Business Decision Making: Analysis, Findings & TUI Group Strategies

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Added on  2023/04/03

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This report provides an analysis of business decision-making within TUI Group, emphasizing the importance of appropriate skills and knowledge for employees in making informed decisions. It highlights the impact of business leaders' decisions on the company's success, consumers, staff, and the market. The report underscores the need for TUI Group employees to utilize relevant survey methodologies for accurate data collection and evaluation, suggesting the use of random sampling methods. Key findings include the importance of employees using appropriate knowledge and skills, improving the quality of facilities, and increasing the number of tourist destinations to attract and satisfy visitors. Ultimately, the report stresses the significance of delivering excellent services and facilities to achieve success in a competitive market.
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Business Decision Making
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Introduction
In making the appropriate decisions the employees
have to use appropriate skills and knowledge. Business
leaders have to make so many decisions for the
betterment of the entity and it having a influence on the
success of firm in the competitive market. Sometime
these decisions which are taken by the business leaders
have an impact on the consumers, staff members as
well as in the market also
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3.3 Analysing and finding using appropriate software
tools
The employees of TUI Group have to use appropriate
and relevant survey methodology which helps in
gathering and collecting the actual information. Along
with this they have to evaluate the data by using the
correct technique. The staff members have to use
random sampling method which will succour in
gathering or collecting the accurate data.
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Continue
The staff members and managers of TUI Group
have to have to take care of their services users
and also deliver the best services as well as
facilities to them so that company will attain the
success in the competitive market.
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Findings
Some of the findings which are to be included in this:
While providing the services, employees of TUI
group have to use appropriate knowledge and skills.
Quality of the facilities which they are delivering
should be improved.
The employees have to increase the number of the
different tourist destinations which will help in
attracting large number of visitors. Along with this it
also assist in providing the satisfaction to them.
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References
Fassin, Y and Buelens, M., 2011. The hypocrisy-sincerity continuum in
corporate communication and decision making: A model of corporate social
responsibility and business ethics practices. Management Decision. 49(4).
pp.586-600.
Ford, R. C and Richardson, W. D., 2013. Ethical decision making: A review of
the empirical literature. In Citation classics from the Journal of Business
Ethics. pp. 19-44. Springer Netherlands.
Frey, D., Schulz-Hardt, S and Stahlberg, D., 2013. Information seeking among
individuals and groups and possible consequences for decision-making in
business and politics. Understanding group behavior. 2. pp.211-225.
Gabrielsson, P and Gabrielsson, M., 2013. A dynamic model of growth phases
and survival in international business-to-business new ventures: the
moderating effect of decision-making logic. Industrial Marketing
Management. 42(8). pp.1357-1373.
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