Question

Qualitative Decision Analysis

Screenshot 2021-08-25 2.43.21 PM.png



Qualitative Decision Analysis

 

Use the Six Thinking Hats qualitative process for answering this question.

 

LEGO’s strategy is to make LEGO bricks from sustainable sources by 2030. They want to do this while maintaining product quality and safety. This long-term strategy will require many short-term and medium-term decisions. They have long term goal of making the whole business operation more sustainable.  Some of the decisions needed year by year to make their sustainability strategy happen may include:

 


    • Phasing out plastic used in packaging

    • Making more bricks from sugar cane (currently this is 2 %)

    • Using more solar panels on factories

    • Making reductions in waste that goes to the landfill

    • Locating sources of sustainably sourced paper for packaging

 

You are required to select ONE decision from the list above as the basis for this assignment.

Step One:  Review LEGOS and conduct some research on the issue you selected.  Your research should include a review of long-term implications of this decision for LEGOs and their sustainability objectives. Some example sources are below:

 

https://www.lego.com/en-us/aboutus/news/2020/september/sustainability/

 

https://www.forbes.com/sites/sujatakundu/2019/10/30/lego-challenge-to-find-a-strong-sustainable-alternative-plastic/?sh=64deeb9f3647

 

For the written portion of this assignment. Answer these questions.

1. Describe the decision you selected (from the list above) that needs to be made and why it is important based on the company’s long-term strategy.

2.  Use the Six Thinking Hats qualitative decision analysis process and answer the following: 


    1. Why is this an appropriate tool for thinking about the problem you selected?

    2. Discuss in detail your use of this analysis tool by explaining what will happen in each part of your analysis (the six hats) using this tool.  (Be sure to directly address the LEGO problem you identified in your answer.  This may require some imagination/creativity on your part!)

    3. What are advantages and disadvantages you see in using the Six Thinking Hats process to think through the problem you selected? Explain.

    4. How might information learned in the analysis process be useful to a marketer?  Be specific for the problem you identified.

3.  In general, how does the use of qualitative tools such as Six Thinking Hats or Mind Mapping help to improve the decision making process (7 steps)?


0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
Qualitative Decision Analysis
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Case Analysis: The Decision Making Process For this assignment, you will write a case analysis using,...

    Case Analysis: The Decision Making Process For this assignment, you will write a case analysis using, 3M - The First 110 Years. Write a comprehensive case analysis covering the following: 1. The context of the decision making processes, including for example the goals, activities, history or culture of the organization; the complexity and special features of the task or problem; the major stakeholders of the decisions. 2. The main phases or activities of the decision-making process, including for example the...

  • influence of patients' socioeconomic status on clinical management decisions: A qualitative study. Having a safe and...

    influence of patients' socioeconomic status on clinical management decisions: A qualitative study. Having a safe and appropriate organizational culture involves developing employees understanding of how the patient population characteristics can influence clinical decision-making. As a hospital administrator, you hear some complaints and want to investigate whether the problem of stereotyping exists at your facility. How will you conduct the investigation? What will you do if the problem does exist at your facility? Recently staff has been complaining about abusive physician...

  • Information Technology and the Future Lab #1: Creating a Decision Support Tool In this hands-on work,...

    Information Technology and the Future Lab #1: Creating a Decision Support Tool In this hands-on work, you will use Excel to create a simple Decision Support System (DSS). You can learn more about these systems in your text. This class of system is needed when the decision is not structured. It supports decision makers at any level of management and can support several interdependent and/or sequential decisions. These systems can be adapted to changing conditions, are easy to construct and...

  • Question 12 Qualitative information that a manager might evaluate in making a decision would include all...

    Question 12 Qualitative information that a manager might evaluate in making a decision would include all of the following except Not yet answered Marked out of 2.00 Flag question Select one: O A. upsetting regular customers by offering discounts to selected customers OB. the effect of layoffs on employee morale C. calculating the breakeven point under two different alternatives OD. the reduction in control over delivery time due to subcontracting Question 13 Which of the following is a capital budgeting...

  • Retail Planning Process Roberta is a long time quilter. For many years now, Roberta has been...

    Retail Planning Process Roberta is a long time quilter. For many years now, Roberta has been making quilts for her friends and family. She specializes in taking scrap pieces of clothing and combining them to make customized, one of a kind quilts. Often friends and family will bring her t-shirts, or scraps of baby clothes, or even fabric from worn clothes, for Roberta to make one of her signature quilts. The demand for Roberta's quilts has gotten so high, she...

  • is processed further? in Problem 17.30 Plant Shutdown or Continue Operations, Qualitative Considerations. Traditional Analysis KarlAuto...

    is processed further? in Problem 17.30 Plant Shutdown or Continue Operations, Qualitative Considerations. Traditional Analysis KarlAuto Corporation manufactures automobiles, vans, and trucks. Among the various Karl Auto plants around the United States is the Bloomington plant, where vinyl covers and uphols- tery fabric are sewn. These are used to cover interior seating and other surfaces of KarlAuto products. Pam Teegin is the plant manager for the Bloomington cover plant-the first KarlAuto plant in the region. As other area plants were...

  • Introduction: As you can deduce from reading the Wilson Bros Case Scenario the company decision making...

    Introduction: As you can deduce from reading the Wilson Bros Case Scenario the company decision making process has been traditionally ‘top down’ with only the Executive Team formally established in place. This will have to change dramatically for the company to be successful going forward. Teams and virtual teams will be critical to the company’s future success. Instructions: Prepare and submit a document summarizing your analysis – OB theory and your own thinking – relating to how an individual can...

  • 7. Despite Break-even analysis is a useful tool to find out the break-even point, it has...

    7. Despite Break-even analysis is a useful tool to find out the break-even point, it has a number of assumptions. Which of the following is incorrect? Course teacher: Steve Lam Course Assessment 3 A Total costs and total revenues do not have linear functions of output B Assuming costs can be classified into either fixed or variable elements C The analysis only considers the decision at the relevant range D Volume is the only factor affecting costs, and all other...

  • Short term decision making   Shot plc manufactures three types of furniture products - chairs, stools and...

    Short term decision making   Shot plc manufactures three types of furniture products - chairs, stools and tables. The budgeted unit cost and resource requirements of each of these items are detailed below:                                     Chair   ($) Stools($)             Table ($) Timber cost                 5.00   15.00   10.00 Direct labour cost       4.00   10.00   8.00 Variable overhead cost 3.00   7.50   6.00 Fixed overhead cost   4.50    11.25    9.00                                     16.50    43.75    33.00 Budgeted volumes per...

  • Bruce and Emmett (B & E) is considering a significant equipment replacement. B & E would...

    Bruce and Emmett (B & E) is considering a significant equipment replacement. B & E would like to replace some of their equipment before December 31, 2019. The equipment originally cost $500,000 and the equipment’s accumulated depreciation balance at the end of 2019 is will be $450,000. At this point the equipment is depreciated to its salvage value. Your long-term asset accountant, Boris, tells you about four equipment options as follows: construct new equipment and sell the old equipment, exchange...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT