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22 August, 05:12

You are a manager of a firm that manufactures conventional ovens. Over the past several years, sales of many of your products have declined; this year your losses may be quite large. Using the steps of the decision-making process, briefly describe how you arrive at a strategy for correcting the situation.

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  1. 22 August, 06:29
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    Using the steps of the decision making process, I will start with identifying the decison, gather information, identify the alternatives, weigh in evidence, choose the one that is relevant, take action and review my decision.

    Explanation:

    Step 1: Identify the decision: The decision in this case is the strategy for correcting decline in the sales of conventional ovens or strategy for increasing the sales of conventional ovens.

    Step 2: Gather relevant information: this step will involve a thorough research to find out why sales declined, our competitors strength, how to break even and increase sales.

    Step 3: Identify the alternatives: I will draw a list of alternatives based on the research carried out that will increase our sales going forward.

    Step 4: Weigh the evidence: At this stage, I will compare the options to check its viability.

    Step 5: Choose among alternatives: this is the stage where we I will arrive at a decision on which option to use.

    Step 6: Take action: At this stage, execution takes place.

    Step 7: Review: This is the evaluation phase that gives room for checks to determine the pros and cons of the decision taken.
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