Matrix Six - Chapter Six Business Foundations: A Changing World (Ferrell et. al 2018) in comparable organizations. Analyzing Options: When assessing appropriateness, the decision maker should consider whether the proposed option adequately addresses the situation. When analyzing the consequences of an option, managers should consider its impact on the situation and on the organization as a whole. Selecting the Best Option: Selection is often a subjective procedure because many situations do not lend themselves to quantitative analysis. Of course, it is not always necessary to select only one option and reject all others; it may be possible to select and use a combination of several options. Implementing the Decision: Implementation can be fairly simple or very complex, depending on the nature of the decision. Effective implementation of a decision to abandon a product, close a plant, purchase a new business, or something similar requires planning. Monitoring the Consequences: Without proper monitoring, the consequences of decisions may not be known quickly enough to make efficient changes. If the desired result is achieved, management can reasonably conclude that it made a good choice. If the desired result is not achieved, further analysis is warranted. Networking: building relationships and sharing information with colleagues who can help them achieve the items on their agendas.
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