Effective Decision Making in Business

Assignment

Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
MAIN BODY..................................................................................................................................2
Proposition to make effective decision in business.....................................................................2
The business model Canvas.........................................................................................................5
PESTEL Analysis........................................................................................................................6
Business Proportional canvas model.........................................................................................17
CONCLUSION..............................................................................................................................18
REFERENCES..............................................................................................................................19
Appendix........................................................................................................................................21

INTRODUCTION
An effective decision-making is defined as a process through which alternative selected and
then managed through implementation of various activities. In order to achieve the business goal
and objective. In another way, it will be clearly defined the suitable element that can handle in
distinct sequence of necessary steps. The documentation will described about the effective
decision how it will be used by successful entrepreneur. It will be identified the possible benefits,
advantage that always support for improving the overall business capabilities and abilities.
Furthermore, it is mainly focused on the business idea related the car washing service in order to
create an effective plan for identifying essential need and requirement of client. The
documentation will describe about the essential resources or parameters that always support for
achieving the organizational goals.
MAIN BODY
The effective decision
In Soapy Rides, An effective do not make a great many decision. They always focused on
the important thing which help for enhancing overall business capabilities. In order to make few
important decision on the highest level of conceptual understanding. Initially, Executive may
find out the constants in a situation and also thinking about the strategic, generic rather than
problem solving (Yun, Zhao and Jung, 2020). Therefore, peoples are not impressed by speedy
decision but they can impress with technique how an effective decision will resolve issue or
problem. Within global marketplace, Soapy rides know when decision has to be considered as an
important principles. It should be made with pragmatically. Executive know that the most time
consuming phase in the process of decision making. Unless, decision has been regenerated on the
basis of current working situation. This means that effective decision itself is based on the higher
conceptual understanding and putting action commitment. Sometimes, it should be closed to the
possible capabilities of successful entrepreneur who have to carry it out.
The effective decision maker such as entrepreneur which always consider the
fundamental event and implement suitable strategies to handle the current business operation and
function. It can be possible when using an appropriate the plan that provide right direction
towards the organizational goal and objective.
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MAIN BODY
Proposition to make effective decision in business
Soapy Rides is been engaged in expanding their market by making effective decisions and
implementing effective business plan. They want to become prominent hand car washing service
provider. The company has been engaged in making a plan related to car washing. Entrepreneur
of Soapy Rides has been involved in making better decision so that their business can be
expanded and also profitability can be earned by them. It has been analysed that the firm will be
engaged in providing consumer with the three types of services. They will be involved in
providing exterior car washing, interior cleaning and detailing (Lam, 2018). Entrepreneur will
also be engaged in analysing the external and internal factors when making the business plan for
car washing. They will also be engaged in analysing the needs and demands of employees
working with them so that problems in firm can be solved and also better decisions can be made.
This will help Soapy rides in enhancing their operational efficiency as well as profitability.
It has been analysed that some decisions are more influential on your overall business
processes, but some of them are small decisions without significant effect on your business as a
whole. Soapy Rides entrepreneurs will also be engaged in making sure that high quality car
washing is been provided to consumers so that they will be able to enhance the customer
satisfaction. This will also help them in making their business more successful. It will help firm
in growing and achieving their goals and objectives. In order to promote the services Soapy rides
will be involved in providing the car washing services at an affordable price. These decisions
will help entrepreneurs in gaining competitive advantage and also they will be able to make their
business plan a success. Company will also be involved in making use of various promotional
techniques such as social media marketing, digital marketing, and advertisement through print
media. The entrepreneurs will be involved in marketing the services on Facebook, Instagram.
This will also help them in creating cost efficiency. This will assist firm in growing and
achieving objectives. In order to make more effective decisions business plan of Soapy rides will
include all marketing mix strategies such as product, price and promotional. This will help
entrepenuer in making more effective decision and enhancing the managerial performance of
company. Manager of soapy rides will be provided with the task of decision making. All
decisions related to hiring of skilled and talented employees will be made by them. They will
also make decisions related to implementation of Budget. Soapy Rides manager will make sure
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that cost efficiency has been achieved by them. This will help the firm in increasing the sales of
their car washing services. It will also assist in attracting more new consumers. Effective
decisions will also help Soapy Rides in enhancing their productivity.
They will be also be engaged in doing market research so that better information can be
collected by them. Information related to techniques used for car washing by competitors will be
gathered. This will help firm in gaining competitive advantage. The decision making process of
Soapy Rides will include the collection of information. In this they will be involved in knowing
about the trends adopted by other firm. Entrepreneurs’ after collecting relevant information will
also be engaged in identifying the alternatives. In this they will ensure that if one strategy related
to business plan does not work than what will be the other alternative. This will help them in
saving their firm from any problem. The main strategy is to lower the price and provide
consumers with exterior as well as interior cleaning of car. They will also be providing these
services at door to door. This is the fundamental strategy. In this Soapy Rides needs to make
clear all roles and responsibilities of each member working with them. This will assist them in
achieving the set target and making their business plan a success. It will help firm in growing.
The exclusive decision can be made by entrepreneur can be related to quality. Quality of service
can be enhanced by Soapy Rides through providing training to workers.
Effective decision-making process and how will decision be made
Decision-making is a process of making choices by identifying the suitable decision,
gathering or collecting information and assessing alternative method for resolution. The
entrepreneur is adapting the decision-making process that can help make more deliberate,
thoughtful decision by conducting relevant data (Amasawa, Shibata and Hirao, 2020).. On the
other hand, it also considered the approach for increasing the chance that will select another
possible option. In order to satisfying the business establishment goal and objective.
There are different types of decision making process that provide facilities to make better
decision in business enhancement. So as require to follows some necessary steps and make an
effective decision.
 Identifying the decision: it is an initial step that help for identifying the important
decision related business development. Before starting the business, it should be
consulted with team members, executives and other managers. A successful entrepreneur
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will try to interact with other team members and then make decision. It is an important
for identifying opinion, view point of every one. As reach to the final conclusion.
 Gather relevant information: Before make decision, it is an essential thing to gather or
collect the pertinent information. In this way, it become easier to understand the
requirement of information and find out source where it will get it. This process is
involving both external as well as internal work (Brettmo and Browne2020). Some
information also related to the internal where they seek it through process of self-
assessment. Another information is that when it can be finding through online, books.
 Identify the alternatives: As entrepreneur collect or gather information, it will probably
identify the various possible path or action. So that they can provide the option to choose
best direction. It is also important for business expansion. In this way, it can be used the
imagination as well as additional information to construct new possible alternative. It
help for listing the possible as well as desirable alternative.
 Weigh the evidence: In this process, it has been drawn the information and emotions that
can be imaged when it would be like if carried out each every option. Sometimes, a
successful entrepreneur evaluate the initial step to resolve the issue with the help of
alternative option. As it move towards the internal process to reach the significant goal
and objective. At last, it should be placed the alternative in priority(Amasawa, Shibata
and Hirao, 2020). .
 Select among option/ alternatives: Once if entrepreneur have weighted all the evidence
and no ready to select for further business expansion. they mainly focused on the
combination of alternative. It may very likely be similar to alternative and handle the
current situation or condition.
 Take action: Afterwards, it is now ready to take some positive action by implementing
alternative options.
 Review decision and identifying its consequence: It is the last step where consider the
result of particular decision and also evaluating the resolve issue. It is very important to
make decision while achieving the goal and objective.
As per discussion, it can be implemented an effective decision which always support for
increasing the business profitability and productivity in marketplace.
The business model Canvas
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