Question

Choose an organisation and a particular decision situation due to the current Pandemic.

Give examples using this context, of each step in the decision-making process(1. Clarify the decision problem, 2. Specify the criterion, 3. Identify the alternatives, 4. Develop a decision model, 5. Collect the data and 6. Select an alternative). This should include a summary of the nature and history of the company, Background elements of the decision selected and what circumstances have resulted in the decision needing to be made, he possible effects of the selected decision, if implemented and use of Quantitative data.

Answer 1

Let us take case of the association called "Safetol". This organization produces cleanser, fluid handwash and sanitizers.

Their significant item in the Indian market is Soap as very little individuals normally use sanitizers. Request of fluid handwash is likewise exceptionally less contrasted with that of Safetol cleanser.

Be that as it may, in the present pandemic circumstance there is an abrupt increment in the interest of sanitizers. Anyway the interest of cleanser is still nearly the equivalent.

It has been reviewed that the interest of sanitizers is multiple times than its stockpile.

The higher administration of Safetol took a choice on this premise. They will concentrate totally on the creation of sanitizers as the other cleanser organizations are as yet delivering a similar volume of sanitizers, Safetol will get an edge over them.

This can really hamper the creation of cleanser and fluid handwash however the administration was almost certain that they will get higher income as contenders are less in that area. Likewise the benefit rate is a lot higher on sanitizers.

This is the trade change they will make underway volume -

Prior - ( Soap - 60% , Liquid Handwash - 25% , Sanitizers - 15 % )

Creation after choice change -

( Soap - 40 % , Liquid Handwash - 30% , Sanitizers - 30% )

Potential Outcomes -

1. Safetol will develop as pioneer of sanitizer business. Consequently giving them first situation in the stepping stool.

2. A great deal of clients will begin utilizing cleansers other than safetol as the inventory will decrease.

3. As referenced above, benefit percent on sanitizers is substantially more than that of cleansers, Safetol will get higher income.