Description
In this assignment you are to discuss any of the decision-making techniques you have learned so far in the course and how they might benefit your organization in maintaining a competitive advantage in the global marketplace. In this critical thinking assignment, you are to use real-life examples wherever possible.
Questions to consider:
How do the decision-making techniques help your organization to run more efficiently?
How might those decision-making techniques assist your organization in maintaining a competitive advantage that align with Saudi Vision 2030? Be specific.
Your well-written paper should meet the following requirements:
- Be 7 pages in length, which does not include the title page, abstract or required reference page, which are never a part of the content minimum requirements.
- Use APA style guidelines.
- Support your submission with course material concepts, principles and theories from the textbook and at least 4 scholarly, peer-reviewed journal articles.
Explanation & Answer
Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!
Running head: DECISION-MAKING
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Decision-Making
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Course
Professor
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DECISION-MAKING
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Decision-making
Decision-making refers to the action making choices between many available
alternatives. In this context, the decision involves a commitment of effort, time, raw materials
among others to a specific thinking action. The decision-making concept, therefore, is the
process involving selection of the best alternative course of action taken from various
alternatives that the management has after it carefully examined all the alternatives. The process
of selecting decisions is selective. The managers in organizations usually consider several factors
before selecting the best course of action. Some of the factors include time, organizational
objectives, working environment, nature of organization among others (Morden, 2017). The
process also requires the human input of rationalization. Decision-making must be in any
organization. A manager is the one that does the mental exercise in studying the impacts of the
course of action before they take a decision. The manager invests in knowledge, experience,
personal skills in studying the course of action from several angles. Thus, the decision-making
process is a commonality in all organizations and involves the human and rational process. The
decisions also made lean towards goal orientation. This concept is true since decision-making
focusses on the objectives of the organization. Making the right decisions contributes to the
achievement of predetermined objectives in the defined time. Organizations must have the ability
to make good choices. A wrong move will affect the whole company. It is vital for organizations
to know the weight involved in each decision made and to engage in continually improving their
decision-making skills. The Saudi vision 2030 contains several goals that an organization could
align with to be competitive in the global arena. The decision-making techniques exist to help
managers in making the right decisions. The decision-making techniques are a tool that will help
organizations make decisions and maintain a competitive advantage in the global marketplace.
DECISION-MAKING
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Saudi-Vision 2030
The Saudi-Vision 2030 is a long-term economic plan which encompasses the Saudi
Arabian economic blueprint. It is the country’s future vision. It entails both economic and social
policies that will free the kingdom from only depending on oil exports but instead, build a
prosperous economic future that focusses on its strengths and policies. The kingdom contains
several rich assets. Its economic advantages, demography, socio-culture, and geography all
enable the country to take a pole position in the world. Organizations that align their decisions
with the goals will stand a chance of being competitive with other companies in the world. The
Vision got based on three themes, ambitious nation, thriving economy, and vibrant society
(Foley, 2017). A vibrant society is crucial in the achievement of the Vision 2030 goals and in
building a strong foundation that will result in economic prosperity.
Organizations need to alig...