Question

explain why your assigned strategy would be useful for . Address the following:

• Analyze and define the tool average of group member opinion.

• Evaluate and explain why your assigned decision-making tool would be the most effective in the situation described in the provided case study.

• Include references and citations in your post.

Jamal and Amber have a successful small business with ten employees. Their entire team has been invited to two professional conferences, but they're only able to attend one.

The employees are arguing as some would rather go to the Florida conference while others want to go to the one in California.

The Florida conference is being held at a hall on the property of a major theme park. On site lodging is included, but meals are not. The speakers will be other small business owners and the topics will be centered around customer service. This conference lasts three days and is scheduled to end the day before Christmas.

The California conference has celebrity guest speakers, free meals, and two days of workshops. The conference is midweek in July. The workshop topics would be more beneficial to employees on a management track or already working in management. The lodging is in a less desirable area far from the conference. Attendees will have to find transportation to and from the convention hall.

Jamal and Amber want to use the best possible decision-making tool to help bring their group to a decision. Which method should they choose?

Answer 1

Jamal and Amber can plot a SWOT Matrix of both the decisions. This SWOT Matrix must be plotted side by side and must be done with the inclusion of other team members. SWOT Matrix would highlight the strengths, weaknesses, opportunities as well as threats of the 2 decisions. Each conference will have certain strategic importance for Jamal and Amber’s business. The choice must be made only on which conference will be more value adding for the business.

SWOT Matrix will enlist the

• Strengths of each decision which is actually the value adding aspects of the conference
• Weaknesses of each decision in which we highlight the constraints as well as relevance of each conference for business
• Opportunities of each decision as in the future benefits which can be capitalize upon by attending each conference
• Threats of each decision, highlighting the way each decision can serve to be negative for business

Advantages of developing SWOT Matrix:

• The strengths and weaknesses of each decision gets highlighted
• The core competencies of the business will get evident
• SWOT Matrix helps in analyzing the opportunities attached to the decision, which can impact the course of business in future

After developing the SWOT Matrix of each decision, Jamal, Amber and the entire team will have clarity of the value addition that each conference will hold for business. Accordingly they can make the decision in consensus.