Effective Decision Making Report - Apple Inc
Added on 2020-07-22
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Effective DecisionMaking
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Review several business issues where decisions are required..........................................11.2 Review the information for business issues where decisions are needed........................3TASK 2............................................................................................................................................52.1 Process for obtaining business issues and identify the advantages and disadvantages ofexisting approach ...................................................................................................................52.2 Take decisions which are based upon information...........................................................82.3 Recommendations to improve decision making process .................................................8TASK 3............................................................................................................................................93.1 Communication plan for oversee new approaches of decision making...........................93.2 Develop measures to evaluate the effectiveness of decision making ............................12CONCLUSION..............................................................................................................................13
INTRODUCTIONDecision making is an imperative part of business management; it can be seem asprimary function within organisations. In order to achieve goals and objectives of the firm, it isessential for managers to take effective decisions. It plays an eminent role in order to manageworking activities and operations. Along with this, decisions can be refereed as course of actionthat are chosen from various alternatives for accomplishment of company's vision and mission.Furthermore, decision making a continuous process; it is a crucial elements which assists inmanaging working activities. Organisational decision are made up in order to sustain businessfunctions. Managers of commercial entities make various determinations, i.e. for improvingperformance level of staff members, providing training and development sessions to employees,hiring new people etc. Some decisions can be changed on the demand of situation whereas somedecisions cannot be modified (Allen and et. al., 2012). The present report is based upon AppleInc., it is the largest multinational technology company which develops or design electronicservices and computer software. These are the famous products of the company, such as- IPhone, iPad, iPod and Mac personal computer. Apple was founded in 1977 and its headquarter isin California. It serve its products and services in all over the world; the annual sales revenue ofthe firm is US$215.639 billion. Apart from this, the report will be describe several businessissues where effective decisions must be taken. The document states that decision makers have toobtain relevant information so as to resolve business issues in an effective manner. Readers willalso come to know that how to improve the decision making process of the company. There willbe explained a plan for oversee new approaches of decision making. The assignment alsoenlighten some measures so as to take effective decisions. TASK 11.1 Review several business issues where decisions are requiredIn this competitive environment, there are various issues and problems that are beingfaced decision makers. These problems not only affected firm productivity even it createsnegative working environment at workplace. As a multinational firm, Apple is continuouslyfacing several changes due changes in external environment (Anderson and et. al., 2015).Decision makers have to identify certain solutions which can address these barriers. They alsoaffect the vision and mission of refereed business organisation. Business can be generated fromchanges in employees' as well as customers demands, new entrants, competitors. In addition,1
corporate issues are also affected on resources and brand image of the company through whichits financial position also goes down. There is described certain common problems and issues ofbusiness entities :- Due to uncertainty in global environment, managers are faced many problems. There arecertain laws and legislations are also affected decision making process of the company.On the other hand, uncertainty can be related with market competitors, new technologies,customers perceptions, employees' detainment etc. The bottom line is that uncertaintywhich leads short terms issues (Arnold and Boggs, 2015). Another issue is globalisation which bear on long term planning of companies.Recognising foreign cultural is must for decision makers but it needs strong leaders whocan penetrate new markets with their existing products and services.Lack of communication in staff member is also a major issue. It states that managers haveto make an interaction with their employees so as to make effective decisions. If thiswould not be done then, it will generate misunderstanding and further many issues withinworkers. Further major challenge for business organisations is assessing and mitigating risksinvolving financial and human capital. Sometimes it is too difficult for managers todetermine future risk and those factors which will affect their organisational performanceand productivity in target market (Baron and Brown, 2012). Lack of managerial and leadership skills is also another issue of business entities. Suchemployees cannot gives high contribution in growth and success of company. Below mentioned two major issues of Apple which is being faced by it: - Communication barrier – Lack of communication is one of the main reason whichgenerates issues and misunderstanding among staff members. If employees of Apple will not beinteract with each other then they cannot share their ideas and thoughts. In a multinationalbusiness entity, there are cultural people are worked, all of them have different languages, valuesand beliefs. In term of customers, if a firm is not communicated with its target customers then itcannot understand their needs and wants in systematic manner. Healthy public relations are thenecessity of growth and survival in global environment. Apple is served its services in all overallthe world, it has many multinational customers. But due to long distance, it is not capable toknow buyers' desires and wants; this might be reduces company's sales and profits. Customers2
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