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Decision Making Report 2022

   

Added on  2022-10-11

11 Pages2624 Words19 Views
Running head: DECISION MAKING
Decision Making
Name of the Student:
Name of the University:
Author’s Note:

1DECISION MAKING
Executive Summary:
This report is prepared to understand the process of decision making and to find the issues
related with the decision making process. Decision making is the process of making a choice
from the alternative options available. It is the conscious the process of selection of one
option from various available alternative options. This is very important because the success
of any initiative depends on the right choice of option or the right decisions. In this report the
business process of the Spotify Technology have been analysed to find out some of such
decision making complexities and recommendations have been made to make a solution to
those issues with a conscious decision.

2DECISION MAKING
Table of Contents
Introduction:...............................................................................................................................3
Brief Overview of the Company:...............................................................................................3
Business Process Analysis:........................................................................................................4
Issues Faced by the Spotify Technologies:................................................................................6
Solution and Decision Strategies:..............................................................................................7
Stock Market Analysis:..............................................................................................................7
Conclusion:................................................................................................................................8
References and bibliography:.....................................................................................................9

3DECISION MAKING
Introduction:
Business organisations are established with an objective of earning revenue and
making profit out of their operating activities. They have a predefined goals and objectives
which defines their mission and vision statement. To achieve those mission and vision they
do all those investing and operating activities which lead them towards achievement of their
mission and vision. In doing so, they have to make a decision in selecting a particular option
in various situations such as determining the internal business process, selection of the
investment option and various managerial issues (García-Peñalvo and Conde 2014). The
process of selecting one alternative from the available various alternatives is known as the
decision making. In this report the issues related with the Artists’ Royalty of Spotify and
increase in operating costs have been discussed and a recommendation have been made for a
better decision making to solve out those issues (Ingham 2019).
Brief Overview of the Company:
The Spotify Technologies S.A. was established in the year 2006 as a media service
provider in Sweden. The basic operating activity of the company is to provide its audio
streaming platform which is the main revenue generating activity for the company. They also
provide the DRM protected music and podcasts from various other record labels and media
companies (Spotify.com 2019). They have been operating their activities successfully since
its establishment and grown up their business with the conscious decision about their
business process and the efficient management strategies. In recent years some issues in their
operating activities and decision making complexities can be observed which have been
discussed in the following paragraphs of this report (Spotify.com 2019).

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