Strategic Decision-Making at Luxury Ltd Using Six Thinking Hats

This presentation delves into the decision-making process at Luxury Ltd, focusing on a potential £140 million investment in a hotel renovation project. It employs the Six Thinking Hats technique to analyze the situation from various perspectives: White Hat (facts), Red Hat (feelings), Black Hat (caution), Yellow Hat (optimism), Green Hat (creativity), and Blue Hat (control). The analysis considers factors like the post-Brexit economic climate, COVID-19 impacts, and market conditions. The presentation highlights the benefits and drawbacks of using the Six Thinking Hats method, ultimately concluding that the project's feasibility is questionable due to economic instability and resource constraints, suggesting a shift towards digital strategies. The presentation also cites relevant academic references to support its analysis. Desklib provides similar presentations and study tools for students.

PPT - English for Academic
Purposes, Research and Study
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Introduction
 The analysis skills in research plays crucial
role in professional development
parameters diversely, where investments in
new projects demand appropriate usage of
the best strategies and techniques.
 Presentation will be based on highlighting
the decision-making tactics adopted by
Luxury Ltd. and will reflect to provided
requirements in the case scenario.

Case scenario
 Discussion over investment of £140 million
or construct a new building is to be taken for
buying a specific hotel i.e. Luxury Ltd. that
forms part in heart of London with
spectacular views of Tower of London and
bridge.
 The case scenario further heads on profound
focus on considering variety of factors such
as state of economy, plan for using space
which will signify purpose strategically.

Usage of 6 hat techniques between meeting
with directors
 White hat (Facts): Looking at the problem, by analysing facts with white hat it can be understood
that, UK businesses have covered up the loss post Brexit.
 However, there has been also specific decline among company employees which could be impact
of COVID-19 regulations as imposed by the governing body the region..
 As per white hat, there is less scope for feasibility expansion on success parameters for competent
functional growth for success within project timely completion.

Red hat (Feelings)
 The analysis by using red hat, focuses on fact
that investment of £140 million is huge for
renovating hotel considering the specific
resources which will be used in it.
 Proposal is huge, and will not be strategically
fruitful keeping in mind fluctuating market
conditions and regular changes in consumer
behaviours.. Reflecting to high cost investment
in project, there would be high risk factor
involved which could possible put business
working under burden of losses.

Black hat (Caution)
 Analysis by using black hat, further focuses on fact
that there are various cautious parameters needed to be
kept in mind while further heeding with investment in
such huge project.
 As economy is entering cyclic downturn, and huge
challenges due to global shutdown the feasibility of
project success is very less.
 Due to less attractive specifics sage of appropriate new
techniques can be further costly for expanding
investment of project within construction of building.

Yellow hat (Optimism)
 The analysis by using yellow hat, further also specify that there are also new opportunities with
project construction where company stands for new long term proceedings for enhanced goodwill.
 Project can be successful, as long term leases are not there if business once starts getting good
positive return which is one of the major positive factor.
 There is further keen opportunity, to be successful by bringing digital platform for completing
project vital reach among stakeholders. This further also advances scope towards heading on wider
growth towards, for further successful expansion significantly and also advancing corporate
consistency targets actively

Green hat (Creativity)
 The analysis by using green hat, further focuses on fact that there is creative usage of new
technology and exploring new opportunities within business grounds.
 It can be analysed that company should be further heading towards building digital software, with
advanced new technology for creating engagement among workforce for larger scale working
consistency.
 As per recent time parameters, it can be analysed that there are various new competitive expansion
opportunities, where the adoption of virtual technology further plays keen essential role.
 Construction by adopting new digital platforms and usage of virtual technology will enhance
working efficacy significantly on wider horizons.

Blue hat (Control)
 The analysis by using blue hat, further signifies process factor where structural operational
consistency should be managed and project plan to further generate effective output.
 It can be also understood that as per blue hat factor, there has been significant focus on
analysing scope of project to be successful or not.
 It can be also further evolved that blue hat signifies that there is further less scope for project
to be successful.

Benefits using the six thinking hat
technique
 Benefits of using six hat thinking technique
can be understood to be highly crucial for
strengthening vital competent functional
growth variedly on strategic grounds rapidly.
 The analysis by using six hat technique has
been fruitful, for strategic competencies rise
towards productive work efficacy aspects
which further plays keen role for gaining
higher rapid growth.

Potential drawbacks
 The various drawbacks by using six hat thinking technique can be understood by analysing
problems and critical areas where the results are lacking efficiency.
 The six hat thinking technique has been lacking vision for potential effective consistency in
project, where the varied thinking ideologies may differ project to be further successful within
longer run.
 It makes project analysis to be complicated, and also challenging for further expansion diversely
towards strengthening wider practical goals in longer run.

Conclusion
 From the above analysed aspects in report, it can be concluded that construction project feasibility
holds less growth factor as within recent horizons' economy stability is at risk.
 Also physical stability, and lack of competent resources further needs to be evolved towards digital
pathways and integrate operative vision.
 As per analysis drawn from six hat thinking tools, potential analysis of various ideologies have
been done for attaining accurate results.
 The method has various advantages to enhance flexibility of project resources, and disadvantage of
time taking procedures.