Decision making Process
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Decision making Process

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How to make correct decision in logical manner when there are so many alternatives.

How to make correct decision in logical manner when there are so many alternatives.

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Decision making Process Decision making Process Presentation Transcript

  • Secrets ofThe Success
  • Decision Making
  • What is Decision Making???“It is the process of Selecting The Best Solution Among Alternatives in order to solve a problem.”
  • Process of Decision Making EvaluatingIdentification Analyzing alternatives Implementation causes Developing of alternative & & for situations Problem problem Selecting the Feed back best method
  • 1 ST S t e p
  • Identification of ProblemWhich sort of a food corner should be opened in thefood court in Bambalapitiya
  • 2 nd S t e p
  • Analyzing Causes for the Problem The large number of food outlets that provide different kinds of foods, already established in the food court.
  • 3 rd S t e p
  • Developing Alternatives A Pizza Shop Ice Cream Stall Halal Food Corner Coffee Shop
  • 4 th S t e p
  • Evaluative Alternatives 01. Pizza ShopPros: Cons: At present there is a good  Formidable competition demand.  Have to create our own High profit per unit. image which is not second to Pizza hut  Have to bear high promotional cost
  • 02. Ice-cream StallPros: Cons: High demand among  High competition every range of age E.g. Roots Can be provided under  Decreasing of demand an affordable price due to some seasonal changes Can provide various kinds of ice creamE.g. Ice-cream Flavors such as, Chocolate & VanillaAdditionally providing sweetness like trickle & chocolate syrups
  • 03. Halal Food CornerPros: Cons: High demand  Limited into a specific market segment Low extended availability  High cost Have a good trend  Enclosed with Relatively low competition sophisticated procedure
  • 04. Coffee HousePros: Cons: High demand  Requires a certain amount of advertising & promotions Popular among every range of age in any country  Threads from other organizations. E.g. Coffee Beans & Barista Low production cost High sales from customized products that suit any customer need.E.g. Diabetics, young & working crowd
  • 5 th S t e p
  • Selecting the Best Method Coffee House
  • 6 th S t e p
  • Implementation & Feedback
  • GREEN MOUNTAINCOFFEE HOUSE “My Blood type is coffee”
  • Our Products  Kids Oriented Products  Lovers Oriented Products Exclusive Market Segment Oriented
  • Kids Oriented Products
  • Lovers Oriented Products
  • Exclusive Market Segment Oriented
  • Our Working Environment