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PowerPoint Presentation Decision Making Factors influencing decisions making Comparison of previous and present data Things to be focused Outcome of the Analysis Challenges Challenges Launching new...

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PowerPoint Presentation
Decision Making
Factors influencing decisions making
Comparison of previous and present data
Things to be focused
Outcome of the Analysis
Challenges
Challenges
Launching new product
Recruitment
IT
Thankyou

3. Compare previous and present data influencing decisions making: Talk about challenges such as launching new product, recruitment, IT, etc.
The company has felt the need to improvise in their operations by making it efficient for the company to deal with the present market needs and demands. While the company was operating through physical
ick and mortar store, it is important for the company now to develop certain other prospects to make it equivalent to the needs of the post pandemic situation. With the new scenario prevailing in the market the company has aimed to make a shift from the
ick and mortar business settings to online business conduction. Therefore, the company has realized the need to collect differential data in order to induce sustainability to the business.
Myers has selected the five important aspects of business operations in order to keep their business focused on sustainability. As the functions of the company were required to be turned towards online experience, certain new data was required to be integrated in the operations. While comparing the two forms of data that was used by the company prior to building its online settings and after the same, certain important aspects would be highlighted through the discussion in the present part.
Launching new product: While launching a new product in the market to sale the same through online shopping, Myers had to be more attentive towards the need that has aroused in the market. In this situation it must be understood that the pandemic situation has changed the overall scenario of the market and the market has been more inclined to concentrate on the needs rather than luxury items. Therefore, one most important aspects data collection by Myers is to understand the commodities that would have raised demand in the market (van den Broek & van Veenstra, XXXXXXXXXXOn the other hand, while the company used to function from its
ick and mortar settings it could produce equal importance to all kinds of products like footwear, clothing, electronic appliances, etc.
Recruitment: While conducting business through the
ick and mortar model, the company Myers has to be more attentive towards the workplace safety functions. In contrary to the situation, the present online functioning of the company would require to wo
y less about the workplace safety measures in most cases as the number of workers working physically in the shop may decline. Therefore, while recruiting new individuals the company has to focus more on the qualities or eligibility of the employees to work online. The employees must be aware of the IT induced structure of functioning of the company and handle the IT infrastructure more fruitfully. On the contrary the recruitment factors were more dependent on the eligibility of the employees to conduct sales and move products physically to supply them to their customers. However, the recruitment functions must consider developing opportunity based functioning for example to be able to derive opportunities to hold credibility to help the customers to find the right products they are looking for. After the shift of the company in the online selling or e-commerce model, the hiring or recruitment functions should be based on the sound ability of the employees to handle online and technological functions (Kaptein, McFarland & Parvinen, 2018).
IT: The IT infrastructure of the company is required to be changed as remodeling is required to be done to meet the online functioning needs of the company. In an e-commerce structure the business should involved systems like a running supply chain which can be tracked real-time. Besides, warehouse management should also include real time tracking operations in order to ensure that the products status can be tracked without the risk of running out of the products (Peisl & Shah, XXXXXXXXXXSuch an infrastructure is also helpful for the company to reduce the number of workers working in a particular area owing to the pandemic situation. On the contrary the IT operations prior to the shift to online selling functions Myers was limited to money collection and updating procedures of daily sales.
References
Kaptein, M., McFarland, R., & Parvinen, P XXXXXXXXXXAutomated adaptive selling. European Journal of Marketing. Available at: https:
pdfs.semanticscholar.org/3050/8c0de10897faa343a8149e61595a06a718b5.pdf
Peisl, T., & Shah, B. (2019, September). The impact of blockchain technologies on recruitment influencing the employee lifecycle. In European Conference on Software Process Improvement (pp XXXXXXXXXXSpringer, Cham. Retrieved from: https:
link.springer.com/chapte
10.1007/ XXXXXXXXXX5_54
van den Broek, T., & van Veenstra, A. F XXXXXXXXXXGovernance of big data collaborations: How to balance regulatory compliance and disruptive innovation. Technological Forecasting and Social Change, 129, XXXXXXXXXXRetrieved from: https:
www.sciencedirect.com/science/article/pii/S XXXXXXXXXX


