Decisions in Paradise Business
The decision-making process is not a static process (Strickland, 2011). It is a dynamic process, which do not stop once the decision-makers have identified the best courses of action from a pool of alternatives. A decision cannot be said to be successful until it is implemented, and positive outcomes are realized from the implemented decision. Implementation of a decision not only requires the input of individuals involved in the decision-making process, but also requires the input of all stakeholders who are affected by the decision to be implemented in one way or another (Strickland, 2011). In Paradise business scenario, Nik and Chris went through the decision-making process, and identified the most suitable courses of action to enable their company achieve a strong establishment at Kava. The decision arrived at was to establish a sugar processing factory, where the company will lure farmers at Kava to supply their sugar canes to the factory by offering them farming inputs at subsidized cost, and buying their sugar cane at higher prices compared to prices offered by intermediaries at Kava.
One of the factors that will affect implementation of this decision is the support of other employees in the company, where Nik and Chris works. Nik and Chris recognize that this decision will affect the day-to-day operations of the company, including the duties of almost all employees in the company. It is not always easy for a decisive judgment to be made straight away on the approach of a certain issue, especially when such an issue is new to an organization (Wicks, 2011). In many instances, executives involved in implementation of a decision require convincing the employees that the decision at hand is important; both to the organization and to them, and that it will not affect their work, work duration, or compensation in the organization. Therefore, as the executives in the decision implementation process, Nik and Chris will have to garner the support of all employees who work within the company. Implementation of a decision without enough support from all employees within the company may result into possible walkouts or strikes, thus destroying the company’s reputation both in the home country and in Kava, as well as its services to the customers.
The manager(s) involved in the decision-making process do not usually undertake the implementation process alone (Wicks, 2011). In many cases, the shareholders and other executives in the management team are involved in the implementation process. This is also likely to affect Nik and Chris as they implement the selected decision. Presence of shareholders and other management personnel in decision implementation process causes the process to take longer time because all the parties have to deliberate their views. For instance, top-ranking management personnel might hold different views concerning how the decision should be implemented. On the other hand, the shareholders might also have different views concerning the implementation approach. This can even be worse when the key parties in the implementation process have different views from those held by other parties in the implementation process. As a matter of business ethics, compromises may have to be made to allow the parties involved in the implementation process identify a unanimous approach. Certainly, this takes a lot of time, thus affecting the time required to implement a decision (Wicks, 2011).
Another variable, which is likely to affect the decision implementation process, is whether other alternatives are available (Wicks, 2011). If management wants to made decisions concerning how overheads are to be allocated or lowered, then the decision being implemented is likely to be delayed as the alternations are pursued. To ensure success in the implementation process, Nik and Chris should embark on exploring all the possible alternatives for implementing the decision selected.
One of the resources that Nik and Chris will require when implementing the decision is financial resources (Waldron et al. 2010). Financial resources are some of the most critical resources, required when implementing a decision. Decision implementation of course involves putting the solutions identified during the decision-making process into actions. This may require hiring of additional staff, equipments, experts, and sourcing new raw materials. Financial resources are required to cover for the costs incurred in implementing a decision. In Paradise business scenario, Nik and Chris will require financial resources to hire land for building the factory, to equip the factory with the necessary processing plants, and hire new/additional employees. Land is also another resource that Nik and Chris will require when implementing this decision.
Another resource that will be needed in implementing the decision will be time. Just like finances, time is also an important resource in decision implementation process. Nik and Chris will need to develop a schedule where all activities involved in the implementation process will be allocated appropriate time for completion. A time schedule acts as a guide for indicating what is supposed to be done and at what time (Waldron et al. 2010). Nik and Chris will also need to develop an action plan for implementation of the decision. This will involve developing a schedule indicating the activities to be undertaken, the individuals responsible for the activities, resources required to complete each activity, and the period for completing each activity. This will be helpful when monitoring the progress of the implementation process (Waldron et al. 2010).
Implementation of this decision will require deliberation of the opinions of different stakeholders. The stakeholders involved in this decision include the government of Kava, citizens of Kava, employees, and shareholders of the company. Given the diverse nature of the stakeholders involved in this decision, the company will have to consider the ethical implications of its proposed decision to each an every stakeholder. To accomplish this, the company will have to undertake a feasibility study of the proposed decision, putting into consideration the likely effects of the proposed solution to all stakeholders. Actually, the company will have to minimize the possible negative implications of its proposed decision to all the stakeholders involved. In addition, the company will have to observe business ethics that govern business operations at Kava.
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