Running header: Critical Thinking: Strategies in Decision Making

Decision in Paradise, Part 2 Karen R. Walter MGT/350 April 24, 2013 Instuctor Gerie Smrcina

Critical Thinking: Strategies in Decision Making

Introduction Decision making is an imperative procedure and encompassed numerous aspects, which in turn help the organization to successfully evaluate several options and execute them in an effective manner. The procedure of decision making is affected by several elements such as personal behavior, political, social, technological, and economic elements. This process entails diverse steps such as defining objectives, evaluation of alternatives, and selection of best alternative. Decision Making Technique for Establishing Presence in Kava Walgreens Company desires to establish its existence in Kava and for this, Walgreens needs to implement a decision making technique so that a suitable resolution for establishing existence in Kava can be firm. Walgreens need to implement a sensible idea of professional decision making as this procedure has its origins in the financial theory of the firm. With this decision making procedure, the business will be able to discuss a sensible decision, regarding its business in Kava. With the implementation this procedure of decision making Walgreens will be competent to have all the pertinent facts required to make an ultimate decision of instituting its existence in Kava or not. Furthermore, these decision making procedures Walgreens executives will be cognizant of diverse potential alternatives, effects and consequences and therefore make a sensible decision. For analyzing Kava as a next target of the corporation, Walgreens need to apply the selected decision making procedure so that possible complications and their resolutions can be revealed along with a final decision.

Critical Thinking: Strategies in Decision Making

Following, are the different phases that can be used for applying sensible decision making procedure for constructing the final decisions concerning development in Kava: a) Identification of Objectives: The first and the main step in this procedure are to recognize

the objectives that an organization wants to attain. In this situation the objective of Walgreens is to establish its business in Kava. This is the main objective of Walgreens and apart from this objective the other objectives of Walgreens is to detect the effective means of achieving business in Kava, so that the prospect of inexpensive resources and quality workers can be capitalized in the best way. b) Identification of resources and limitations: Successively we will determine the resources

existing in the Kava, which can be used by our organization like inexpensive workers along with a breakdown of restrictions like frequent disasters. These facts are crucial as it will help us in generating alternative solutions. c) Generating Alternative Solutions: Subsequently to the identification of resources and

limitations, the next phase is to generate alternative solutions through which the business can accomplish its goals. The different alternative methods that can be used by Walgreens for achieving its objectives in Kava: Disaster management: Indicates the preparation for disaster so that repeated

disasters of the island can be managed successfully in the future. It contains an variety of devices and procedures to identify the tsunami waves and other related elements so that some safety procedures can be engaged in a timely manner. Expand a corporate image: It concerns to the operation of all those devices and

procedures, which are essential for illuminating operational corporate image of the company for example use of active media channel and eye-catching and suitable

Critical Thinking: Strategies in Decision Making

publicity. Develop tourism business: In Kava, tourism is a vital aspect of its economy,

which may also be used by the Walgreens to cultivate its business in tourism merchandises. d) Evaluation of Alternatives: Ensuing to the discussion of obtainable alternatives we will

assess all the generated alternatives in the relations of Walgreens objectives. e) Selection of paramount alternative: Ultimately, the process we will choose the best

appropriate alternative for instance; controlling of disaster which is the most challenging phase of disasters, Walgreens needs have a situation that will manage disasters before entering Kava. Decision making procedure is the most effective method that can be used successfully as by applying it to the objective of entering the Kava for doing business is analyzed in an appropriate manner. With these steps of making decisions will help decide whether the corporation should establish business in Kava. By implementing these alternatives, Walgreens can certainly extend its corporation into Kava from which the company can achieve a numerous of extra benefits. Thus, Walgreens might determine that this decision making procedure will have a constructive influence on the corporations decisions as it supports the managers in detecting the most realistic alternative to extend business into Kava.