Southern New Hampshire University Decision Making Tool Matrix

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QbyylO

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Southern New Hampshire University

Description

Decision-Making Tool Matrix: For the first step in creating your matrix, you will identify tools based on the critical decisions provided by the executive director. To begin, review the critical decisions, and choose tools that might be used to inform decision making in each of the relevant functional areas. As you identify these tools, be sure to select a variety of data and technology tools, to provide the Exotic PetSavr employees and partners with options. Add these tools to your matrix.

Determination: Now that you have identified the tools, you will determine a rating for each tool or technology by determining the tool’s relevance to the scenarios. Because many of the employees and partners are in need of business training, they need more information about the justification for 10 of your evaluations. Thus, once your matrix is complete, choose 10 individual evaluations (cells in the matrix) that might be useful to explain to the organizational member. You should include the following in your determination:

  • Describe the process and output of each tool regarding decision making. This familiarizes the PetSavrs with the tools themselves.
  • Determine the rating of each tool in the matrix by determining the relevance of the tool to each scenario.
  • Be sure to justify each evaluation.
    • Include all tools incorporated into the matrix and all critical issues at least once. Remember, the PetSavrs need to be able to fully understand your work.
    • Include all ratings so the Exotic PetSavr employees and partners can understand your full thought process.
      • Indicate whether each tool is not applicable (n/a), good, or great in relation to each scenario. Keep in mind the businesspeople may need to purchase or be trained in these, so make sure your evaluation is accurate!
    • Each bullet should include a brief justification for its evaluation. This way the PetSavrs can learn about your thinking in a way that promotes their own understanding of the tools and issues.

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Explanation & Answer

Attached.

Decision-Making Matrix Template
Your decision-making matrix should include 7 to 10 tools and decisions.
Tool

Market Research

N/A

Good

Great 1

N/A

Determining the
financial
implication of
each alternative
N/A

SWOT Diagram

Great 2

Good

Good

N/A

Good

Decision Matrix

Good

Great 3

Good

Good

Good

Cost-Benefit
Analysis

N/A

N/A

N/A

Great 4

Great

Great

Good 5

N/A

N/A

Good

Pareto Analysis

N/A

Great 6

Great

N/A

Good

Feasibility Study

N/A

Great

Good 7

N/A

Great

N/A

Great

Good

Good

Great 8

Good

Great

Great 9

N/A

Good

Great 10

Good

Good

N/A

N/A

T-Chart

Break-even analysis
Decision tree
Ishikawa Diagram

Firing an
underperforming
employee

What strategic
decision to take

Development of
brand awareness

Comparison of the
financial
statements

Additionally, include a bulleted list that explains at least 10 of the evaluations, each of which should be short to be concise and clear.

1. Great


Market research is a great decision-making tool to use in the development of brand awareness.
➢ The initial step is to define the situation at hand.
➢ Second, collect information about the current demand of the brand.
➢ Then, analyze the market condition, potential clients of the brand.
➢ Use the results of the analysis to decide on whether the brand will meet the market projection of the company
(Zimmermann, 2016).



The partner should use the outcome of the market research to determine the action to take on the idea of connecting with male
exotic animals ages 18 to 34.

2. Great


The tool used is the SWOT Diagram in the making decision on whether to fire an ...

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