The Six Step Decision Making Process - 1157 Words

Before a company can make any decision on introducing a new product to the market it must undergo the six-step decision process. Many issues and profit loss can be avoided if the company undergoes the process and focus on their goal. The six-step decision process is a systematic process that can be applied to any situation within a company, non-profit organization and even in your personal goals. The six steps consist of identifying the problem, establishing a goal to reach, search for possible solutions to the problem, evaluate all the cons to all the possible solutions, select one of your options and then undergo an analysis of the outcomes. This paper is going demonstrate a simulation of a the six step decision making process from the perspective a soft drink company that is evaluating the possibility of launching a new soft drink product with twenty five percent fruit juice. New Soft Drink All companies no matter their specialization must undergo the six step decision making process when launching a new product or making a decision that will impact directly the company’s profits, production, reputation, etc. The decision making process in large corporations are more complex due to the multiple levels within the organization. This does not mean that if the company is small it will be easier; it just means there will be less input from multiple departments or personnel. The soda company is a large industry that must be very careful in their decision-makingShow MoreRelatedDecision Making Process Paper820 Words   |  4 PagesDecision-Making Process Paper MGT/230 June 26, 2011 Abstract The decision-making process has six stages. These stages consist of identifying and diagnosing the problem, generating alternative solutions, evaluating alternatives, making the choice, implementing the decision, and evaluate the decision. Choosing to go back to school and what school to attend was a problem that I had that needed to be figured out. I did not use the decision-making process; if I had I am not sure if my decision wouldRead More Decision-Making Models Essay798 Words   |  4 PagesDecision-Making Models   Ã‚  Ã‚  Ã‚  Ã‚  There are several decision-making models to choose from in any given situation. Some of these models available on the Internet are the Responsible Decision-Making Model, the Ethical Decision-Making Model, the Ethics Toolkit PLUS Model, the Vigilant Decision-Maker Process, and some basic ones as well. In general, all decision-making models are the processes we use to make well-thought out decisions. There are three major elements of all decision-making models. TheseRead MoreDecision Making Case Study Essay893 Words   |  4 PagesDecision Making Case Study Stefanie Parker HCS/514 June 24, 2011 Kendra Slatton Decision Making Case Study The standard definition of decision making is; the process of mapping the likely consequences of decisions, working out the importance of individual factors and choosing the best course of action to take (Definition of decision,). In this case study effective decision making tools will be used to choose the best course of action to take in the scenario. The scenario is; as aRead MoreDecision Making Case Study Essay1189 Words   |  5 PagesDecision Making Case Study Nadine Ranger Week 3 HCS/514 August 23, 2010 Sara Brown Decision-Making Case Study Effective decision-making is a major component in managing an organization, resources, and staff members.    Managers make important decisions daily that affect the operations, quality, and success of their organization.   Instituting evidence informed decision-making is a growing concept among health care organizations, but managers faceRead MoreEthical Decision Making Model Analysis797 Words   |  4 PagesEthical Decision Making Model Making sound ethical decisions require an intentional process that utilizes thoughtful reflection, supervision/consultation, and action. Many ethical decision making models exist and the seven-step model introduced by Forester-Miller and Davis (1996) is a succinct amalgamation of these earlier models. The model by Forester-Miller and Davis (1996) follows seven progressive steps: (a) identify the problem, (b) apply the ACA Code of Ethics (2014), (c) determine the natureRead MoreDecision Making Model Essay949 Words   |  4 PagesDecision-Making Model essay Whether we realize it or not, decision-making is a part of our daily lives. Everyday we have to make decisions. Some of those decisions are minor and some of them are life changing. Some of the decision we make, sometimes, are pretty obvious. We decide to get up, get of bed, with the assumption that the floor will be there. Personally, I begin to think of what I need to accomplish that day and what would happen if I did not tend to certain things. These thoughtsRead MoreEssay On Decision Making720 Words   |  3 Pagesone family in the neighborhood close to the Barker reservoir found a distraught mother who made this statement: â€Å"They have to do what they had to do.† Accordingly, managers use six steps to decision-making to affect organizational performance. Fundamentally, these six steps are especially critical as these decisions will affect human lives. In Texas, August 2017, hurricane Harvey became a life-threatening, catastrophic event as it dropped more than 30 inches of rain, as well as, forceful windsRead MoreMilitary Decision Making Process ( Mdmp )1243 Words   |  5 Pages Military Decision Making Process (MDMP) SGT Alexander, Joseph Non-commission Officers Academy Senior Leader Course ALC 166-16 Phase 1 dL Abstract The historical process of creating and implementation of the Military Decision Making Process has changed significantly since World War I. The US Army did not have a published staff doctrine or guidance to assist commanders in the decision making process. The Regulations for Field Maneuvers (1910), did not provide staff guidanceRead MoreEssay on Decision Making845 Words   |  4 PagesDecision-making models, or the path that one would choose in his or her decision-making, is heavily relied on the information one has received. By having all the correct information available, decision-making becomes an easier task. The model in which one would base his or her decision-making upon can be analyzed into six different factors: the problem at hand, the goals that want to be reached, alternatives, pros and cons, decision(s), and reason(s) behind the decision(s). According to RichardRead MoreImportance of the Decision Making Concept:879 Words   |  4 PagesDecision Making Concept: Decision making is one of the most important aspects in life and work because of its strong link to success and effectiveness. Actually, successful people achieve their goals in life and work through effective and efficient decision making. The decision making process is usually guided by an individual’s beliefs, values, and attitudes as well concepts. While a person can use various concepts in making decisions, they should be very careful to select a concept that is