To demonstrate some of the tools and resources that can improve decision-making, a case study will be examined and serve as an example for applying these tools to an actual scenario. This clinic provides care to Medicaid clients and the challenge to management Is to Identify the clinical services that should be eliminated or Introduced to best address this population. The decision-making tools used to address this challenge as well as the rationale for their use will be addressed in rather detail. Starting the Decision-making Process With rising healthcare costs and the current state of the economy, it is not surprising that this clinic is forced to reduce their budget. Because the organization has decided to finalize the budget cuts, a number of decisions need to be made on how to achieve this goal and best maintain the level of care It currently provides to their Medical clients. Randall et al.
Management Decision Making - Case Study Example
Managerial Decision Making Case Study | autism-bg.info
Please join StudyMode to read the full document. There is a growing list of competitors in the area who are offering lower prices dramatically increasing competition. In order to increase sales I have created an analysis of the situation and will be implementing a new sales plan effective next week. Although the sales team at our St.
Decision Making Process Case Study
Failure to anticipate change can be fatal. As any chess player, military strategist, or athlete can tell you, being anticipatory gives you great competitive advantage. But what is the secret to developing anticipatory prowess, and how do you use it to gain strategic advantage? These are key questions that all organizations face, whether businesses, schools, government agencies, or community groups. In a complex and rapidly changing society, being anticipatory and gaining strategic advantage requires sophisticated intelligence-gathering techniques, new models of decision making, and ways to judge the results.
Decision making is crucial for running a business enterprise which faces a large number of problems requiring decisions. Which product to be produced, what price to be charged, what quantity of the product to be produced, what and how much advertisement expenditure to be made to promote the sales, how much investment expenditure to be incurred are some of the problems which require decisions to be made by managers. The first step in the decision making process is to establish the objective of the business enterprise. The important objective of a private business enterprise is to maximise profits. However, a business firm may have some other objectives such as maximisation of sales or growth of the firm.