XXXXXXXXXXCase Study Presentation and Report
Subject Code: MGT602
Subject Name: Business Decision Analytics
Professor: Mr. David McDonald
Submitted By: Group 8:
Kulbir Kau
Harsh Kamlesh Farkunde
Akash Gundla
Jagadeesh Reddy Jakkireddy
Nitish Kapoo
The
ief
Decision making is known as a possess that is more or less rational or i
ational and is generally based on tactics, knowledge and believes. The typical decision process involves identification of the alternatives, gathering of information, identifying problems, choosing among the alternatives and monitoring the result. The assignment is based on the decision making preferences within company Myers for improving the productivity and to ensure sustainability. This assignment depicts the challenges faced by team members due to their decision making preferences for company Myers in regard to improve the productivity with different tools and techniques which helped in selecting the alternatives for their benefits. The assignment includes details description about MYER's challenges in cu
ent market scenario for improving the productivity as well as considered situational analysis. The decisions made by company is based on consumers, business and for the benefits of a company. Different style and tools of MYER that will be highlighted in the report along with techniques and technology used.
Aim of the study
Decision making strategy and tool can help company to prevent possible future uncertainty. However, this report is going to examine the decision making preferences and the methods company performed of utilizing the data and strategy effectively in order to overcome with difficulties for ensuring the sustainability of a company and to improve the productivity by considering all the facts.
The scope of the study
Decision making occurs at every level of an organisation, which helps in advancing in pyramid life fashion from the decision that is made every day by the lower level to upper level members of a company. There are various kinds of techniques that are used by the manager’s by which they can choose the best solutions and make decision on the basis of it. A major part of decision making involves analysing the finite sets of alternatives that is described in terms of evaluative criteria. The major issues company faced is relate to impact of decision making and preferences for launching new products, recruitments, cu
ent pandemic situation as well as in IT sector.
Key research questions
1. Critical decision making challenges faced by Australian company named Myers?
2. What are the decision making preferences of Myers?
3. Decision making tools and techniques used by company to deal with challenges?
4. What are the alternatives and situational analysis to ensure the sustainability of a company?
Summary of team diversity
In order to achieve organisational goals, in all the departments and groups within Myers have their mentors to motivate. Dedication of Myers to diversity is expressed in the way they act, function as well as involve one another. They are dedicated towards creating safe and inclusive atmosphere whereby leaders of a team are motivated to fulfil maximum capabilities which elicits company's effective utilization of decision making preferences.
Literature review on teams and decision making
Multiculturalism is a part of industry nowadays while people with various backgrounds indulge in decision making process
ings opportunity for a company to gather information from various ideologies, perceptions as well as conclusion. Hence, decision making conveys preferential variance as well as preferences towards risk. The evaluations of various qualities in situations of real life provides qualitative as well as quantitative details while qualitative details of company's rational choices is inclined towards maintaining balance, deal with rivalry and market as whole. In rational decision the business requires to recognize the issues then gather relevant data in order to produce alternatives and assess them. All the task of rational decision making required to fulfil in order to lead business efficiently and achieve desired organisational goals. Decision making and preferences helps company to understand the behaviour of a person during recruitment process as well as implementing critical decisions and forming strategy for launching new product in market with help of decision making tools and techniques.
Interpretation of selected data
The decision making process and preference of the company includes serving the needs of customers, company, prioritising safety and compassion in maturing the office. It includes representation of data through graphs and symbols that helps stating the importance of decision making process for organisation. Through this it can be determine that use of different tools and techniques is crucial for making effective decision into the business. Therefore, through this it can be stated that the decisions making process is an important component that helps in making the critical decisions in the business. In addition, the decisions making process is an important tool for a company as it can help in achieving the goals and eliminate uncertainty of the business.
Challenges of Myers
The company has felt the need to improvise in their operations by making it efficient for the company to deal with the present market needs and demands. While the company was operating through physical
ick and mortar store, it is important for the company now to develop certain other prospects to make it equivalent to the needs of the post pandemic situation. With the new scenario prevailing in the market the company has aimed to make a shift from the
ick and mortar business settings to online business conduction. Therefore, the company has realized the need to collect differential data in order to induce sustainability to the business.
Myers has selected the five important aspects of business operations in order to keep their business focused on sustainability. As the functions of the company were required to be turned towards online experience, certain new data was required to be integrated in the operations. While comparing the two forms of data that was used by the company prior to building its online settings and after the same, certain important aspects would be highlighted through the discussion in the present part.
Launching new product: While launching a new product in the market to sale the same through online shopping,
Answered Same Day Jul 28, 2021 MGT602

Solution

Sudipta answered on Jul 28 2021
132 Votes
PowerPoint Presentation
Decision Making
Factors influencing decisions making
Comparison of previous and present data
Things to be focused
Outcome of the Analysis
Challenges
Challenges
Launching new product
Recruitment
IT
Further explanation of the challenges is described in the following slides.
3
New product launch challenges
People will think a multiple time before investing money into a product
Management team need to understand and priorities of products according to customer’s need
Launching of the new product is one of the major issues that is going to be faced by the company ‘Myers’. The issue will become...
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