the approach to decision making for each type of problem that you have identified. In particular discuss whether the approaches are qualitative or quantitative
in nature. Are the approaches appropriate for the type of problem?
• Finally, track the decision making process. Does it comply with rational problem solving approach suggested by Williams (2002)?
• Do you have any recommendations for decision makers at various levels in your organisation based on your understanding of theory frameworks?
At Ademark Business Training and consulting, strategic and operational decision meetings are held monthly. In attendance are three non-management members who consist of the chairman, vice chairman and the secretary while management members consist of four members who are Managing Partner, Head Finance, Marketing and Operations.
The meeting is meant to address two critical issues affecting the strategic and the operational goal of the firm. On the strategic front the management is confronted with the decision of either renewing the company’s franchise with its licensee or revoking it. On the subject of franchise some favor renewing of the franchise because of the brand association attached to the franchise which is considered mileage for the company in term of marketing, and its subsequent impact on the turnover. Other group favors cancellation base on cost – benefit analysis and the implication on the company performance on the medium and long term. On the operational front, the organization has a fairly sophisticated operational planning and something more was needed because service performance and customer satisfaction are declining thus should on- line/ digital training be introduced.
The problem on the surface looks like a tame problem base on the features, according to Ritchey pg. 2 (2005) which are a relatively well-defined and stable problem statement, definite stopping point, i.e. we know when a solution is reached, solution which can be objectively evaluated as being right or wrong, belongs to a class of similar problems which can be solved in a similar manner and have solutions which can be tried and abandoned. However further debate on the subject reveal that the problem has taken a “wicked problem” dimension because of its trait which is hazy, uncertain and associated with strong professional conflict clash. These ever changing dynamic interacting issues evolving in our business setting had prevented consensus as regard problem identification not to mention proffering solution.
As company head, I approach the problem by noting all shades of opinion during discussion and introduce SMART tool to address both issues. According to Williams S.W. (2002) there are four (4) steps toward rational business decision taking which are
1. Problem identification: In order to identify the problem, properly review the organizational process and analyze the purpose of the organizational business. Based on analysis and review, problems will be identified.
2. Criteria Definition: After identify the problem, need to judge the process properly. Appropriate judgment or proper decide will be the best methodology in increasing standard of the business.
3. Alternative generation & evaluation: After identify the problems , need to generate alternative strategy that will be better in running the process as well as making appropriate decision. Evaluation of this alternative strategy helps in increasing standards.
4. Implementation: Form the committee including leaders and managers of the organization in order to implemental the alternative strategies properly within the business process.
The Complexities of the Franchise Renewal Decision
Strategic Decision on Franchise Criteria Definition & weighting
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