We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Decision Making: Decisions in Paradise Essay Sample

essay

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Introduction of TOPIC

Considering the facts of the case, Kava is both a high risk place for investment yet it offers a lot of opportunities as well for different types of businesses.  The best option for the company to make their presence felt in Kava is to create the environment conducive for business investments and to diffuse the risk in investing alone.  Under these premises, Nik can propose for the company to engage in real estate development that will lure both residential i.e. tourists and international commercial locators looking for a place that is secure and offers all the features and amenities necessary to put up a business in Kava.  The company will develop a strategically located real estate in Kava to become the sustainable commercial center which will house the infinite investment potentials for the island.

To be known as the Kava commercial district (Kavacom), it will be a site for different commercial establishments that will realize the different opportunities in Kava including:

  • Hotels, fine dining restaurants, fast food outlets, cafes and shopping malls that will promote and support the potential for tourism of Kava.
  • Kavacom will be the home for the Kava Medical hospital, which will be the biggest hospital in Kava with the most high tech and state of the art facilities for health and medical care needs of all the people of Kava.
  • Kavacom will be the site of academic institutions that will provide the growing education needs of the people c

    onsidering that 50% of its population is less than 15 years of age.  Incidentally, an International

Sorry, but full essay samples are available only for registered users

Choose a Membership Plan
Disaster Center will be created which will engage in the research and training for disaster control considering that island is plagued with natural calamities which are a great opportunity for many international geological scientists for research.
  • Kavacom will be the center for recreation and entertainment by housing the coliseums, entertainment and sports facilities among others.
  • Fuel and Energy exploration companies can also be invited to the Kavacom in order to conduct petrol exploration potentials of Kava and research for alternative sources of fuel e.g. gas.
  • After the development or construction of the Kava Commercial district, the district will be marketed for international investors in coordination with the Kava government which can include other incentives to help source investors i.e. tax incentives and other liberal policies among others. The bulk of manpower requirements for the construction will be coming from Kava.  Considering that kava is a home to typhoons, earthquakes and volcanic eruptions, a close physiography study will be conducted to identify the right location for the development.  The company manager in this foreign subsidiary must have a geocentric culture (world oriented) or being flexible to adapt to the local environment yet maintaining international principles. A geocentric culture combines local responsiveness with global integration and fits the ideas of transnational corporation. (Lane, H.W., 2004)

    The decision making technique used to determine this proposal is the ‘Six Thinking Hats’ technique by Edward de Bono in order to help in translating risks to opportunities.  (Sloane, P. 2003) Because of the risk factors (white hat) in Kava, decision making focus on cost mitigation (negative or black hat perspective), that will initially create a negative intuition (red hat).  However, with the yellow hat perspective, the economic potential of Kava i.e. Petroleum, coffee, cocoa, tourism, fishing, and natural gas, diversity of people in terms of language and religion makes it a microcosm of the international community.  It takes creativity (green hat) to diffuse the investment by marketing the area for potential investment.  The integration of international standards and indigenous values is approached by the green hat which pertains to the process control necessary for a multinational company.

    REFERENCES

    Lane, H.W. (2004).  The Blackwell Handbook of Global Management: A Guide to Managing Complexity. Blackwell Publishing, p 175-180

    Sloane, P. (2003). The Leader’s Guide to Lateral Thinking Skills: Powerful Problem-solving skills. Kogan Page

    We can write a custom essay on

    Decision Making: Decisions in Paradise Essay Sampl ...
    According to Your Specific Requirements.

    Order an essay

    You May Also Find These Documents Helpful

    Risk Analysis and Decision Making

    Q1: Part A Risk administration is the method of recognising and proactively answering to project risks. Generally (but not always) you will gaze for modes to eradicate dangers or to minimize the influence of a risk if it occurs. A risk contingency budget can be established to arrange in accelerate for the likelihood that some dangers will not be organised successfully. The risk contingency budget will comprise capital that can be tapped in order that your project doesn't proceed over budget. Part B: We will require two figures for each risk: P--probability that the risk will occur. I--the influence to the project if the risk occurs. (This can be broken down farther into the cost influence and the agenda influence, but let's just address a cost contingency budget for now.) If you use this method for all of your dangers, you can inquire for a risk contingency budget to cover...

    Deriving Consensus Rankings Via Multicriteria Decision Making...

    Purpose – This paper takes a cautionary stance to the impact of marketing mix on customer satisfaction, via a case study deriving consensus rankings for benchmarking on selected retail stores in Malaysia. Design/methodology/approach – ELECTRE I model is used in deriving consensus rankings via multicriteria decision making method for benchmarking base on the marketing mix model 4Ps. Descriptive analysis is used to analyze the best practice among the four marketing tactics. Findings – Outranking methods in consequence constitute a strong base on which to found the entire structure of the behavioral theory of benchmarking applied to development of marketing strategy. Research limitations/implications – This study has looked only at a limited part of the puzzle of how consumer satisfaction translates into behavioral outcomes. Practical implications – The study provides managers with guidance on how to generate rough outline of potential marketing activities that can be used to take advantage of...

    The Application of Decision Making Theory

    Learning objectives 1. Understand basic control processes in decision-making, and develop appropriate control systems to support specific strategies 2. Identify and evaluate appropriate performance measures to properly assess performance 3. Recognise the importance and the impact of effective information systems in supporting decisions concerning evaluation and control 4. Describe the determinants of decision success and understand the decision making matrix 2 Introduction Text based sources for the Notes: Wheelen and Hunger, Ch 11 (2010) Text Pages 367 - 393 In this module, we will focus on evaluating decisions. In doing so, we will reflect on the operational and strategic decision-making processes and, in relation to the latter, take a closer look at the ‘strategic gap’. We will examine the evaluation and control process within the decision-making process, with a particular focus on measures and steering controls. Finally, we examine what Harrison has labelled as the determinants of strategic decision-making success,...

    Popular Essays

    logo

    Emma Taylor

    online

    Hi there!
    Would you like to get such a paper?
    How about getting a customized one?