Describe how you would handle the decision making process in
the following scenario: You and a close family member have decided to open your
own retail clothing store. You have equal investment risk, but different skill
sets that bring a well-rounded approach to the overall business strategy.
Critical business decisions must be made and as with any business there are
times when partners do not agree. Write a 2 page paper (not including cover
sheet and reference pages) describing the business decision making process and
how conflicts would be resolved for launching a controversial line of clothes.
Your paper should include the following:
is the decision making process normally used by you and family member?
there one person responsible for the new line of clothes or accessories
due to their experience and skill set, or are decisions mutually agreed
how the conflict would be resolved with you wanting to launch the clothing
line, while your business partner does not.
would the decision-making process help resolve this conflict?
Consider the special challenge of working to make a company
decision with family involvement.