Fast Company - Case Application: Fast Company 1. Q: How do...

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Case Application: Fast Company 1. Q : How do you think good decision making has contributed to the success of NASCAR? A : Good decision making has contributed to the success of NASCAR. One of their decisions, after the death of Dale Earnhardt, was to make NASCAR a safer sport for the drivers. New safety regulations were put into practice to prevent as many driver deaths as possible, but still keeping the intense nature of the races intact. This decision benefited the drivers, but did not hurt sales of merchandise or tickets. This would be referred to as a win-win situation. This is just one example, but it shows how decisions need to be made. If more good can come of a situation than bad, due to a decision, that decision needs to be taken to maximize productiveness. If poor decisions are made, the company will suffer as a result. 2. Q : A decision to go after a new market as Brian is doing is a major decision. How could he have used the decision-making process to help make this decision? A : The decision-making process is an eight step process needed to go through in order to make a decision. First a manger must identify the problem, in this case, managers realize one market was totally dominated, the southern white male market. There was room for growth and a decision needed to be made whether or not to
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Fast Company - Case Application: Fast Company 1. Q: How do...

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