Running Head: DECISION MAKING AND PROBLEM SOLVING
Decision making and problem solving
DECISION MAKING AND PROBLEM SOLVING
Decision making and problem solving Worksheet
Step 1: Clarifying the questions
What kind of business should he venture in?
Talal could analyze and evaluate the kind of business he wishes to start. This will involve
several factors such as the amount of capital required and type of market he wants to serve, the
size of his business, the product of his business including the number of his employees or if he
will have to start as an individual.
Should he start traditional or e-commerce?
Talal should research about the two types of business analyze them in details highlighting
the merits and limitations of each business. After analyzing the pros and cons, he should be able
to make critical decisions basing on the benefits of each business. Since he knows e-Business and
e-marketing, he should be able to make the decisions faster, the same way his family can provide
him information on the traditional business.
Should he join his family’s business or start his own?
Joining the family’s business can be an easy thing to do here since he wouldn’t start from
scratch, but he should evaluate what good will it add to his knowledge. He has a master’s in
business, he should use it we...
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